Login

Best Buy Reveals Plans To Pare Down Stores, Cut Staff

Electronics Retailer's Headcount Fell 17% Over Last Fiscal Year
Best Buy intends to further streamline its stores, closing some, making others smaller and converting others into warehouse space. (Best Buy)
Best Buy intends to further streamline its stores, closing some, making others smaller and converting others into warehouse space. (Best Buy)
By Clare Kennedy
CoStar News
February 26, 2021 | 1:39 AM

Best Buy, one of the rare retailers to flourish during the coronavirus pandemic, said it plans to accelerate its efforts to right-size its real estate and employee base to adapt to the rise of online shopping, which means that many store leases will likely be allowed to lapse.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE