Best Buy Adobe StockAuthor’s NoteThis article is based on corporate postings and accredited media reports. According to the Associated Press, Best Buy will replace the laid-off full-time workers with 2,000 part-time workers. Although the total number of its store closures isn't readily available, it's likely that at least 60 Best Buy stores have closed so far. 2022 Closing PlansA March, 2022 Star Tribune article, “Best Buy Prepares For a Challenging 2022, Expects Growth After That” by Nicole Norfleet, touts the promise of the company’s eCommerce faction: For the new fiscal year that began last month, Best Buy executives expect business to continue to taper. ConclusionAs with so many other retail giants, Best Buy has found a renewed profit center in eCommerce.

Source: The Guardian April 23, 2022 18:30 UTC