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March 29, 2012 07:05 pm PDT

Best Buy to close 50 stores

Photo: jiazi. Shoop: Rob. Consumer electronics retailer Best Buy is to close 50 stores and cut 400 jobs, mostly at its corporate HQ. Thomas Lee of the Star Tribune: In the past, as Best Buy's stores lost market share, [CEO Brian] Dunn emphasized the retailer's profit margins and driving sales through its multi-channel operations, including [...]


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