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Best Buy Closes 15 Stores in Canada

February 1, 2013

Best Buy Co. said Thursday it has closed 15 of its 230 big-box retail stores in Canada, citing a variety of economic factors and a desire to shift toward smaller stores.

The company declined to say how many workers were laid off as a result of the closings, which included seven Best Buy stores and eight Future Shop locations owned by Best Buy. The closures come as the Richfield-based retailer is restructuring its U.S. operations, where it has already shut 53 locations in the last year.

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