Best Buy Closes 15 Stores in Canada
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.
Underperforming sales at some stores