Best Buy Shrinking at Home, Growing in China

March 30, 2012

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Best Buy has announced as part of its dismal quarterly earnings report that it's closing 50 of its 1,100 U.S. stores this year, while testing smaller tech support-centric "connected stores" in San Antonio and Minneapolis. As part of its restructuring, it will also lay off 400 corporate and support workers in order to slash $800 million in costs and turn around its struggling business model....

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