Best Buy announced this weekend the remaining 42 stores that it will be closing across the United States by May 12. A total of 19 stores will be shut down in three states. It also announced that it has begun the search for a new CEO.
Electronics retailer Best Buy has announced that it will close 50 big box retailers, cut 400 jobs in the corporate and support area and open 100 mobile locations by fiscal year 2013. The company plans to save $800 million by 2015.