Thursday, September 1, 2016

Best Buy Slows Closures as Stores Seen Key to Digital Shopping

Best Buy is methodically shrinking its store base in the U.S. as it tries to operate more efficiently in the age of digital shopping. Unlike competitors such as Sears Holding Corp. and Macy's, though, the closures come with little hype and from a position of strength.

The main reason why Best Buy hasn't gotten more aggressive with stores closures is because it simply doesn't have many unprofitable stores - in fact, it's the main electronics-only retailer left standing in many communities.. . . more

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