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Best Buy IDs Stores Marked For Closure

4/16/2012 09:01:27 AM Eastern

Minneapolis - Best Buy has identified the 50 flagship stores it previously
announced
would close.

Two of the locations, in Kansas City, Mo., and Scottsdale, Ariz.,
have already been shuttered, and six stores within the Connected Store-format
test markets of Minneapolis-St. Paul and San Antonio will close later this
year.

Most of the remaining 42 stores are expected to close by May 12,
and all of the affected markets will continue to be served by other big-box and
freestanding Best Buy Mobile stores.

The closures are part of Best Buy's strategic
initiative
to shave $800 million in costs over the next four years, shed
square footage, and shift its big-box footprints to smaller Connected and
Mobile Store formats.

 Employees at most of the
affected locations were notified on Saturday.

"This was not an easy decision to make," the company said in a
statement. "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."

Workers who are unable or unwilling to find jobs at other Best
Buy locations will be offered a severance package, the retailer said.

Best Buy reiterated that the closings are intended "to increase
points of presence, while decreasing overall square footage, for increased
flexibility.

"We are committed to making it easier for customers to shop with
us, whenever and wherever they want," the company said.

The list of targeted stores follows:

 

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.

 

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