Updated: 02/26/2013 1:30 PM KSTP.com By: Michelle Knoll
Best Buy announced late Thursday that five of the 50 stores it plans to close this year are in the Twin Cities.
The company say the stores in Edina, Brooklyn Center, Hutchinson, Lakeville and Rogers will all close sometime in the fall of 2012, impacting 301 employees total.
After a rough fourth quarter, the electronic giant announced earlier in the day it plans to close 50 of its U.S. big box stores, cut 400 corporate jobs and trim $800 million in costs. The company, which has about 1,400 U.S. locations, also plans to open 100 smaller and more profitable Best Buy Connected Stores throughout the country.
In a press release, the company says it plans a 'total transformation of our presence in the Twin Cities area'. They say several local stores that are remaining open will be remodeled into Connected Stores. The goal is to provide better service and product interactivity for customers.
Once these remodels are completed in the Twin Cities, the five affected locations will shut down. The company says it will try to relocate as many employees from those stores as possible and offer all others severance packages.
The company has not said how many stores will close in other parts of the state.