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Best Buy Confirms Closure Plans for Remaining 42 U.S. Big Box Stores



Brings total of store closures to 50 by end of 2012



Most locations will permanently close by May 12; three additional locations to close by late summer



RICHFIELD, Minn. – April 14, 2012 – Best Buy announced plans March 29, 2012 to close 50 U.S. stores as part of a number of key initiatives for this year. To date, we have closed two stores this year (one in Kansas City, Mo., and one in Scottsdale, Ariz.), plus have notified five Twin Cities stores and one San Antonio store that they will close later this year.



This morning, we have confirmed the remaining 42 store locations that will close. A complete list of store locations can be found at the end of this statement. Employees of these 42 stores have been notified this morning.



This was not an easy decision to make. We chose these stores carefully, and are working to ensure the impact to our employees will be as minimal as possible, while serving all customers in a convenient and satisfying way. But we also recognize the impact this news has on the people who deserve respect for the contributions they have made to our business.



We will be working to help these employees find other positions inside Best Buy. If they don't find new positions, or if they choose not to work at a different location, a transition including severance packages will be available.



Three of these 42 locations remain open today, Saturday; the rest of the affected stores are closed today, and will reopen Sunday, April 15. Customers currently doing business with these stores are being contacted today.



We expect most of these stores will permanently close by May 12. Three additional locations are expected to permanently close later this summer. 2



Best Buy continues to have additional retail store locations – big boxes and standalone Best Buy Mobile stores – for customers to choose from in these affected locations.



More broadly, our previously announced retail store actions are intended to increase points of presence, while decreasing overall square footage, for increased flexibility – including key store remodels with a new Connected Store format, while continuing to build out the successful Best Buy Mobile small format stores throughout the U.S. We will continue to share details of such actions as the year progresses. We are committed to making it easier for customers to shop with us, whenever and wherever they want.







Locations of 2012 U.S. Best Buy store closings







Store Name



Address



City



State







Casa Grande





1004 N Promenade Pwy





Casa Grande





AZ



Lake Pleasant





10134 W Happy Valley Rd





Peoria





AZ



East Palo Alto





1751 E Bayshore Rd





East Palo Alto





CA



Westwood





10861 Weyburn Ave





Los Angeles





CA



Manteca





934 Perimeter Dr





Manteca





CA



Moreno Valley East





27220 Eucalyptus





Moreno Valley





CA



Ontario





4120 E 4th St





Ontario





CA



Pittsburg





4405 Century Blvd





Pittsburg





CA



Jamboree





2857 Park Ave





Tustin





CA



Arapahoe & Parker





15800 E Briarwood Cir





Aurora





CO



The Forum





9370 Dynasty Dr





Fort Myers





FL



Oldsmar





11655 W Hillsborough Ave





Tampa





FL



Fayetteville





128 Pavilion Pkwy





Fayetteville





GA



Loganville





4014 Atlanta Hwy





Loganville





GA



Addison





1038 N Rohlwing Rd





Addison





IL



87th & Dan Ryan





8900 S Lafayette Ave





Chicago





IL



Deerfield





200 S Waukegan Rd





Deerfield





IL



Matteson





4707 Lincoln Mall Dr





Matteson





IL



Mundelein





1100 N Rt 83





Mundelein





IL



West Dundee





979 W Main St





West Dundee





IL



Speedway





10500 Parallel Pkwy





Kansas City





KS



Back Bay





360 Newbury St





Boston





MA



Wareham





2421 Cranberry Hwy





Wareham





MA



Inner Harbor





600 E Pratt St





Baltimore





MD



Hunt Valley





118 Shawan Rd





Hunt Valley





MD



Biddeford





405 Mariner Way





Biddeford





ME



*Brooklyn Center





5925 Earle Brown Dr





Brooklyn Center





MN



*Edina





3200 Southdale Cir





Edina





MN



*Hutchinson





1350 Hwy 15 S





Hutchinson





MN



*Lakeville





18350 Orchard Trl





Lakeville





MN



Rochester South





4540 Maine Ave Se





Rochester





MN



*Rogers





20870 Rogers Dr





Rogers





MN



Ellisville





15678 Manchester Rd





Ellisville





MO



Monroe





3151 W Highway 74





Monroe





NC



Rocky Mount





1100 N Wesleyan Blvd





Rocky Mount





NC



Millard





12210 K Plz





Omaha





NE



East River Plaza





517 E 117th St





New York





NY



Steelyard Commons





3506 Steelyard Dr





Cleveland





OH



Salem Mall





5031 Salem Ave





Dayton





OH



Caguas





Las Americas Expry PR52 Zafiro





Caguas





PR



Middletown





890 W Main Rd





Middletown





RI



Hickory Hollow





5255 Hickory Hollow Pkwy





Antioch





TN



Techridge





12901 North I-35





Austin





TX



*Woodlake Parkway





6218 Woodglen





San Antonio





TX



Landmark Mall





5901 Stevenson Ave





Alexandria





VA



Cosner's Corner





9745 Jefferson Davis Hwy





Fredericksburg





VA



East Richmond





4410 S Laburnum Ave





Richmond





VA



Mill Plain





16611 Se Mill Plain Blvd





Vancouver





WA



* indicates stores notified March 29, 2012 of closure plans



Note: Two stores in Kansas City, MO (Metro North) and Scottsdale, AZ (Shea) permanently closed in February 2012.