Best Buy Reveals 42 Stores to Be Closed

tvpredictions.com ^ | April 15, 2012 | Phillip Swann

[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

Casa Grande

AZ

~~~~~~~~~~~~~~~~ Lake Pleasant

10134 W Happy Valley Rd

Peoria

AZ

~~~~~~~~~~~~~~~~ East Palo Alto

1751 E Bayshore Rd

East Palo Alto

CA

~~~~~~~~~~~~~~~~ Westwood

10861 Weyburn Ave

Los Angeles

CA

~~~~~~~~~~~~~~~~

Manteca

934 Perimeter Dr

Manteca

CA

~~~~~~~~~~~~~~~~

Moreno Valley East

27220 Eucalyptus

Moreno Valley

CA

~~~~~~~~~~~~~~~~

Ontario

4120 E 4th St

Ontario

CA

~~~~~~~~~~~~~~~~

Pittsburg

4405 Century Blvd

Pittsburg

CA

~~~~~~~~~~~~~~~~

Jamboree

2857 Park Ave

Tustin

CA

~~~~~~~~~~~~~~~~

Arapahoe & Parker

15800 E Briarwood Cir

Aurora

CO

~~~~~~~~~~~~~~~~

The Forum

9370 Dynasty Dr

Fort Myers

FL

~~~~~~~~~~~~~~~~

Oldsmar

11655 W Hillsborough Ave

Tampa

FL

~~~~~~~~~~~~~~~~

Fayetteville

128 Pavilion Pkwy

Fayetteville

GA

~~~~~~~~~~~~~~~~

Loganville

4014 Atlanta Hwy

Loganville

GA

~~~~~~~~~~~~~~~~

Addison

1038 N Rohlwing Rd

Addison

IL

~~~~~~~~~~~~~~~~

87th & Dan Ryan

8900 S Lafayette Ave

Chicago

IL

~~~~~~~~~~~~~~~~

Deerfield

200 S Waukegan Rd

Deerfield

IL

~~~~~~~~~~~~~~~~ Matteson

4707 Lincoln Mall Dr

Matteson

IL

~~~~~~~~~~~~~~~~

Mundelein

1100 N Rt 83

Mundelein

IL

~~~~~~~~~~~~~~~~

West Dundee

979 W Main St

West Dundee

IL

~~~~~~~~~~~~~~~~

Speedway

10500 Parallel Pkwy

Kansas City

KS

~~~~~~~~~~~~~~~~

Back Bay

360 Newbury St

Boston

MA

~~~~~~~~~~~~~~~~

Wareham

2421 Cranberry Hwy

Wareham

MA

~~~~~~~~~~~~~~~~

Inner Harbor

600 E Pratt St

Baltimore

MD

~~~~~~~~~~~~~~~~

Hunt Valley

118 Shawan Rd

Hunt Valley

MD

~~~~~~~~~~~~~~~~

Biddeford

405 Mariner Way

Biddeford

ME

~~~~~~~~~~~~~~~~

*Brooklyn Center

5925 Earle Brown Dr

Brooklyn Center

MN

~~~~~~~~~~~~~~~~ *Edina

3200 Southdale Cir

Edina

MN

~~~~~~~~~~~~~~~~

*Hutchinson

1350 Hwy 15 S

Hutchinson

MN

~~~~~~~~~~~~~~~~

*Lakeville

18350 Orchard Trl

Lakeville

MN

~~~~~~~~~~~~~~~~

Rochester South

4540 Maine Ave Se

Rochester

MN

~~~~~~~~~~~~~~~~

*Rogers

20870 Rogers Dr

Rogers

MN

~~~~~~~~~~~~~~~~

Ellisville

15678 Manchester Rd

Ellisville

MO

~~~~~~~~~~~~~~~~

Monroe

3151 W Highway 74

Monroe

NC

~~~~~~~~~~~~~~~~

Rocky Mount

1100 N Wesleyan Blvd

Rocky Mount

NC

~~~~~~~~~~~~~~~~

Millard

12210 K Plz

Omaha

NE

~~~~~~~~~~~~~~~~

East River Plaza

517 E 117th St

New York

NY

~~~~~~~~~~~~~~~~

Steelyard Commons

3506 Steelyard Dr

Cleveland

OH

~~~~~~~~~~~~~~~~

Salem Mall

5031 Salem Ave

Dayton

OH

~~~~~~~~~~~~~~~~

Caguas

Las Americas Expry PR52 Zafiro

Caguas

PR

~~~~~~~~~~~~~~~~

Middletown

890 W Main Rd

Middletown

RI

~~~~~~~~~~~~~~~~

Hickory Hollow

5255 Hickory Hollow Pkwy

Antioch

TN

~~~~~~~~~~~~~~~~

Techridge

12901 North I-35

Austin

TX

~~~~~~~~~~~~~~~~

*Woodlake Parkway

6218 Woodglen

San Antonio

TX

~~~~~~~~~~~~~~~~

Landmark Mall

5901 Stevenson Ave

Alexandria

VA

~~~~~~~~~~~~~~~~ Cosner's Corner

9745 Jefferson Davis Hwy

Fredericksburg

VA

~~~~~~~~~~~~~~~~

East Richmond

4410 S Laburnum Ave

Richmond

VA

~~~~~~~~~~~~~~~~

Mill Plain

16611 Se Mill Plain Blvd

Vancouver

WA

* notes that store was notified March 29

[Las Vegas Dave]

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LasVegasDave.

[IDontLikeToPayTaxes]

Amazing and disheartening news. Who would have thought 10 years ago that Best Buy would be CLOSING stores?

[aces]

Perhaps if they were selling dreams of my Father, Mein Kamph, or Carl marx writings they would be too big to fail..

[CGASMIA68]

looks to me like they were too staurated in a few areas

[FreedomPoster]

The two in GA are in outer-fringe ATL suburbs, in more working class (vs. upscale) areas.

[exDemMom]

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.

[palmer]

Things are looking up, people might be cutting back on buying made-in-China crap. OTOH, a lot of these stores seem to either be in depressed areas (Calif) or downtown stores where people browse but don't drive in with a pickup truck to load up.

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.

[Yardstick]

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.

[Happy Rain]

Looks like some local Wal Marts will be able to raise their electronics prices soon.

[nhwingut]

The Best Buys here in tax free NH remain open!

[chopperman]

...a lot of these stores seem to either be in depressed areas (Calif) or downtown stores where people browse but don't drive in with a pickup truck to load up.

The Ft Myers store was in an area where heavy development was going on and then quit happening.

[babble-on]

Amazon is killing them. People go to Best Buy to see what the best looking picture is, then buy their HDTV from Amazon.

[mykroar]

The speedway location here is in a terrible spot and totally unneeded. Surprised it hadn’t closed earlier, TBH.

[Solson]

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.

[radioone]

Interesting article: Why Best Buy is Going out of Business...Gradually

http://www.forbes.com/sites/larrydownes/2012/01/02/why-best-buy-is-going-out-of-business-gradually/

[KevinDavis]

It has to do with more people buying stuff online (made from China) than people stop buying at Best Buy..

[The Sons of Liberty]

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.

[Caipirabob]

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.

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.

[FourPeas]

Welcome to the ever-expanding Obama Economy.

This is a fine example of Obamanomics at its best.