Best Buy Closing Stores In Boston & Wareham
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BOSTON (AP) — Best Buy says two stores in Massachusetts are among 50 locations that it is closing this year to deal with stiff competition from rivals.
The struggling electronics chain said last month that it would close the stores, cut 400 corporate jobs and trim $800 million in costs.
On Saturday, the company notified workers at two stores in Wareham and Boston’s neighborhood of Back Bay that they are among 42 locations that will be closed.
The company has already closed two stores this year. Most of the rest will close May 12, others this summer. Best Buy says it will try to find other jobs in the company for the workers.
Best Buy said CEO Brian Dunn resigned on Tuesday after the board of directors began investigating his “personal conduct.”
Copyright 2012 The Associated Press.