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Tuesday January 31, 2012

Best Buy Closing U.S. Stores, Opening Stores In China

The bad news: Best Buy is closing more U.S. stores. The good news: The company is opening 40 - 50 new stores...in China.

Back in January, Best Buy CEO Brian "Brooks and" Dunn confirmed reports that the electronics retailer would continue to shrink the footprint of its bricks-and-mortar stores. But a recent memo sent to employees says not to worry about those shuttered outlets because Best Buy is opening up new stores in China.

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