Best Buy Closes New York Store, Many More Closures Expected
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Last month, Best Buy announced plans to close five stores across the United States over the next month. Of those five locations, one store is in New York. Best Buy confirmed plans to close a store in Syracuse as well as two stores in Virginia, one store in Illinois and another in Massachusetts.
On Thursday, Best Buy announced it laid off 5,000 full-time store employees. The company also confirmed it closed 40 stores over the past two years, about 20 each year, and expects to close a higher number in 2021.