Best Buy offers list of its planned US store closings

In late March, Best Buy announced that it would close 50 of its large retail store locations in the US. Now the company has revealed the list of the stores locations that will be shut down. The list was posted in a press release issued, unusually, on a Saturday.

Two of the 50 stores on the list have actually already closed down; one in Kansas City, Missouri., and the other in Scottsdale, Arizona. Best Buy has also informed the staff at five of its locations in the Minneapolis-Saint Paul, Minnesota area and one in San Antonia, Texas that they will be closed later this year.

The other 42 store locations are listed in the press release. They include seven stores in California, six in Illinois, and four in Virginia. Most of the stores will shut down by May 12. Three more unnamed store locations will close by sometime this summer.

Best Buy is still dealing with the sudden resignation of its CEO Brian Dunn just a few days ago, While this move was first seen as a result of the company's current financial situation, Best Buy later admitted that Dunn resigned after the company launched an investigation into his "personal conduct" and not his handling of the business itself.

The Wall Street Journal reports via unnamed sources that Best Buy's investigation, which is still ongoing, revolves around allegations that Dunn misused company funds while having some kind of relationship with an unnamed Best Buy female employee.

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Circaflex said,
its a sad day for myself, i originally grand opened the Jamboree store (Tustin, CA) sad to see it close as i still have many friends who work there, but it was inevitable.

To those bashing BBY, while yes i understand your frustrations but this isnt a thread for that, people are losing jobs in a tough time lets be somewhat mature, i know its hard behind a computer monitor but try for once.

I have no real beef for best buy. Yes the sales people can be a bit off, but where else can you TRY the product before you buy? you cant do that from behind a computer screen.

Circaflex said,
its a sad day for myself, i originally grand opened the Jamboree store (Tustin, CA) sad to see it close as i still have many friends who work there, but it was inevitable.

To those bashing BBY, while yes i understand your frustrations but this isnt a thread for that, people are losing jobs in a tough time lets be somewhat mature, i know its hard behind a computer monitor but try for once.

Exactly, a lot of people are too thick head with the best buy hate to realize that. i always have good experiences with them.

Circaflex said,
its a sad day for myself, i originally grand opened the Jamboree store (Tustin, CA) sad to see it close as i still have many friends who work there, but it was inevitable.

To those bashing BBY, while yes i understand your frustrations but this isnt a thread for that, people are losing jobs in a tough time lets be somewhat mature, i know its hard behind a computer monitor but try for once.

Exactly, a lot of people are too thick head with the best buy hate to realize that. i always had good experiences with best buy.

Sub_Zero_Alchemist said,

Exactly, a lot of people are too thick head with the best buy hate to realize that. i always have good experiences with them.

Same here. Fortunately, the only Best Buy that I had ever shopped in that is closing (Hunt Valley/Towson) will see the slack picked up largely by the White Marsh store (which will remain open).

The Hunt Valley/Towson and Landmark Mall locations are closing because their respective malls are in trouble (Hunt Valley Mall and Landmark Mall are both shedding stores) - the slack will likely be picked up by White Marsh Mall and Potomac Yard Mall, respectively. While the Inner Harbor (Baltimore, MD) Best Buy is closing, the two DC-located Best Buy locations (Gallery Place and Tenleytown) are not. (In fact, the Landmark Mall location is the only Greater Washington BB that will close.) Depending on what you buy (and if you are smart enough to do your own due-diligence - which I do before buying anything), Best Buy can - depending on item - still be exactly that. On certain computer-related items, they have been able to beat - of all places - MicroCenter. (In fact, among big retailers, Best Buy comes in - at worst - second, behind the aforementioned MicroCenter, putting recent arrival hhgregg a distant third.) And it's not like the two aren't in close proximity - there is at least one Best Buy within a mile of both DC area MicroCenters. I've bought my share of items at Best Buy *because* they have better prices and/or better stock - yes, compared even to MicroCenter. I don't buy online for one major reason - I pay cash.

PGHammer said,
I don't buy online for one major reason - I pay cash.
For the most part I could care less about BB closing stores because I am the 100% opposite of you. I get everything online. And honestly anyone who does not strikes me as a bit, odd.

B&M stores have their purpose but they are getting less and less. The last 4 computer I built came from online ordered parts. Mostly because no one ever stocks what I am looking for. Not to mention if some place even gets stock it takes them MONTHS. I have one of the new 2012 Samsung TV's. Have had it for 2-3 weeks now. Local BB *STILL* does not have them. Have a new 2012 Pioneer receiver on order. Will have it this week. No B&M store around me has it. And remember this is just talking about stock, not factoring in prices. If these B&M stores can not even match stock to online places they are just digging their own hole.

PGHammer said,

I pay cash.

Hopefullky you wont get mugged. I think its pretty stupid people are that lazy not to get a checking account like normal humans do...

PGHammer said,

I pay cash.

Hopefullky you wont get mugged. I think its pretty stupid people are that lazy not to get a checking account...

CMG_90 said,

Hopefullky you wont get mugged. I think its pretty stupid people are that lazy not to get a checking account like normal humans do...

I have a checking account - however, checking accounts still come with checking account fees (at banks). Also, even Newegg has been known to go out of stock (on high-demand items). Paying cash forces restraint in spending - if you don't have the money, you don't buy. Even more critical, buying retail means no waiting for delivery (regardless of where you buy the item) - you can take it home right away.

necrosis said,
For the most part I could care less about BB closing stores because I am the 100% opposite of you. I get everything online. And honestly anyone who does not strikes me as a bit, odd.

B&M stores have their purpose but they are getting less and less. The last 4 computer I built came from online ordered parts. Mostly because no one ever stocks what I am looking for. Not to mention if some place even gets stock it takes them MONTHS. I have one of the new 2012 Samsung TV's. Have had it for 2-3 weeks now. Local BB *STILL* does not have them. Have a new 2012 Pioneer receiver on order. Will have it this week. No B&M store around me has it. And remember this is just talking about stock, not factoring in prices. If these B&M stores can not even match stock to online places they are just digging their own hole.

I buy all my stuff online now days too. Better prices and selection. However, Best Buy is still good to buy and try then return versus online where you have to pay restock fees. For example there are a lot of people who will try out speakers and receivers to see what they like best before making the final purchase. Plus if you pay attention there are things that go on clearance at Best Buy that will be cheaper then online.

I wonder what will happen when all the states start forcing sales tax on Amazon. Right now that's my biggest draw to shopping online. Second thing being I don't have to wait in line or deal with traffic.

Oh MAN! There goes our Best Buy. Well, there is a Frye's down the road so... besides I do 90% of my shopping online, but it is nice to be able to go into a store. But what happens now, if my warranty repairs are needed?

The one thing that everyone doesn't realize with these 50 stores closing, and the accusations that Best Buy is going out of business, is that most of the stores closing have other Best Buys within a 25 mile radius. Even a comment above states there to be 4 additional stores. Sadly to see these stores close, but over saturating a market in a single area will cause this.

As I pointed out above, look at those locations on an individual basis - how many of them are in strip shopping centers (or malls) that are themselves in trouble? (Hunt Valley and Landmark Mall are prime examples - both malls are in trouble.) Potomac Yards (where Best Buy is an anchor tenant) started stealing customers from Landmark Mall when it opened - basically, one Best Buy cannibalized another. It's not always city locations that close, either - both Best Buy locations in Washington, DC proper are safe. (The Baltimore Inner Harbor location would seem to be safe under normal circumstances - it's transit-accessible by both bus and light-rail - as both stop within a block of the store - however, that particular area of Baltimore is losing stores left and right.) Individual basis - not companywide.

PGHammer said,
As I pointed out above, look at those locations on an individual basis - how many of them are in strip shopping centers (or malls) that are themselves in trouble? (Hunt Valley and Landmark Mall are prime examples - both malls are in trouble.) Potomac Yards (where Best Buy is an anchor tenant) started stealing customers from Landmark Mall when it opened - basically, one Best Buy cannibalized another. It's not always city locations that close, either - both Best Buy locations in Washington, DC proper are safe. (The Baltimore Inner Harbor location would seem to be safe under normal circumstances - it's transit-accessible by both bus and light-rail - as both stop within a block of the store - however, that particular area of Baltimore is losing stores left and right.) Individual basis - not companywide.
I am closer to the Inner Harbor BB but I drive up to Timonium and go there for one reason. Parking. Hell if I am going to battle city traffic or take public transit into the city. So glad that one closed instead of the Timonium one.

I do my fair share of shopping online also and I'll shop from Circuit City online over BestBuy ANY DAY.

Still, it's nice to have something local and real where I can go and get what I want NOW, not 8-10 days or 6-8 weeks from now!! Nothing worse than telling a customer they can't have the computer back for above mentioned amount of time because local store doesn't have something as simple as a network card or a internal dvd writer!

As some one mentioned above, yes, the Geek Squad has helped me out a whole lot also with fixing their f**k ups on other peoples computers. Not to mention how much cheaper AND faster I am at fixing their stuff than the Freek Squad!!

cork1958 said,
I do my fair share of shopping online also and I'll shop from Circuit City online over BestBuy ANY DAY.

Still, it's nice to have something local and real where I can go and get what I want NOW, not 8-10 days or 6-8 weeks from now!! Nothing worse than telling a customer they can't have the computer back for above mentioned amount of time because local store doesn't have something as simple as a network card or a internal dvd writer!

As some one mentioned above, yes, the Geek Squad has helped me out a whole lot also with fixing their f**k ups on other peoples computers. Not to mention how much cheaper AND faster I am at fixing their stuff than the Freek Squad!!

I don't rely on sales folks at any retailer where I buy anything - even at MicroCenter. I buy retail (and pay cash) because of that convenience of *immediate pickup and take-home*. Newegg deliveries can take anywhere from two to four days (if the item is in stock in New Jersey, their closest stocking ship center, it's usually two days). Whereas with MicroCenter (or even Best Buy), worst case is two hours via mass transit (to either MicroCenter - Fairfax, VA or Rockville, MD). Best Buy? Fifteen minutes (Waldorf, MD store is nine miles away). Also, Newegg doesn't always have the lowest price (and they NEVER have the lowest price on CPUs, for example) - even more surprising, sometimes, Best Buy actually has the lowest price on particular items. I do comparison-shop via their respective Web storefronts - even better, both Best Buy and MicroCenter let me drill-down to check the inventory at an individual location (not every Best Buy has the same inventory - some items are only at specific locations; even the two MicroCenters will differ in terms of in-stock items, and don't get me started on closeouts).

cork1958 said,
I do my fair share of shopping online also and I'll shop from Circuit City online over BestBuy ANY DAY.

Still, it's nice to have something local and real where I can go and get what I want NOW, not 8-10 days or 6-8 weeks from now!! Nothing worse than telling a customer they can't have the computer back for above mentioned amount of time because local store doesn't have something as simple as a network card or a internal dvd writer!

As some one mentioned above, yes, the Geek Squad has helped me out a whole lot also with fixing their f**k ups on other peoples computers. Not to mention how much cheaper AND faster I am at fixing their stuff than the Freek Squad!!

again real mature with the whole "freek squad" comment. I cant help but laugh at people like you, you do realize not everyone who has/is working for "freek squad" is a complete idiot and some are actually very talented at what they do. Id really like to know what you do for a living so i can criticize you without really knowing you at all.

Like another poster said, its more about location, how much the rent is for said location, how much is left on the lease and are they growing the business? Prime example is my old store (Jamboree) they were making money, and hitting budget but while they grew a store down the street (Big Box) was losing clients. Its not just if they made money, more factors went into this.

Can't say I'm surprised about the Steelyard Commons location in Ohio. Was always short staffed, front end was rude, store was a mess and disorganized. Nothing new ever in stock, everything that was is clearance and last years model.

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