Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 30 March 2012 08:09

Best Buy planning to close 50 stores

Written by David Stellmack

y exclamation

Will open Best Buy stand-alone Mobile locations

Best Buy has announced that it will be closing at least 50 retail stores during its Q4 conference call. The company posted mixed earnings, and will be embarking on an $800 million dollar multi-year cost reduction program that will make the company more efficient as well as better align the company with sales opportunities going forward.

In addition, Best Buy will be opening new stand-alone Best Buy Mobile locations, with the company hoping to open 100 of these this year. The company will also be deploying what they call a “Connected Store” format; this decreases square footage while focusing on customer service and multi-channel sales experiences.

Best Buy will also be enhancing its Best Buy Rewards program. The company will continue its Best Buy To Go Kiosk operations in hopes of being able to gain a foothold with this business model. They will be training and rewarding their employees for outstanding customer service as the company will also focus on this for its business model.


blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments