Best Buy Shutters Up to 30 Larger Stores as it Shifts Omnichannel Operating Model
Retail TouchPoints
MARCH 3, 2023
Best Buy is planning to evolve its operating model with a greater emphasis on smaller stores as the retailer plans to close 20 to 30 large-format stores, implement eight experiential store remodels and open approximately 10 additional outlet stores over the coming year. The retailer plans to invest $200 million in capital expenditures for both these physical store changes and routine store resets and maintenance, down from about $300 million last year.
Let's personalize your content