KeystoneRegional Posted April 16, 2012 Share #1 Posted April 16, 2012 Best Buy Confirms Closure Plans for Remaining 42 U.S. Big Box Stores Brings total of store closures to 50 by end of 2012 Most locations will permanently close by May 12; three additional locations to close by late summer RICHFIELD, Minn. – April 14, 2012 – Best Buy announced plans March 29, 2012 to close 50 U.S. stores as part of a number of key initiatives for this year. To date, we have closed two stores this year (one in Kansas City, Mo., and one in Scottsdale, Ariz.), plus have notified five Twin Cities stores and one San Antonio store that they will close later this year. This morning, we have confirmed the remaining 42 store locations that will close. A complete list of store locations can be found at the end of this statement. Employees of these 42 stores have been notified this morning. This was not an easy decision to make. We chose these stores carefully, and are working to ensure the impact to our employees will be as minimal as possible, while serving all customers in a convenient and satisfying way. But we also recognize the impact this news has on the people who deserve respect for the contributions they have made to our business. We will be working to help these employees find other positions inside Best Buy. If they don’t find new positions, or if they choose not to work at a different location, a transition including severance packages will be available. Three of these 42 locations remain open today, Saturday; the rest of the affected stores are closed today, and will reopen Sunday, April 15. Customers currently doing business with these stores are being contacted today. We expect most of these stores will permanently close by May 12. Three additional locations are expected to permanently close later this summer. 2 Best Buy continues to have additional retail store locations – big boxes and standalone Best Buy Mobile stores – for customers to choose from in these affected locations. More broadly, our previously announced retail store actions are intended to increase points of presence, while decreasing overall square footage, for increased flexibility – including key store remodels with a new Connected Store format, while continuing to build out the successful Best Buy Mobile small format stores throughout the U.S. We will continue to share details of such actions as the year progresses. We are committed to making it easier for customers to shop with us, whenever and wherever they want. Locations of 2012 U.S. Best Buy store closings Store Name Address City State Casa Grande 1004 N Promenade Pwy Casa Grande AZ Lake Pleasant 10134 W Happy Valley Rd Peoria AZ East Palo Alto 1751 E Bayshore Rd East Palo Alto CA Westwood 10861 Weyburn Ave Los Angeles CA Manteca 934 Perimeter Dr Manteca CA Moreno Valley East 27220 Eucalyptus Moreno Valley CA Ontario 4120 E 4th St Ontario CA Pittsburg 4405 Century Blvd Pittsburg CA Jamboree 2857 Park Ave Tustin CA Arapahoe & Parker 15800 E Briarwood Cir Aurora CO The Forum 9370 Dynasty Dr Fort Myers FL Oldsmar 11655 W Hillsborough Ave Tampa FL Fayetteville 128 Pavilion Pkwy Fayetteville GA Loganville 4014 Atlanta Hwy Loganville GA Addison 1038 N Rohlwing Rd Addison IL 87th & Dan Ryan 8900 S Lafayette Ave Chicago IL Deerfield 200 S Waukegan Rd Deerfield IL Matteson 4707 Lincoln Mall Dr Matteson IL Mundelein 1100 N Rt 83 Mundelein IL West Dundee 979 W Main St West Dundee IL Speedway 10500 Parallel Pkwy Kansas City KS Back Bay 360 Newbury St Boston MA Wareham 2421 Cranberry Hwy Wareham MA Inner Harbor 600 E Pratt St Baltimore MD Hunt Valley 118 Shawan Rd Hunt Valley MD Biddeford 405 Mariner Way Biddeford ME *Brooklyn Center 5925 Earle Brown Dr Brooklyn Center MN *Edina 3200 Southdale Cir Edina MN *Hutchinson 1350 Hwy 15 S Hutchinson MN *Lakeville 18350 Orchard Trl Lakeville MN Rochester South 4540 Maine Ave Se Rochester MN *Rogers 20870 Rogers Dr Rogers MN Ellisville 15678 Manchester Rd Ellisville MO Monroe 3151 W Highway 74 Monroe NC Rocky Mount 1100 N Wesleyan Blvd Rocky Mount NC Millard 12210 K Plz Omaha NE East River Plaza 517 E 117th St New York NY Steelyard Commons 3506 Steelyard Dr Cleveland OH Salem Mall 5031 Salem Ave Dayton OH Caguas Las Americas Expry PR52 Zafiro Caguas PR Middletown 890 W Main Rd Middletown RI Hickory Hollow 5255 Hickory Hollow Pkwy Antioch TN Techridge 12901 North I-35 Austin TX *Woodlake Parkway 6218 Woodglen San Antonio TX Landmark Mall 5901 Stevenson Ave Alexandria VA Cosner's Corner 9745 Jefferson Davis Hwy Fredericksburg VA East Richmond 4410 S Laburnum Ave Richmond VA Mill Plain 16611 Se Mill Plain Blvd Vancouver WA * indicates stores notified March 29, 2012 of closure plans Note: Two stores in Kansas City, MO (Metro North) and Scottsdale, AZ (Shea) permanently closed in February 2012. Source Link: http://pr.bby.com/phoenix.zhtml?c=244152&p=irol-newsArticle&ID=1683036&highlight Link to comment Share on other sites More sharing options...
theaveragejoe Posted April 20, 2012 Share #2 Posted April 20, 2012 Any word on Canadian store closings? Link to comment Share on other sites More sharing options...
KeystoneRegional Posted April 20, 2012 Author Share #3 Posted April 20, 2012 Any word on Canadian store closings? If I remember correctly, not yet, don't think Best Buy would be doing it now... Link to comment Share on other sites More sharing options...
theaveragejoe Posted April 22, 2012 Share #4 Posted April 22, 2012 Im not shocked if they do close some Canadian stores as they own Future Shop and they always seen to have them close to Best Buy's as well. Link to comment Share on other sites More sharing options...
KeystoneRegional Posted April 22, 2012 Author Share #5 Posted April 22, 2012 Im not shocked if they do close some Canadian stores as they own Future Shop and they always seen to have them close to Best Buy's as well. Same here, but I think Future Shop could see some additional items that is carried in Best Buy if BB want to close stores in Canada. Link to comment Share on other sites More sharing options...
Blitz Posted May 1, 2012 Share #6 Posted May 1, 2012 I definitely expected the store in East River Plaza to close sometime soon. Every time I go in there It's like a ghost town. How could they have thought that a store in that location was going to make money when you have Target, Bj's, and GameStop all in the same facility... Link to comment Share on other sites More sharing options...
KeystoneRegional Posted May 2, 2012 Author Share #7 Posted May 2, 2012 I definitely expected the store in East River Plaza to close sometime soon. Every time I go in there It's like a ghost town. How could they have thought that a store in that location was going to make money when you have Target, Bj's, and GameStop all in the same facility... It's closing, it's on the list of closures, plus there are already plenty in Midtown Manhattan so people would rather go to those stores. I never went to the East River Plaza Best Buy and never will... Link to comment Share on other sites More sharing options...
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