Best Buy Shutters Up to 30 Larger Stores as it Shifts Omnichannel Operating Model
Retail TouchPoints
MARCH 3, 2023
Best Buy is planning to evolve its operating model with a greater emphasis on smaller stores as the retailer plans to close 20 to 30 large-format stores, implement eight experiential store remodels and open approximately 10 additional outlet stores over the coming year. Comparable sales fell 9.3% as overall revenue dropped to $14.7
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