Best Buy details its 50 big box store shutdowns in the US, most will close by May 12th
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.