Best Buy Tests Sharing Its Sales Floor with Other Retailers
In its turnaround effort, struggling retailer Best Buy Company, Inc., has shuttered big-box stores, shifted emphasis to smaller Best Buy Mobile locations, and cut thousands of jobs.
The Richfield-based company has announced plans to cut costs and downsize its big-box footprint, and it said it would accomplish the move in part by subleasing space to smaller retailers. That has involved walling off portions of some existing big-box stores to allow other retailers to lease space in the buildings while operating independently of Best Buy.
But in Michigan, the company is testing