Wednesday, April 15, 2020

Best Buy to furlough 51,000 workers as stores provide only curbside pickup

Best Buy will furlough 51,000 store employees in the U.S., or about 40% of its total workforce, as its stores remain closed nationwide aside from curbside pickup.

The Richfield-based retailer’s sales were up 4% heading into the pandemic, and surged 25% in one week in mid-March as consumers preparing to hunker down at home rushed to buy computers, keyboards, webcams and home needs.

While it continues to see strong demand for those products, Best Buy said Wednesday that sales have plummeted 30% in the last month since stores have closed to the public.. . . more