Best Buy to Shutter 250 Mobile-Focused Stores
Best Buy will close 250 of its small store stores, which are mostly located in malls and focus on selling mobile devices. "The mobile phone business has matured, margins have compressed and the cost of operations in our mobile standalone stores is higher than in our big box stores," said Best Buy in a memo seen by Reuters. The bulk of the stores will be closed by May 31. Best Buy noted that the stores, often just 1,400 square feet, contributed only 1% to its overall revenue. The typical Best Buy store is about 40,000 square feet. The move doesn't impact Best Buy stores in Canada. Best Buy said it will do what it can to help its mobile-focused employees migrate to other positions at its larger stores. Best Buy's 1,000 big box stores will continue to sell wireless goods and services.
Dec 30, 2016
Samsung recently made a new productivity app called Samsung Focus available to its Android devices. Focus handles basic productivity functions, including email, calendar, contacts, tasks, and memos all in a single application.
Aug 23, 2017
Samsung today announced the Galaxy Note8, its top-end flagship smartphone with a huge display and S Pen stylus. The Note8 eschews the blockier design language of previous generations for the svelte look of the Galaxy S8 and S8+.
Nov 1, 2017
Razer today announced the Razer Phone, its first smartphone, with a focus on mobile gaming. The company bought NextBit, maker of the Robin phone, earlier this year and the Razer Phone was born from projects started at NextBit before the acquisition.
Nov 30, 2018
Instagram today gave people more control over who sees their stories. A new tool called Close Friends lets people create small groups and share stories that are only visible to members of that group.
Jun 7, 2017
Apple plans to make it easier to repair damaged or broken iPhone screens by distributing its proprietary fix-it machine to third-party stores. Apple Stores use a custom device called the Horizon Machine, which is about the size of a microwave oven, to replace cracked iPhone screens.