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The Director explained the reasons that contributed to the closuresincluding lower consumer spending, inflation rates and supply chain issues since the Covid-19 pandemic. The latest branch closure was in Gaithersburg, Maryland.
Among the locations of the branches closed, sites such as California, Colorado, Ohio, Minnesota, Missouri and Virginia appear. Between 10 and 15 stores will close this year and the same number is expected to close by the end of 2025. However, they did not specify which locations will be the next to close stores.
Why stores are closing in the United States
Best Buy It is a chain founded in 1966so it has a lot of history in the United States. Its great success spread to other countries, since has a strong presence in Canada and Mexico. Like the other chains, these closures are part of their strategy to Optimize operations and adapt to change in user preferences.
The company began offering an online store where customers can purchase products and access services such as equipment installation and technical repairs. Therefore, the closure of various large physical stores is due to this paradigm shift when it comes to shopping.
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