Electronics retailer Best Buy, which said in March it would close 50 stores as it shifts focus to battle waning sales, has released a list of stores that will close, including one in Alexandria.
The Alexandria store, at 5901 Stevenson Ave., is the only Washington-area store that will close. One store in Fredericksburg is also on the list, as is one location in Baltimore and one in Hunt Valley.
Best Buy has already closed two stores, in Kansas City and Scottsdale, Ariz., and notified five others in Minneapolis and San Antonio that they will be closing. This weekend’s list included an additional 42 stores.
“This was not an easy decision to make,” Best Buy said in a statement. “We chose these stores carefully and are working to ensure the impact to our employees will be as minimal as possible.”
The Richfield, Minn.-based company says it will work to find affected employees jobs at other Best Buy locations, and will offer severance packages for others. Most stores will permanently close May 12.
Best Buy is shifting more focus to smaller stores and online sales after posting a $1.7 billion loss last quarter. In addition to employees affected by store closings, the chain is also cutting 400 jobs at its corporate and support levels.
Best Buy (NYSE: BBY) has about two dozen stores in the Washington area.
I have been blogging about some gorgeous homes in the Alexandria Historic District. You can see the first one at this link, a beauty from the 1890s at this link, this one from the 1830s at this link, another beauty from the 1900s at this link, and this Italianate home from 1800. Here is one from outside one of the Historic Districts. It is actually […]
An Old Town Alexandria institution, Doggy Happy Hour at Jackson 20 and the Hotel Monaco Alexandria resumes this spring, offering specials on handcrafted cocktails and beers plus treats and water for canine companions. Dog-lovers can peruse items from local pet boutiques and learn about pet services in the area. 15% of proceeds benefit P.A.L. (People. […]
Be in the company of President James Madison THIS Sunday as ‘A Nation at War’ is discussed and debated at this weekend’s Presidential Salon. The date is April 27, 1814 and the nation is at war with England. The Second Session of the Thirteenth Congress began on December 6, 1814 and, on the next day, […]