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Best Buy sells everything, from household appliances to laptops to domestic security systems, a large part of which are available for a fraction of the prices of their competitors. But as much as buyers love Best Buy and its blue and yellow kitsch exterior, His future in retail that remains to be seen. In 2023, Best Buy closed dozens of its large format stores and revealed its intention to open more outlets instead. And it seems that the creeping closures are not yet finished.

In relation: These are all the Walmart locations closing in 2024 . AE0FCC31AE342FD3A1346EBB1F342FCB

During a recent call for results to discuss the last financial quarter of 2024 (which ends this month, even if it is only the start of the calendar), Best Buy announced that 24 stores have ceased the operation during the last year.

Last month, 10 stores closed in Northport, New York; Apple Valley, Minnesota; Murray, Utah; Kildeer, Illinois; Wooster, Ohio; Southglenn, Colorado; Margate, Florida; Stafford, Virginie; Tiffany Springs, Missouri; And Vauxhall, New Jersey, according to Daily mail .

But the biggest news is that the company plans to stop up to 15 additional locations during the year 2025 (which ends in March 2025).

"As a current practice, we will continue to close the existing traditional stores during our rigorous store examination as their leases is renewed. In the exercise '24, we have closed 24 stores. And in the exercise '' 25, we plan to close 10 to 15 stores, "said Best Buy's financial director Matt Bilunas ,, by a call transcription .

To help stimulate the company's “prospective store strategy”, the Chief Executive Officer Cori Barry said during the call: "First of all, we will open small locations on a few markets outside the state where we do not have a prior physical presence ... Second maximizing the physical retention of stores by convenience. ""

In addition, Best Buy intends to replace a selection of its retail department stores with points of sale. Best points of sale Offer more favorable prices for a budget because the majority of the inventory is open items (products returned by the customer).

Previously, Best Buy showed its interest in extending its range of models of experiential stores. As the best purchase The website explains , these stores allow customers to test electric transport such as electric bikes, attend demos and buy a larger selection of outdoor and health and fitness articles.

Barry speaking More "premium" storefronts in a call for results in 2023 last spring: "This format has more premium experiences in a sales area of 35,000 square feet, presenting the best of Best Buy." However, the company did not announce its intention to extend these stores during the year 2025.

"By taking a step back, we expect the evolution of our portfolio of stores and our operating model to stimulate the lift of sales and efficiency over time," Barry told investors. "More importantly, these changes are necessary to relieve the pressures of a changing world, a world in which customers control and increasingly digital and the cost to exploit physical stores such as rent and labor 'Work will probably not drop. "

As USA today Noted, Best Buy has not announced where the closings to come will take place.