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Final Nr Enterprise Store Closure Confirmation, 4.14.12

Final Nr Enterprise Store Closure Confirmation, 4.14.12

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Published by Benjamin Freed

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Published by: Benjamin Freed on Apr 16, 2012
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04/16/2012

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For Immediate ReleaseMedia Contact:
 Kelly Groehler, Best Buy(612) 291-6115 or kelly.groehler@bestbuy.com
Best Buy Confirms Closure Plans forRemaining 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 andone 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 ofstore locations can be found at the end of this statement. Employees of these 42 stores have beennotified this morning.This was not an easy decision to make. We chose these stores carefully, and are working to ensurethe impact to our employees will be as minimal as possible, while serving all customers in aconvenient and satisfying way. But we also recognize the impact this news has on the people whodeserve 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 severancepackages will be available.Three of these 42 locations remain open today, Saturday; the rest of the affected stores are closedtoday, and will reopen Sunday, April 15. Customers currently doing business with these stores arebeing contacted today.We expect most of these stores will permanently close by May 12. Three additional locations areexpected to permanently close later this summer.
 
 
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Best Buy continues to have additional retail store locations
 –
big boxes and standalone Best BuyMobile stores
 –
for customers to choose from in these affected locations.More broadly, our previously announced retail store actions are intended to increase points ofpresence, while decreasing overall square footage, for increased flexibility
 –
including key storeremodels with a new Connected Store format, while continuing to build out the successful Best BuyMobile small format stores throughout the U.S. We will continue to share details of such actions as theyear progresses. We are committed to making it easier for customers to shop with us, whenever andwherever they want.
Locations of 2012 U.S. Best Buy store closings
Store Name Address City State
Casa Grande 1004 N Promenade Pwy Casa Grande AZLake Pleasant 10134 W Happy Valley Rd Peoria AZEast Palo Alto 1751 E Bayshore Rd East Palo Alto CAWestwood 10861 Weyburn Ave Los Angeles CAManteca 934 Perimeter Dr Manteca CAMoreno Valley East 27220 Eucalyptus Moreno Valley CAOntario 4120 E 4th St Ontario CAPittsburg 4405 Century Blvd Pittsburg CAJamboree 2857 Park Ave Tustin CAArapahoe & Parker 15800 E Briarwood Cir Aurora COThe Forum 9370 Dynasty Dr Fort Myers FLOldsmar 11655 W Hillsborough Ave Tampa FLFayetteville 128 Pavilion Pkwy Fayetteville GALoganville 4014 Atlanta Hwy Loganville GAAddison 1038 N Rohlwing Rd Addison IL87th & Dan Ryan 8900 S Lafayette Ave Chicago ILDeerfield 200 S Waukegan Rd Deerfield ILMatteson 4707 Lincoln Mall Dr Matteson ILMundelein 1100 N Rt 83 Mundelein ILWest Dundee 979 W Main St West Dundee ILSpeedway 10500 Parallel Pkwy Kansas City KSBack Bay 360 Newbury St Boston MAWareham 2421 Cranberry Hwy Wareham MAInner Harbor 600 E Pratt St Baltimore MDHunt Valley 118 Shawan Rd Hunt Valley MDBiddeford 405 Mariner Way Biddeford ME*Brooklyn Center 5925 Earle Brown Dr Brooklyn Center MN

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