Electronics

Best Buy to Close 50 Stores

New, smaller spaces planned

Published

13 years ago

April 2, 2012

Robin Donovan

Best Buy Co. (Minneapolis) will close 50 stores and open 100 smaller locations in the U.S. in an effort to cut costs by 2015, the Associated Press reports. The company has suffered falling stock prices and weak sales for TVs, digital cameras and videogames, as well as competition with e-retailers, including Amazon. The company has 1450 locations in the U.S. and 2900 globally.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design