Best Buy continues streamlining process at HQ

Best Buy has trimmed 400 positions at its Richfield, Minn., headquarters, as part of a streamlining strategy designed to reduce $750 million in costs during the next few years. The retailer did not cut staff at the store level, instead planning to invest in store remodels and employee training in an effort to increase sales. Best Buy has also postponed its latest earnings report by one day.

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Star Tribune (Minneapolis-St. Paul, Minn.) · Wall Street Journal, The

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