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Best Buy to close 50 stores, including Loganville

RICHFIELD, Minn. (AP) — Best Buy on Saturday announced the locations of 50 stores that it is closing this year, including two Georgia locations in Loganville and Fayetteville.

The other stories include seven in California, six in Illinois and six in the company's home state of Minnesota.

The struggling electronics chain said last month that it would close some of its so-called big box stores, cut 400 corporate jobs and trim $800 million in costs. Best Buy plans to open 100 smaller, more profitable Best Buy Mobile stores.

The company is trying to avoid the fate of Circuit City, which went out of business in 2009. It faces slower sales of expensive items like TVs, plus increased competition from Amazon.com and discount stores like Target.

Best Buy has about 1,400 locations in the United States. It has already closed two stores this year, one in Missouri and one in Arizona. Most of the rest of the 50 will close May 12, others this summer.

Best Buy said it would try to find other jobs in the company for the workers.

On Tuesday, Best Buy said CEO Brian Dunn had resigned after the board of directors began investigating his "personal conduct." The company lost $1.7 billion in the most recent quarter, partly because of restructuring costs.

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Loganville Best Buy

Loganville Best Buy

Comments

Karl 2 years, 4 months ago

They just opened that Loganville store a few years ago, replacing the one near Stone Mountain...

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kevin 2 years, 4 months ago

Guess they didn't live up to their name anymore. They were not very low priced if you ask me. Hate to see more jobs lost.

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Mack711 2 years, 4 months ago

They have good products at some what reasonable prices. There is some what high pressure to buy on the spot, did not like this. Also their return policy needs to be looked at and redone. Sorry about these employees losing their jobs but that is business. Look for more to close or go the way of Circut City.

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SuperDaveMc 2 years, 4 months ago

Sad that the store is closing, and feel sorry for the employees. However, this business model where you buy a product and are then asked if you want to buy a warranty for that product rarely gets me to shop there. If I buy a widget, and that widget does not work, or breaks.... I should not have to pay you extra in advance to ensure you stand behind the product. That type of "upsell" is one that discourages me from shopping there and other stores with that method.

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Cleanupguy 2 years, 4 months ago

Our free market model sets the rules – Amazon and Walmart are better on price, Costco usually doubles manufacturer warranties and has an open return policy, so they win, Best Buy loses.

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Braveshopr 2 years, 4 months ago

Best Buy's business model needed changing years ago. The CEO must have started his career as a traveling door-to-encyclopedia salesman. When a company regularly gives bad service to it's customers on all levels, people buy elsewhere. They have chosen not to compete with their rivals, so it isn't surprising they aren't making money on this venture.

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