Best Buy closes more locations on March 4

Several stores are closed by the retailer.


The retailers were closing places On the left and right in recent years - and some companies have seriously reduced their retail footprint. In 2021, CVS announced that it would be Closing 900 stores in the United States for the next three years. Bed Bath & Beyond, who had marked 150 stores for the closure, announced this month would closure 87 Others of its flagship stores, as well as the closure of its entire Harmon Drumon brand. Now another large retailer loses locations. Read more to find out more about the next closures of the best purchase.

Read this then: JCPENNEY closes even more locations, from next month .

Best Buy has closed about a dozen stores in the past year.

closed sign in window
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Best Buy has reduced its overall number of stores, but not in number as drastic as some of its retailer colleagues. The electronics store had 938 American locations at the end of the 2022 fiscal year. In the first quarter of the 2023 fiscal year (which started January 30, 2022 ), Best Buy closed seven stores, and in his second trimester, he closed only one place.

Business Last financial report revealed that there were 925 Best Buy stores still open in the United States on October 29, 2022, at the end of the third quarter. (Best Buy has not yet published its financial reports for its entire year 2023, which has just ended on January 28).

Overall, the company has closed a dozen stores in the past year.

The most recent closures were in New York and California.

best buy store
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The most recent closures in Best Buy hit the United States in the fall, affecting places in New York and California. The longtime store of the retailer in the Upper West Side in New York closed on October 30 , Patch reported. "Thank you for shopping with us. This place is permanently closed," read a sign on the front door of the NYC Best Buy store at the time.

The company also closed its store in Riverbank, California, roughly at the same time. The Best Buy River Bank store last day was scheduled for October 29, The modest bee reported last year.

"We will not renew the lease on our Riverbank store and will not have a plan for other stores in the region in the near future," said Best Buy spokesperson Olivia Bruce said to the newspaper. This location is now listed as "permanently closed" also, according to Google.

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Now Best Buy closes more locations.

New York, New York, USA - February 20, 2016: The Best Buy on Fifth Avenue in midtown Manhattan. Best Buy is a national home electronics retailer. People can be seen.
istock

Best Buy is preparing for new store closures in 2023. During the last day, it was reported that the retailer would soon close two separate locations in Tennessee.

Farragut buyers are get lost Their Best Buy store, Wate Local Abc-Affiliate reported. According to the station, the city store on Parkside Drive in the shopping area of Turkey Creek Creek will close on March 4. "It is not goodbye, he will see you. This store closes", a sign left on the door of the Farragut Best Buy Reads door. AE0FCC31AE342FD3A1346EBB1F342FCB

In Chattanooga, customers will also lose a Best Buy store. The Chattanooga Times Free Press indicated that the retailer is Stop your store In Hixson, a northern suburb of the city. Bruce told the newspaper that the 17 -year -old store would also close on March 4, because Best Buy had decided not to renew his lease in the Towne Center North shopping center.

"This closure is part of our regular and continuous examination process of stores as leases are renewed," Best Buy said in a press release Chattanooga Times Free Press January 30. "The decision to close a store is never easy, and we are very grateful to our customers in the Hixson region who have bought with us over the years."

Best Buy also closes a store in Missouri.

best buy
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These two Tennessee locations are not the only best purchase stores on the cutting block. The company also has plans for An upcoming closure in St. Joseph, Missouri, the St. Joseph News-Press reported.

As for the closure of Hixson, St. Joseph Best Buy is closed because the retailer has decided not to renew his lease at the North Village shoppes. Consequently, the last day of activity of the store will also take place on March 4, Bruce told the newspaper.

"The decision to close a store is never easy, and we are very grateful to our customers in the Saint-Joseph region who have bought with us over the years," Best Buy said in a press release St. Joseph News-Press . "We hope they will continue to buy with us on Bestbuy.com or on the Best Buy app."

With three different store closures now for March 4, Better life Tandoned to Best Buy to ask if there are plans for more closures - on or after this date. We will update this story with the company's response.


Categories: Smarter Living
Tags: News /
By: josh-sens
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