Best Buy says it will close 10 to 15 stores in 2024
- Best Buy will close additional stores on top of 24 from the previous year, citing "declining sales."
- The decisions were made to address the company's financial challenges, as reported by the Austin American-Statesman.
- CEO Corie Barry aims to balance workforce and consumer needs, with over 1,000 locations nationwide.
14 Articles
14 Articles
Best Buy to close 10-15 stores by 2025, company says
Best Buy will close more than a dozen stores over the next year, the company announced during its quarterly earnings call.By 2025, the electronics retail giant is expecting to close between 10 and 15 stores, Chief Financial Officer Matt Bilunas said on the call at the end of February. It was not said which stores would be closing.
Best Buy says it will close 10 to 15 stores in 2024
(WKBN) — Best Buy is looking to close some stores this year and work to offer a smaller experience for customers in some markets. The company is looking to close 10 to 15 stores, following the closing of 24 stores last year, CFO Matthew Bilunas said during a fourth-quarter earnings call with investors last month. He explained that Best Buy will "close existing traditional stores during our rigorous review of stores as their leases come up for r…
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