Best Buy to close some international branded stores (Reuters)
PHILADELPHIA (Reuters) – Consumer electronics retailer Best Buy Co Inc (BBY.N) said on Monday it would close its branded stores in China and Turkey as conception of an try to generate fund of up to $70 meg by playing 2013.
The consort said that its playing 2012 newborn store openings module focus primarily on the profitable ontogeny of its Best Buy Mobile playing in the United States and its Five Star playing in China.
Along with changes to its U.S. supply chain operations, Best Buy expects to incur restructuring charges during playing 2011 and 2012 of $225 meg to $245 million.
The retailer said it continues to wait playing 2011 weakened earnings of $3.20 to $3.40 a share, excluding restructuring charges.
(Reporting by Jessica Hall: Editing by Jan Paschal)
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