29_35x90 knx_35x90

Local

Best Buy Announces Plans To Close 4 Southland Locations

View Comments
Best Buy (credit: Kevork Djansezian/Getty Images)

Best Buy (credit: Kevork Djansezian/Getty Images)

Photo Galleries

LOS ANGELES (CBS) — Best Buy has confirmed plans to close four Southland locations.

The electronics chain Saturday announced its plans to close the following stores:

• 10861 Weyburn Avenue in Westwood;
• East 27220 Eucalyptus in Moreno Valley;
• 4120 E 4th Street in Ontario, and;
• 2857 Park Avenue in Tustin.

The move follows a previous announcement by the chain that it plans to close a total of 50 stores across the country this next year “as part of number of key initiatives for this year,” said Best Buy spokeswoman Kelly Groehler in a statement released.

Nationwide, 400 employees are expected to be laid off.

Best Buy says that the closures are part of a broader restructuring aimed at reducing costs by $80 million.

The locations in the LA-area are expected to close by May 12.

View Comments
  • http://www.usapress.eu/2012/04/14/best-buy-announces-plans-to-close-4-southland-locations/ Best Buy Announces Plans To Close 4 Southland Locations | USA Press

    [...] CBS Los Angeles Tags: Announces, Best, Close, Locations, Plans, Southland © 2012 USA Press Powered by CTR Theme [...]

  • http://propertycloud.co.za/2012/04/best-buy-announces-plans-to-close-4-southland-locations/ Best Buy Announces Plans To Close 4 Southland Locations | Property Cloud | PropertyCloud

    [...] Read the full story and more.     [...]

blog comments powered by Disqus
Listen Live!