Best Buy announced March 29 that it will close 50 stores around the United States. The company plans to find current employees other positions within Best Buy. If they decide not to work at a different location, severance packages will be available.
Best Buy CEO Brian Dunn resigned recently after the company launched an internal investigation into his personal conduct.
Industry observers have said that Best Buy suffered in the recession. The company has been under fire for failure to quickly respond to competition and the country’s changing shopping habits.
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