As big-box store brands continue to struggle during a time when customers are increasingly shopping online, Best Buy has closed its latest Connecticut store.
Best Buy this month closed its Orange location at 53 Boston Post Road, according to messages left on the store’s voicemail.
This follows the 2021 closure of the company’s Enfield location.
The closures come as the company continues to downsize its “large format” store footprint across the country. The company announced during its fourth quarter 2022 earnings call on March 2 that it plans to close an average of 15 to 20 traditional large-format stores per year going forward.
Best Buy CEO Corie Barry said the company has closed approximately 70 large-format stores over the past three years. The company also opened four new stores and relocated six stores in that period.
For fiscal year 2024 specifically, Barry said the company plans to close between 20 to 30 large-format stores, and open 10 new outlet stores.
