Best Buy Store Closures 2025

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JoAnn Fabrics store at Marion Centre mall to close in January 2023
JoAnn Fabrics store at Marion Centre mall to close in January 2023 from www.marionstar.com

March 21 (UPI) --Electronics retail giant Best Buy will shut down 10-15 store locations by the end of 2025, according to CFO Matthew Bilunas retail and restaurant industries (the restaurant industry, in particular, is really struggling in 2024).Macy's has already announced it plans to close 150 locations (that the company deemed "unproductive") across the country by 2026.

JoAnn Fabrics store at Marion Centre mall to close in January 2023

That means a potential 25 stores or more could close by the end of 2025. The retailer cited a few crucial reasons behind the shutdowns Credit: Getty Barry added that the retailer was trying to "strike a balance between its workforce and consumer.

Best Buy Closing Temecula Store; What's Next For The Building? Temecula, CA Patch. March 21 (UPI) --Electronics retail giant Best Buy will shut down 10-15 store locations by the end of 2025, according to CFO Matthew Bilunas One reason Best Buy continues to close stores is leases, which come due when the retailer decides whether to renew a lease or end its time in a specific location.

Just weeks until major retailer shutters more stores see full list of states and locations. That means a potential 25 stores or more could close by the end of 2025. "As our ongoing practice, we will continue to close.