Best Buy closing 50 stores

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I like Best Buy since they offer some high-end electronics in their Magnolia section of some stores. Walmart also has a big electronics selection but not as big as Best Buy. Walmart keeps improving in their electronics selection every year.

“The cost-cutting plan includes the closure of 50 big-box Best Buy stores this year, and a reduction of about 400 corporate and support positions. About $250 million in cuts would be made this year alone, the company said.”

http://www.twice.com/article/482485-Best_Buy_Plans_800M_In_Cost_Cuts.php