Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Best Buy Updates On Store Closures - Quick Facts

RELATED NEWS
Trade BBY now with 

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

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. After ending the previous session modestly lower, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day more than offset yesterday's losses, lifting the major averages to their best closing levels in a month. Sen. Lindsey Graham, R-S.C., is seen as a long shot for the Republican presidential nomination in 2016, and his chances may have gotten worse after he was recorded joking about the prospects for "white men" if he were elected president.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.