Best Buy To Close 50 Stores

Best Buy To Close 50 Stores
Best Buy will reportedly close 50 of its big-box chains and open 100 small mobile locations in the United States in 2013, according to a Billboard.biz report. The move is expected to reduce $250 million in costs for the company by 2013, and $800 million by 2015. The news follows reports of Best Buy's loss of $1.7 billion for the fourth quarter ending March 3, a wide deficit compared to the $651 million profit reported in the year-ago quarter. (3/29)

Vinyl Single Sales Up In 2011
Sales of vinyl singles in the United States increased 99.6 percent in 2011, according to figures released by the RIAA. Overall, vinyl sales topped 3.9 million in 2011, a 39.3 percent increase compared to 2010. (3/29)

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