We knew Best Buy planned to close 50 of its big box retail locations by the end of its 2013 fiscal year, and now (just days after Mike Mikan took the CEO-reigns from Brian Dunn) it's detailed all of the stores that'll be getting the boot. As it stands, two locations have already been shut down, with six others set to close before the year is out -- and the company hopes to clear out the remaining 42 before May 12th. Employees at most of the stores were informed of the news this weekend, and despite the impending closures, the company says it'll try to re-position them within the company or offer up severance packages. Past that, Best Buy is also reaching out to the customers of these stores, noting that they'll still have other nearby locations to choose from -- try-before-you-buy online shoppers rejoice. There's still no specific word about the 100 Best Buy Mobile stores it hopes to setup, but more information will be forthcoming later in the year. Hit up the press release after the break if you'd like to parse the full list of affected locations or find out more details about the planned closures.
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Best Buy Confirms Closure Plans for Remaining 42 U.S. Big Box Stores

Brings total of store closures to 50 by end of 2012

Most locations will permanently close by May 12; three additional locations to close by late summer

RICHFIELD, Minn. – April 14, 2012 – Best Buy announced plans March 29, 2012 to close 50 U.S. stores as part of a number of key initiatives for this year. To date, we have closed two stores this year (one in Kansas City, Mo., and one in Scottsdale, Ariz.), plus have notified five Twin Cities stores and one San Antonio store that they will close later this year.

This morning, we have confirmed the remaining 42 store locations that will close. A complete list of store locations can be found at the end of this statement. Employees of these 42 stores have been notified this morning.

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.

We will be working to help these employees find other positions inside Best Buy. If they don't find new positions, or if they choose not to work at a different location, a transition including severance packages will be available.

Three of these 42 locations remain open today, Saturday; the rest of the affected stores are closed today, and will reopen Sunday, April 15. Customers currently doing business with these stores are being contacted today.

We expect most of these stores will permanently close by May 12. Three additional locations are expected to permanently close later this summer. 2

Best Buy continues to have additional retail store locations – big boxes and standalone Best Buy Mobile stores – for customers to choose from in these affected locations.

More broadly, our previously announced retail store actions are intended to increase points of presence, while decreasing overall square footage, for increased flexibility – including key store remodels with a new Connected Store format, while continuing to build out the successful Best Buy Mobile small format stores throughout the U.S. We will continue to share details of such actions as the year progresses. We are committed to making it easier for customers to shop with us, whenever and wherever they want.



Locations of 2012 U.S. Best Buy store closings



Store Name

Address

City

State



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

* indicates stores notified March 29, 2012 of closure plans

Note: Two stores in Kansas City, MO (Metro North) and Scottsdale, AZ (Shea) permanently closed in February 2012.