Skip to comments.Best Buy Reveals 42 Stores to Be Closed
Posted on 04/16/2012 2:39:01 AM PDT by Las Vegas Dave
Washington, D.C. (April 15, 2012) -- Best Buy yesterday revealed the locations for 42 'big box' stores it will close this year.
The CE retailer announced on March 29 that it would close 50 stories but has not disclosed until now the full list of stores that would get the ax.
Best Buy is closing the stores due to sluggish sales and shrinking profits. The company lost $1.7 billion in the last quarter, compared to a profit of $651 million in the same quarter a year ago. The store closures represent a little less than three percent of its retail force. (Best Buy has 1,450 stores in the United States.)
Best Buy says it has already closed two stores, one in Kansas City and one in Scottsdale, Arizona. Plus, one San Antonio stores and five Twin Cities stores have been notified that they will close later this year.
Yesterday, employees at the remaining 42 stores were told their stores will be closing, most by May 12.
"This was not an easy decision to make. We chose these stores carefully, and are working to ensure the impact to our employees will be as minimal as possible, while serving all customers in a convenient and satisfying way. But we also recognize the impact this news has on the people who deserve respect for the contributions they have made to our business," Best Buy said in a statement.
Here are the 42 Best Buy stores that will be closing over the next several weeks:
~~~~~~~~~~~~~~~~ Casa Grande
1004 N Promenade Pwy
~~~~~~~~~~~~~~~~ Lake Pleasant
10134 W Happy Valley Rd
~~~~~~~~~~~~~~~~ East Palo Alto
1751 E Bayshore Rd
East Palo Alto
10861 Weyburn Ave
934 Perimeter Dr
Moreno Valley East
4120 E 4th St
4405 Century Blvd
2857 Park Ave
Arapahoe & Parker
15800 E Briarwood Cir
9370 Dynasty Dr
11655 W Hillsborough Ave
128 Pavilion Pkwy
4014 Atlanta Hwy
1038 N Rohlwing Rd
87th & Dan Ryan
8900 S Lafayette Ave
200 S Waukegan Rd
4707 Lincoln Mall Dr
1100 N Rt 83
979 W Main St
10500 Parallel Pkwy
360 Newbury St
2421 Cranberry Hwy
600 E Pratt St
118 Shawan Rd
405 Mariner Way
5925 Earle Brown Dr
3200 Southdale Cir
1350 Hwy 15 S
18350 Orchard Trl
4540 Maine Ave Se
20870 Rogers Dr
15678 Manchester Rd
3151 W Highway 74
1100 N Wesleyan Blvd
12210 K Plz
East River Plaza
517 E 117th St
3506 Steelyard Dr
5031 Salem Ave
Las Americas Expry PR52 Zafiro
890 W Main Rd
5255 Hickory Hollow Pkwy
12901 North I-35
5901 Stevenson Ave
~~~~~~~~~~~~~~~~ Cosner's Corner
9745 Jefferson Davis Hwy
4410 S Laburnum Ave
16611 Se Mill Plain Blvd
* notes that store was notified March 29
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Amazing and disheartening news. Who would have thought 10 years ago that Best Buy would be CLOSING stores?
Perhaps if they were selling dreams of my Father, Mein Kamph, or Carl marx writings they would be too big to fail..
looks to me like they were too staurated in a few areas
The two in GA are in outer-fringe ATL suburbs, in more working class (vs. upscale) areas.
Hmm, I’m kind of surprised that the two stores closing in MD are in very urban, populated areas. But here, in a less densely populated area, the Best Buy is apparently staying.
If someone gave me a free 10k Best Buy shopping spree I would look for some way to sell it for cash or trade it for some lumber from Lowes.
Is there really a Manteca, CA? What a strange name for a town. I’m pretty sure it means either fat or lard in Spanish.
The Best Buys here in tax free NH remain open!
The Ft Myers store was in an area where heavy development was going on and then quit happening.
Amazon is killing them. People go to Best Buy to see what the best looking picture is, then buy their HDTV from Amazon.
The speedway location here is in a terrible spot and totally unneeded. Surprised it hadn’t closed earlier, TBH.
Exactly. They are a showroom. And they’ve been very very slow to get on board with their online presence. They’re a bloated pig and are nay now waking up to the reality that store-front retail is more than just being the only player in town.
Interesting article: Why Best Buy is Going out of Business...Gradually
It has to do with more people buying stuff online (made from China) than people stop buying at Best Buy..
Best Buy once had an outstanding product, but in recent years has been poorly managed and has alienated quite a few people with their return policies.
The local Fry's Electronics store here in Phoenix is a showroom type business as well, but we love going there and the deals are amazing. They advertize frequently in the local paper as well. Loads of killer deals.
Their online presence is miserable, however, practically forcing you to go to the store.
Our local Fry's is designed like a giant Aztec Temple. Pretty hilarious, actually.
Welcome to the ever-expanding Obama Economy.
This is a fine example of Obamanomics at its best.
They lied and did not pay me a rebate so I could care less if they all close.
Perused the list with apprehension but was glad to see the two stores near my house dodged the knife this time around.
Is merchandise being sent to other stores, or will it be closed out?
Yeah, I left out the housing bust areas like parts of FL, AZ and Atlanta. That’s probably the majority of the closings.
At least they are apt to get something more in line with their needs online rather than whatever chrome-plated plastic the salesman is told to push.
How many folks are actually looking around their local business community and noting the enormous number of closed stores and shops.....(when they're not watching the Kardashians, or tweeting, of course.....)
IMHO, no loss here. Amazon can beat them hands down. And, they don’t treat you like a thief when trying to exit the store. The ones here in Georgia are noted for virtually frisking the customers on the way out. I wouldn’t buy a damned thing from them.
Yeah, thats "my" best buy store. That area, (Lehigh Acres, North Fort Myers) was devastated by the housing downturn. Surprised any businesses made it through.
Why? In my experience, Best Buy is an expensive place to shop. I can get a 32 GB memory stick for what they'd charge for a 4 or 8 gb one at Frys. I guess I don't tend to buy big ticket items there. Most of the time, when I have to get something at a Best Buy, it is something small, like a cable, memory, or something similar for a perpheral. They are always on the high end price wise for such things. i,e, $30 for a cable I can get for $10 to $15 elsewhere.
Bingo! Best Buy is just a handy place for internet shoppers to get hands on experience with products that they intend to buy online. Sad but true. When I go in to look at something, I always check online with my iPhone to see what the price difference is, if it is nominal, I go ahead and pick it up, but if it is substantial then I go home and order it online.
I did that a few years ago. Here's why. I researched the TV I wanted (reviews, specs, etc) both online and at the stores. Best Buy had an online ad for "buy a tv and get 3 Blurays" for free or a very low cost. I went into the store and asked them to give me that offer and free shipping. I was willing to pay a few dollars more to get the TV now. They said go talk to customer service which had a huge line. I already knew what TV I was buying so I wasn't going to waste my time waiting in a huge line with no guarantees and walked out the door and ordered it from Amazon.
For $50 they lost a sale and coincidentally that store is on the closing list above. I mainly buy just BluRays if the sale price is good. The bonus is when I can also use a coupon which Disney offers from time to time.
The other day I was looking for some Sony 3D Glasses, I went in to the local BB, and was told to go on line and find them.