The Best Buy store at Las Catalinas Mall in
Caguas is the only establishment of the electronics retail chain that,
according to official reports, is closing its doors in Puerto Rico, as part of
the cost reduction strategy implemented by the corporation.
Nevertheless, sources of USA Today Puerto
Rico Edition indicated that Best Buy could eventually announce the shutdown of
its stores at Plaza Río Hondo in Bayamón and at Plaza Carolina Mall.
“From the beginning, the plans were to keep
the store in Hato Rey only, because it’s the most profitable one,” the source
said
An official press release sent by the
American electronics chain includes a list of 48 big box stores that would shut
down operations in upcoming months, and from that list the Caguas store is the
only local one.
“We hope that most of the stores shut down
permanently starting May 12. There are another three local stores that are
expected to shut down over the summer,” the press release reads. Two other
stores -- in Kansas and Arizona -- that have already shut down operations,
complete the list of 50 stores.
Regarding the store in Caguas, it will shut
down permanently on May 12.
“It wasn’t easy to make that decision. We
carefully chose this store and we’re currently working on ensuring that the impact
it would have on our employees is the least possible, as we continue to serve
in a convenient and satisfactory manner to all our customers,” a spokesperson
stated. The purpose of the shutdown is saving $800 million in operational
costs, the corporation indicated in a financial statement released at the end
of March. Moreover, Best Buy announced it would open small stores specialized
in wireless products, such as cell phones and tablets.
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