Best Buy is closing all 250 of its U.S. mobile-phone stores by the end of May, 2018. Despite predictions of growth in the smartphone market for this year after a lackluster 2017, the company has decided that the phone-focused stores provide little value to its broader business. The 250 outlets are mostly located in shopping malls and are much smaller than its 1,000 big-box retail stores, which the company said will continue to sell handsets.
Comments