Best Buy spares Issaquah store from closure
April 17, 2012
Best Buy plans to spare the Issaquah store from closure as the electronics retailer closes 50 stores nationwide in a bid to cut costs.
Executives announced the closure plan March 29, but did not release the list of affected stores until April 14. The only Washington store impacted under the plan is in Vancouver.
The company plans to close most of the stores by May 12 and the additional locations by late summer.
Richfield, Minn.-based Best Buy announced plans in February 2010 to open a store in Issaquah. The outpost opened in November 2010 in the same retail center as Fred Meyer.
The local Best Buy sprawls across almost 40,000 square feet in the former La-Z-Boy Furniture Galleries.
In addition to the closures, Best Buy plans to eliminate about 400 positions in corporate and support areas, and cut costs by $800 million.