Apr 14, 2012 3:45 PM
RICHFIELD, Minn. (AP) - Best Buy has announced the locations of 50 stores that it is closing this year. The list includes seven stores in California, six in Illinois and six in the company's home state of Minnesota.
The struggling electronics chain said last month that it would close the stores, cut 400 corporate jobs and trim $800 million in costs.
The company has already closed two stores this year, one in Missouri and one in Arizona. Most of the rest will close May 12, others this summer. Best Buy says it will try to find other jobs in the company for the workers.
On Tuesday, Best Buy said CEO Brian Dunn had resigned after the board of directors began investigating his "personal conduct."