by Martin Burch
Amid a dismal earnings report, Best Buy announced the locations of the 50 stores it will close this year. The company’s home state of Minnesota will see 5 store closures (18% of stores in the state) and also take the brunt of 400 layoffs expected at the corporate and retail levels. The other clustering is in Chicago, where six stores will close, but this really isn’t a huge move for the company — it has over 1,100 locations in all 50 states, except Wyoming.
The company has been recently shaken by the departure of the CEO who organized this round of closures, but one part of Best Buy’s business is growing: the company has plans to open 100 Best Buy Mobile stores this fiscal year, more than doubling the number of tiny stores dedicated to selling mobile devices.
Check out the map below to see if there are any store closures in your area — there’s one in New York City. If you’re a bargain-hunter, discounts up to 20% off are expected at the stores.
If you’re a classmate, perhaps you are more interested in how this was put together?