Retailers and Specialty stores and Retail and Real Estate & Retail

Indiana escapes Best Buy's closure plans

April 16, 2012

Indiana isn’t part of Best Buy’s plan to close 50 stores, the electronics retail chain announced over the weekend.

The struggling chain said last month that it would close some of its big-box stores, but didn't release the locations of most of the closures until Saturday. The company also said it would cut 400 corporate jobs and trim $800 million in costs. Best Buy plans to open 100 smaller, more profitable Best Buy Mobile stores.

The Indianapolis area is home to eight Best Buy stores and two Best Buy Mobile stores.

Best Buy’s closure list includes six stores in Illinois and two in Ohio. Most of the stores will close by May 12.

Richfield, Minn.-based Best Buy has about 1,400 stores nationwide.

 

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