Best Buy to Close 10-15 Stores Amid Declining Sales

The electronics retailer aims to balance workforce with consumer interest, following a year of previous closures.

Best Buy announced it will close 10 to 15 stores and lay off employees due to declining sales.
The store closures and layoffs are part of Best Buy's strategy to balance its workforce with consumer interest.
Best Buy previously closed 24 stores in the last fiscal year, aiming for a gross profit rate expansion.
Texas has 106 Best Buy stores, the second-most in the U.S., with Houston and San Antonio having the most in the state.
It's unclear which stores will be affected by the new closures, but some have already begun, including in cities like Denver and Minneapolis.