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+ - Best Buy to Close 50 Stores->

Submitted by
tekgoblin
tekgoblin writes "Big consumer electronics retailer Best Buy plans to close 50 of its big box stores by the end of 2012. This does not really come as a shock to us as the company has had a hard time in the past competing with online retailers in the same business. Properties such as NewEgg, TigerDirect, and even Amazon.com can offer lower prices for the same merchandise.
Best Buy has not released any financial figures detailing the reasons for the closures as of yet. Best Buy will try its best to help employees find other employment and offer severance packages to employees that chose not to work at a different location. Details on severance packages will likely depend on the level of the employee at the company. Best Buy details their plans below:"

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Best Buy to Close 50 Stores

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