Best Buy to focus on smaller mobile outlets

03/29/2012 | Wall Street Journal, The · Reuters

Best Buy will close 50 of its big-box stores and cut 400 corporate and support jobs as part of a plan to restructure and trim $800 million in costs, CEO Brian Dunn said Thursday. The chain, which faces growing competition from online retailers whose lower overhead allows them to sell electronics for less, also plans to begin opening much smaller stores that focus on selling mobile devices.

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Wall Street Journal, The · Reuters

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