Best Buy Closing Stores 30 Mar 12

Best Buy is closing 50 stores in the U.S. in fiscal 2013 and is looking to cut costs by $800-million by fiscal 2015. The Hutchinson store is among those slated to close.

The biggest U.S. specialty electronics retailer also says it lost money in its fiscal fourth quarter partly because of a restructuring charge, but its adjusted results topped Wall Street’s expectations.

Best Buy lost $1.7-billion, or $4.89 per share for the period ending March 3rd. That compares with a profit of $651-million, or $1.62 per share, a year ago.

  • Troy Kurth

    Why are they closing? They built a brand new store in Hutchinson Mn and they are closing the store. So we will have another empty building sitting around? I just don’t understand they build brand new stores and then close them years later. I think it is just bad.

  • BobbBrown

    well hello. that whole strip is a desert. someone still pays taxes on them ohh well…

  • Hutch News

    The front page of KARP/KDUZ website must be the oldest news ever. Best Buy in Hutchinson is staying open.