Retail Watch: Best Buy To Cut Retail Space Growth by Going Smaller

Best Buy Co. Inc. plans to significantly cut the number of openings of its larger, standard-sized store format in favor of its smaller Best Buy Mobile stores.

The Minneapolis-based electronics retailer also announced plans to improve efficiencies in its U.S. supply chain operations.

“The actions we are taking are consistent with our strategy of driving businesses that have earned the right to additional capital while curtailing activities that…

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