Best Buy to close 50 big box stores by 2013

MILWAUKEE -- Best Buy announced Thursday, March 29th it plans to close 50 of its big box stores by 2013.

400 employees will lose their jobs, and the layoffs include corporate and support staff.

The company has struggled to compete with online retailers like

Best Buy says it will open the same number of stores in China. There is no word at this time if any of the Milwaukee-area Best Buy stores will be affected.

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CLICK HERE for the Milwaukee Business Journal article.

CLICK HERE for an article from FOX6's media partners at the Fox Point Patch.