For Immediate ReleaseMedia Contact:
Kelly Groehler, Best Buy(612) 291-6115 or firstname.lastname@example.org
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
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.