Best Buy Updates On Store Closures - Quick Facts

Best Buy Q1 Profit From Cont. Ops. Decreases - Quick Facts

Best Buy Q1 14 Earnings Conference Call At 8:00 AM ET

Best Buy Founder Richard Schulze Returns As Chairman Emeritus - Quick Facts

Trade BBY now with

4/14/2012 5:56 PM ET

Electronics retailer Best Buy Co. Inc. (BBY: Quote) in an update on its restructuring plans revealed last month said it will close 42 stores by May 12, media reports said Saturday.

In March the company said it will close 50 stores this year. It has already closed two stores and has planned closures for six others as well. The state of California alone will have seven closures, reports said.

Best Buy recently saw the exit of its CEO Brian Dunn amid a probe into personal misconduct. Dunn's resignation comes days after the company posted a whopping $1.7 billion loss for the fourth quarter, hurt by huge charges related to Carphone Warehouse.

Click here to receive FREE breaking news email alerts for Best Buy Co Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 93 Articles

Editors Pick

Stocks May Move Higher Ahead Of Testimony From Bernanke - U.S. Commentary

After moving modestly higher over the course of the previous session, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 32 points.

IMF Sees Myanmar Growth At 6.7% This Fiscal

Myanmar's growth is set to accelerate slightly to 6.75 percent in the fiscal year ending March 2014 led by gas production and investment, the International Monetary Fund said on Wednesday. In an Article IV Consultation report, the IMF said Myanmar's economy grew nearly 6.5 percent in the fiscal year...

Bank Of England Split On QE; King's Stimulus Call Defeated For Fourth Month

Bank of England Chief Mervyn King maintained his call for more stimulus for the fourth month and was defeated again by a majority of six members as in previous months who cited faster-than-expected growth and pipeline impact from previous stimulus. At his penultimate meeting, King along with Paul Fisher and David Miles sought an increase in quantitative easing by GBP 25 billion.