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Best Buy announced that it will close some of its stores by 2025, according to a February 2024 earnings call by the company.
UNDATED (WKRC) - Best Buy has announced the closure of 24 stores in 2024 and another ten to 15 by next year. According to KABC, Best Buy announced in a recent earnings call that it will...
The electronics and tech retailer is overhauling its in-store experience for the upcoming fiscal year.
In a recent earnings call to discuss the last financial quarter of 2024 (which ends this month, even though it is only the beginning of the calendar year), Best Buy announced that 24 stores have ceased operation over the past fiscal year.
The company is looking to close 10 to 15 stores, following the closing of 24 stores last year, CFO Matthew Bilunas said during a fourth-quarter earnings call with investors last month, WKBN...
In an earnings call in February 2024, Best Buy shared it would be closing ~1% to 2% of its store locations in fiscal years 2024 and 2025.
Best Buy closes 24 stores this year, another 10-15 by next year, company says. KABC. Wednesday, March 20, 2024. The company announced in a recent earnings call that it is shutting down 24...
Best Buy is closing between 15 and 20 stores in 2024, with various stores shuttering on March 2. These include the locations in Stafford, Virginia, Apple Valley, Minnesota, and Kansas City, Missouri. Chief executive office Corie Barry warned last November that such closures were on their way.
For fiscal 2024, Barry said the company’s plans include closing 20 to 30 large format stores, implementing eight Experience store remodels, and opening about 10 additional outlet stores.
Best Buy sees continued decline in sales despite 24 store closings in 2023. The electronics company plans additional closures and layoffs in 2024.