$BBY to Close 300 Stores and Pink Slip 3k

“BBY has announced that it’s closing around 300 stores in the U.S. over the next few weeks.

That’s around 35 percent of its total brick-and-mortar presence of 850 stores.

Around 3,000 employees will be laid off as a result of the closings, according to a spokesperson from parent company Dish Network.

“We continue to see value in the Blockbuster brand and we will continue to analyze store level profitability and — as we have in the past — close unprofitable stores,” the spokesperson told the Los Angeles Times….”

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