UPDATED: Eagan Best Buy Not Among Planned Store Closures
The retailer plans to close 50 stores and lay off as many as 400 employees, thanks in part to declining revenues.
Best Buy officials announced on Thursday that they plan to close 50 of their big box stores and lay off 400 employees at corporate and support levels, according to a news release. But those plans—at least for the time being–do not include Eagan's Best Buy store, located along Town Centre Drive near the Eagan Promenade shopping center, according to updated information released by the nationwide retailer. Stores in Edina, Brooklyn Center, Rogers, Lakeville and Hutchinson will close, impacting more than 300 workers, according to Kare11. However, Best Buy also announced it plans to open 100 smaller and more profitable "Connected Stores". The closures are part of $800 million in planned cost reductions by 2015. In the fourth quarter of 2011, …
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