Things are changing at Best Buy, as the retailer today announced it would close 50 of its locations across the U.S. as it refocuses its business around mobile. The company revealed plans to open 100 new mobile locations as it shifts its domestic store format. The announcement came as the company released its fourth quarter [...]

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Image via Wikipedia Now that Best Buy has mega-stored Circuit City to death, literally, the retailer has quickly become “Lord of the Flies”. On Friday, Circuit City said it was liquidating all of its stores. Then, on Saturday, there was a big liquidation sale at many local Circuit City stores – up to 30 percent [...]

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Image via Wikipedia Goodbye, Circuit City. In a bankruptcy court filing, the electronics retailer disclosed that it has reached a deal with liquidators to sell the remaining merchandise in all 567 of its U.S. stores after failing to find a buyer or a refinancing deal. The company, which is the second-biggest U.S. electronics retailer after [...]

Continue reading " Circuit City To Close All Stores, More Than 35,000 Jobs Are Gone "