WCCO EYE4 LOGO WCCO Radio wcco-eye-red01, ww color red

Big Box

(credit: Tom Pennington/Getty Images)

Best Buy To Close Stores After Dismal Earnings Report

Best Buy Co. said it plans to close 50 big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges, but its adjusted results topped Wall Street’s expectations.

03/29/2012