Best Buy announces list of 50 stores closing in 2012

The once high-flying electronics retailer Best Buy, reeling from online competition, discloses the 50 store locations it will shut down this year.

The once high-flying electronics retailer Best Buy is reeling from online competition, among other woes (such as its CEO's resignation last week), and is reducing the number of locations in an effort to cut costs. The company has just disclosed the list of retail locations it plans to close this year, which will come to a grand total of 50 stores in the U.S.

Two stores -- one in Kansas City, Missouri and the other in Scottsdale, Arizona -- are already closed, and five Minnesota stores and one in San Antonio have already been informed that they are shutting down. Of the remaining 42 locations, seven are in California, six are in Illinois, and three are in Virginia. Major cities like Boston, Cleveland, Tampa, and Vancouver are each losing one location.

You can find the full list of stores closing here. Do you frequent one of the stores on this list? Will you miss having a Best Buy nearby? Will fewer Best Buy locations ultimately help the company turn itself around? Share your thoughts in the Comments section below.

[Via Engadget]

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