Posted 10:54 am Monday, April 16, 2012
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Tyler Best Buy Store Not On Closure List
By CASEY MURPHY
Business Editor
Tyler didn’t make the list of 42 store closures announced this weekend by Best Buy.
After the company disclosed last month it would close 50 stores by the end of the year, Best Buy released the locations of 42 big box stores that will be shuttered.
Best Buy has closed two stores so far in Kansas City, Mo. and Scottsdale, Ariz., and notified employees at 48 other locations they will close this year. Most of the stores will close by May 12, while three are expected to close later this summer, company officials announced.
Two Texas stores, one in Austin and one in San Antonio, made the list of closures.
“This was not an easy decision to make,” Best Buy media representative Kelly Groehler said Saturday in a prepared statement. “We chose these stores carefully, and are working to ensure the impact to our employees will be as minimal as possible while serving all customers in a convenient and satisfying way.”
She said the company will work to help its employees find other positions inside Best Buy. If they do not find new positions or choose not to work at a different location, a transition including severance packages will be available.
The store closures are intended to increase points of presence by the company while decreasing overall square footage for increased flexibility. Plans include key store remodels with a new connected store format while continuing to build out the successful Best Buy Mobile small format stores throughout the country, Ms. Groehler said.
Best Buy representatives said last month that along with its plans to close 50 of its big box stores, it was also cutting 400 corporate jobs and trimming $800 million in costs, the Associated Press reported. The company, which has about 1,400 U.S. locations, also plans to open 100 smaller and more profitable Best Buy Mobile stores throughout the country.
Business Editor
Tyler didn’t make the list of 42 store closures announced this weekend by Best Buy.
After the company disclosed last month it would close 50 stores by the end of the year, Best Buy released the locations of 42 big box stores that will be shuttered.
Best Buy has closed two stores so far in Kansas City, Mo. and Scottsdale, Ariz., and notified employees at 48 other locations they will close this year. Most of the stores will close by May 12, while three are expected to close later this summer, company officials announced.
Two Texas stores, one in Austin and one in San Antonio, made the list of closures.
“This was not an easy decision to make,” Best Buy media representative Kelly Groehler said Saturday in a prepared statement. “We chose these stores carefully, and are working to ensure the impact to our employees will be as minimal as possible while serving all customers in a convenient and satisfying way.”
She said the company will work to help its employees find other positions inside Best Buy. If they do not find new positions or choose not to work at a different location, a transition including severance packages will be available.
The store closures are intended to increase points of presence by the company while decreasing overall square footage for increased flexibility. Plans include key store remodels with a new connected store format while continuing to build out the successful Best Buy Mobile small format stores throughout the country, Ms. Groehler said.
Best Buy representatives said last month that along with its plans to close 50 of its big box stores, it was also cutting 400 corporate jobs and trimming $800 million in costs, the Associated Press reported. The company, which has about 1,400 U.S. locations, also plans to open 100 smaller and more profitable Best Buy Mobile stores throughout the country.
