Best Buy Plans to Close 50 Stores Nationwide

March 29, 2012 Updated Mar 29, 2012 at 11:57 AM EDT

...

Best Buy Plans to Close 50 Stores Nationwide

March 29, 2012 Updated Mar 29, 2012 at 11:57 AM EDT

Best Buy is scaling back.

According to the Minneapolis Star-Tribune, the Minnesota-based consumer electronics retailer plans to close 50 stores nationwide in order to increase profits.

Best Buy expects to save $800 million over the next three years with the restructuring, according to the Star-Tribune report.

Read the Star-Tribune story HERE.