Best Buy to shut down 250 mobile stores across the US

By RetailFOXBusiness

Best Buy to close 250 small mobile phone stores in US malls

Fox Business Outlook: Best Buy shuttering standalone stores which account for just over one percent of company's overall revenue in malls across America.

Best Buy said it will shut 250 small mobile phone stores in U.S. malls. The cost of operations in the mobile standalone stores is higher than in the big-box stores. The mobile stores, which contributed just over 1% to the company's overall revenue, will close on May 31.

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