Best Buy is competing with Amazon Prime Day, offering limited-time savings on Apple, Sony, Keurig, and more – here are the best deals today

If you buy through our links, we may earn money from affiliate partners. Learn more.

Best Buy Flash Sale Amazon Prime Day 2021 Best Deals
Best Buy is competing with Amazon Prime day with its Flash Sale, offering limited-time savings on TVs, appliances, and more.

Table of Contents: Masthead Sticky

Best Buy is one of several retailers offering competing deals events for Amazon Prime Day 2021 with its aptly titled Bigger Deal Savings Event, which started on June 15 and is running strong through June 22.

Best Buy is also running daily Flash Sale events – similar to Amazon Prime Day’s Lightning Deals – with limited-time discounts on TVs, health and home products, headphones, and more. We have detailed answers to commonly asked questions about the sale below, plus we rounded up some of the top Best Buy deals you can grab right now.

Top Best Buy Flash Sale deals

Hue White & Color Ambiance A19 Bluetooth LED Smart Bulbs (3-Pack) – Multicolor (medium, Preferred: Best Buy)Kasa Smart Plug (medium, Preferred: Best Buy)60″ Class A6G Series LED 4K UHD Smart Android TV (medium, Preferred: Best Buy)Studio 3 Wireless Headphones (medium, Preferred: Best Buy)Watch Series 6 (40mm, GPS) (medium, Preferred: Best Buy)WH-1000XM4 (medium, Preferred: Best Buy)K-Classic K50 Single Serve K-Cup Pod Coffee Maker (medium)6.5′ Lightning Cable (medium)BXT216 Treadmill (medium)

Is Best Buy holding a competing Amazon Prime Day 2021 sale?

This year, Best Buy is holding its own Bigger Deal Savings Event to compete with Amazon during Prime Day 2021. It’s also holding Flash Sales during those days, which are daily limited-time discounts on select products.

The sale starts June 15 and lasts through June 22; it features promotions and discounts on laptops, TVs, audio, kitchen appliances, and much more.

What deals will Best Buy have during Amazon Prime Day 2021?

When it comes to tech and small appliances, Best Buy has historically matched Amazon Prime Day’s all-time lows. This year looks to be more of the same, though we expect the best deals to crop up during the tail end of the sale when Prime Day is live.

Best Buy’s Bigger Deal Savings Event promotions include up to $250 off select gaming laptops, up to 50% off small kitchen appliances, and up to $400 off select Samsung Galaxy phones. Browse all of the event’s ongoing deals here.

TVs, pressure cookers, video games, smart home gear, streaming devices, and headphones are categories that we typically see discounted to their best prices. You can also expect to see brands like Instant Pot, Dyson, Roku, Google Home, and JBL.

What are the benefits of shopping at Best Buy during Amazon Prime Day?

Amazon Prime Day deals are exclusive to Prime Members – it’s one of the many benefits of subscribing. It’s free to sign up for 30 days if you’re new, but otherwise, you’ll need to sign up.

Best Buy’s sale is open to all shoppers online. You’ll also be able to pick up orders in-store if you’re in a time crunch.

An Amazon Prime subscription grants you access to a vast host of exclusive perks, including free two-day shipping on eligible items, entertainment options like movie and music streaming, and, of course, the ability to shop during Amazon Prime Day 2021 on June 21-22.

When is Amazon Prime Day 2021?

Amazon Prime Day 2021 starts June 21 and ends June 22. Some other competing sales, like Target’s and Walmart’s, start the day before. Best Buy’s Bigger Deal Savings Event started on June 15.

How do I prepare for Best Buy’s competing Amazon Prime Day sale?

Register for My Best Buy – it’s free to sign up. My Best Buy members get free shipping on all orders, rewards points, plus early access to some deals year-round. Even if there are no member-exclusive deals from Best Buy in 2021, it’s still an easy way to score free shipping.

What other stores are holding competing Amazon Prime Day sales?

Target, Walmart, and Kohl’s have already announced their own Prime Day 2021 sales, two of which start before Prime Day itself. Target’s Deal Days event lasts from June 20 to 22 and Walmart’s Deals for Days event lasts from June 2o to 23. Kohl’s ‘Wow Deals’ event lasts for the same 48 hours as Prime Day: June 21 and 22.

Bed Bath and Beyond, The Home Depot, and Old Navy also held sales during Amazon Prime Day, but haven’t announced anything as of writing.

Read the original article on Business Insider

Best Buy is competing with Amazon Prime Day with its Flash Sale, offering limited-time savings on TVs, appliances, and more – here are the best deals today

If you buy through our links, we may earn money from affiliate partners. Learn more.

Best Buy Flash Sale Amazon Prime Day 2021 Best Deals
Best Buy is competing with Amazon Prime day with its Flash Sale, offering limited-time savings on TVs, appliances, and more.

Table of Contents: Masthead Sticky

Best Buy has entered the melee of retailers hawking competing deals on products for Amazon Prime Day 2021 with one major perk: Best Buy’s sale, the aptly titled Bigger Deal Savings Event, which already started on June 15 and is running strong through June 22.

In addition, each day, Best Buy is also running Flash Sale events – similar to Amazon Prime Day’s Lightning Deals – with limited-time discounts on TVs, health and home products, and more. We have detailed answers to commonly asked questions about the sale below, and picked out some of the top deals you can grab right now.

Top Best Buy Flash Sale deals

Hue White & Color Ambiance A19 Bluetooth LED Smart Bulbs (3-Pack) – Multicolor (medium, Preferred: Best Buy)K-Duo 12-Cup Coffee Maker and Single Serve K-Cup Brewer (medium, Preferred: Best Buy)Harvest Elite Slim (medium, Preferred: Best Buy)Kasa Smart Plug (medium, Preferred: Best Buy)60″ Class A6G Series LED 4K UHD Smart Android TV (medium, Preferred: Best Buy)V7 Animal (medium, Preferred: Best Buy)

Is Best Buy holding a competing Amazon Prime Day 2021 sale?

This year, Best Buy is holding its own Bigger Deal Savings Event to compete with Amazon during Prime Day 2021. It’s also holding Flash Sales during those days, which are daily limited-time discounts on select products.

The sale starts June 15 and lasts through June 22; it features promotions and discounts on laptops, TVs, audio, kitchen appliances, and much more.

What deals will Best Buy have during Amazon Prime Day 2021?

When it comes to tech and small appliances, Best Buy has historically matched Amazon Prime Day’s all-time lows. This year looks to be more of the same, though we expect the best deals to crop up during the tail end of the sale when Prime Day is live.

Best Buy’s Bigger Deal Savings Event promotions include up to $250 off select gaming laptops, up to 50% off small kitchen appliances, and up to $400 off select Samsung Galaxy phones. Browse all of the event’s ongoing deals here.

TVs, pressure cookers, video games, smart home gear, streaming devices, and headphones are categories that we typically see discounted to their best prices. You can also expect to see brands like Instant Pot, Dyson, Roku, Google Home, and JBL.

What are the benefits of shopping at Best Buy during Amazon Prime Day?

Amazon Prime Day deals are exclusive to Prime Members – it’s one of the many benefits of subscribing. It’s free to sign up for 30 days if you’re new, but otherwise, you’ll need to sign up.

Best Buy’s sale is open to all shoppers online. You’ll also be able to pick up orders in-store if you’re in a time crunch.

An Amazon Prime subscription grants you access to a vast host of exclusive perks, including free two-day shipping on eligible items, entertainment options like movie and music streaming, and, of course, the ability to shop during Amazon Prime Day 2021 on June 21-22.

When is Amazon Prime Day 2021?

Amazon Prime Day 2021 starts June 21 and ends June 22. Some other competing sales, like Target’s and Walmart’s, start the day before. Best Buy’s Bigger Deal Savings Event started on June 15.

How do I prepare for Best Buy’s competing Amazon Prime Day sale?

Register for My Best Buy – it’s free to sign up. My Best Buy members get free shipping on all orders, rewards points, plus early access to some deals year-round. Even if there are no member-exclusive deals from Best Buy in 2021, it’s still an easy way to score free shipping.

What other stores are holding competing Amazon Prime Day sales?

Target, Walmart, and Kohl’s have already announced their own Prime Day 2021 sales, two of which start before Prime Day itself. Target’s Deal Days event lasts from June 20 to 22 and Walmart’s Deals for Days event lasts from June 2o to 23. Kohl’s ‘Wow Deals’ event lasts for the same 48 hours as Prime Day: June 21 and 22.

Bed Bath and Beyond, The Home Depot, and Old Navy also held sales during Amazon Prime Day, but haven’t announced anything as of writing.

Read the original article on Business Insider

Best Buy is branching out to sell grills and luggage as retailers look to capitalize on our pent-up desire to get outside and travel

Cleaning a charcoal grill with a grill brush
  • Best Buy is expanding beyond its usual tech products to attract Americans heading outside again.
  • The company is now selling items like grills, outdoor heaters, laptop bags and luggage.
  • Best Buy’s sales surged last year as customers bought gear for remote work and home entertainment.
  • See more stories on Insider’s business page.

In a departure from its usual tech offerings, Best Buy is now selling products like grills and luggage in order to appeal to Americans heading outside again as the economy reopens.

The tech retailer is adding outdoor living products and travel gear to its lineup ahead of the summer, when many Americans will head outside, whether it’s just to their backyards or on vacation.

“During the pandemic, many of us turned our focus to our homes, whether that meant moving, renovating or simply redecorating – and that trend isn’t slowing down,” said a press release issued by the company on Tuesday.

Best Buy’s new product offerings will be available online and in select stores. Its website now features items like grills, outdoor heaters and backyard d├ęcor from brands like Weber, Trager and Ooni. The company says it plans to offer an expanded variety of fire tables, outdoor furniture and more in the near future. To encourage buyers, Best Buy is also offering free delivery and assembly for some grills when customers spend $100 or more on grilling accessories.

The company also is selling new business gear ahead of many Americans’ likely return to the office later this year. This includes nearly 75 TUMI products, such as backpacks, laptop bags and luggage.

Best Buy’s attempt to attract outdoors-bound customers comes after a year in which the company successfully wooed those stuck indoors. The company’s sales surged in 2020 as Americans outfitted home offices for remote work and bought entertainment gear to keep themselves occupied as they stayed home during the pandemic.

The new additions represent Best Buy’s latest effort to branch out into new territory. The company previously added home exercise equipment to its inventory, and earlier this year the retailer began a pilot for a new membership program, Best Buy Beta, that takes aim at Amazon Prime.

Read the original article on Business Insider

Best Buy’s ‘Bigger Deal Savings Event’ features Amazon Prime Day-worthy discounts through June 22

If you buy through our links, we may earn money from affiliate partners. Learn more.

best buy logo on smart phone
  • Amazon Prime Day takes place June 21 and 22, and every year Best Buy turns up to offer discounts too.
  • Best Buy’s ‘Bigger Deal Savings Event’ runs from June 15 through June 22.
  • We’ve highlighted the best deals available now, though better discounts will likely crop up during June 21 and 22.

Table of Contents: Masthead Sticky

Best Buy has joined the fray of retailers offering competing discounts for Amazon Prime Day with one major perk: Best Buy’s sale starts June 15.

The ‘Bigger Deal Savings Event’ runs from now through June 22, fully encapsulating Prime Day. We’ve answered questions about the event below, and highlighted some of the best deals you can grab now.

Best early Best Buy Amazon Prime Day 2021 deals

75-Inch Class X950H (medium, Preferred: Best Buy)Legend of Zelda: Breath of the Wild (medium, Preferred: Best Buy)Watch Series 6 (44mm, GPS) (medium, Preferred: Best Buy)microSDXC for Nintendo Switch (128GB) (medium, Preferred: Best Buy)Basilisk Ultimate HyperSpeed Wireless Gaming Mouse with Charging Dock (medium, Preferred: Best Buy)

Is Best Buy holding a competing Amazon Prime Day 2021 sale?

This year, Best Buy is holding its own ‘Bigger Deal Savings Event’ to compete with Amazon during Prime Day 2021.

The sale starts June 15 and lasts through June 22; it features promotions and discounts on laptops, TVs, audio, kitchen appliances, and much more.

What deals will Best Buy have during Amazon Prime Day 2021?

When it comes to tech and small appliances, Best Buy has historically matched Amazon Prime Day’s all-time lows. This year looks to be more of the same, though we expect the best deals to crop up during the tail end of the sale, when Prime Day is live.

Best Buy’s current ‘Bigger Deal Savings Event’ promotions include up to $250 off select gaming laptops, up to 50% off small kitchen appliances, and up to $400 off select Samsung Galaxy phones. Browse all of the event’s ongoing deals here.

TVs, pressure cookers, video games, smart home gear, streaming devices, and headphones are categories that we typically see discounted to their best prices. You can also expect to see brands like Instant Pot, Dyson, Roku, Google Home, and JBL.

What are the benefits of shopping at Best Buy during Amazon Prime Day?

Amazon Prime Day deals are exclusive to Prime Members – it’s one of the many benefits of subscribing. It’s free to sign up for 30 days if you’re new, but otherwise, you’ll need to sign up.

Best Buy’s sale is open to all shoppers online. You’ll also be able to pick up orders in-store if you’re in a time crunch.

Prime Monthly Subscription (medium)

When is Amazon Prime Day 2021?

Amazon Prime Day 2021 starts June 21 and ends June 22. Some other competing sales, like Target’s and Walmart’s, start the day before. Best Buy’s ‘Bigger Deal Savings Event’ starts June 15.

How do I prepare for Best Buy’s competing Amazon Prime Day sale?

Sign up for My Best Buy – it’s free to join. My Best Buy members get free shipping on everything, rewards points, plus early access to some sales year-round. Even if there are no member-exclusive deals from Best Buy this year, it’s still an easy way to nab free shipping.

What other stores are holding competing Amazon Prime Day sales?

Target, Walmart, and Kohl’s have already announced their own Prime Day 2021 sales, two of which start before Prime Day itself. Target’s Deal Days event lasts from June 20 to 22 and Walmart’s Deals for Days event lasts from June 2o to 23. Kohl’s ‘Wow Deals’ event lasts for the same 48 hours as Prime Day: June 21 and 22.

Bed Bath and Beyond, The Home Depot, and Old Navy also held sales during Amazon Prime Day, but haven’t announced anything as of writing.

Read more about how the Insider Reviews team evaluates deals and why you should trust us.

Read the original article on Business Insider

What to expect from Best Buy during Amazon Prime Day 2021 on June 21

If you buy through our links, we may earn money from affiliate partners. Learn more.

best buy logo on smart phone
  • Amazon Prime Day takes place June 21 and 22.
  • Best Buy hasn’t announced its competing Amazon Prime Day sale, but we expect it to.
  • Here’s what we expect from the major retailer during Amazon’s big day.

Table of Contents: Masthead Sticky

While Target and Walmart have already announced competing Amazon Prime Day 2021 sales, Best Buy has yet to officially announce theirs. But, we expect it to repeat the trend from previous years.

Every year, Best Buy offers its own sale with comparable discounts and matching deals offered during Amazon Prime Day. Below, we’ve answered frequently asked questions and highlighted some of the best early deals you can snag now, ahead of June 21.

Best early Best Buy Amazon Prime Day 2021 deals

Basilisk Ultimate HyperSpeed Wireless Gaming Mouse with Charging Dock (medium, Preferred: Best Buy)SmartThermostat with Voice Control (medium, Preferred: Best Buy)iCE Snowball (medium, Preferred: Best Buy)Kishi Mobile Game Controller (Android) (medium, Preferred: Best Buy)K-Elite Single-Serve K-Cup Pod Coffee Maker (medium, Preferred: Best Buy)

Is Best Buy holding a competing Amazon Prime Day 2021 sale?

Best Buy has yet to formally announce whether or not it will be holding a competing Amazon Prime Day sale, but we expect it will be.

Last year, Best Buy held a huge sale for the duration of Amazon Prime Day featuring plentiful and hefty discounts on audio, TVs, small kitchen appliances, and laptops. Chances are, that trend will repeat itself this year.

What deals will Best Buy have during Amazon Prime Day 2021?

When it comes to tech and small appliances, Best Buy has historically matched Amazon Prime Day’s all-time lows. We expect the same this year.

TVs, pressure cookers, video games, smart home gear, streaming devices, and headphones are categories that we typically see discounted to their best prices. You can also expect to see brands like Instant Pot, Dyson, Roku, Google Home, and JBL.

What are the benefits of shopping at Best Buy during Amazon Prime Day?

Amazon Prime Day deals are exclusive to Prime Members – it’s one of the many benefits of subscribing. It’s free to sign up for 30 days if you’re new, but otherwise, you’ll need to sign up.

Best Buy’s sale, if it holds one, will likely be open to all shoppers online. You’ll also be able to pick up orders in-store if you’re in a time crunch.

Prime Monthly Subscription (medium)

When is Amazon Prime Day 2021?

Amazon Prime Day 2021 starts June 21 and ends June 22. Some other competing sales, like Target’s and Walmart’s, start the day before.

How do I prepare for Best Buy’s competing Amazon Prime Day sale?

Sign up for My Best Buy – it’s free to join. My Best Buy members get free shipping on everything, rewards points, plus early access to some sales year-round. Even if there are no member-exclusive deals from Best Buy this year, it’s still an easy way to nab free shipping.

What other stores are holding competing Amazon Prime Day sales?

Target and Walmart have already announced their own Prime Day 2021 sales, both of which start before Prime Day itself. Target’s Deal Days event lasts from June 20 to 22 and Walmart’s Deals for Days event lasts from June 2o to 23.

Kohl’s, Bed Bath and Beyond, The Home Depot, and Old Navy also held sales during Amazon Prime Day, but haven’t announced anything as of writing.

Read the original article on Business Insider

Best Buy joins Walmart and Target in closing stores on Thanksgiving, a blow to Black Friday

Best Buy
A shopper buys movies at a Best Buy Inc. store on November 22, 2018 in Chicago, Illinois.

  • Best Buy confirmed it is closing all stores for Thanksgiving. Walmart and Target are doing the same.
  • Best Buy said shoppers can continue shopping for deals online, however.
  • Online shopping and year-round deals have meant that Black Friday is losing significance.
  • See more stories on Insider’s business page.

Best Buy is closed for Thanksgiving.

The electronics retailer confirmed to Insider Wednesday that all of its stores will be closed for the US national holiday for the second year running. Walmart and Target also announced this year that their stores would close for the holiday.

Thanksgiving had become a popular shopping day for customers who wanted an early jump on deals for Black Friday (which falls the day after Thanksgiving). At some stores, customers would even wait in line overnight to be first inside when the doors opened. But, with the growth of online shopping, especially during the coronavirus pandemic, stores are increasingly taking a more relaxed approach to the day.

Read more: Doomsday predictions about the end of Black Friday are now reality, as the pandemic threatens the most important shopping day of the year

“Ultimately, consumers really want convenience and they want to get their item and get out of the store quickly. They don’t want to wait in long lines, they don’t want to wait for a store to open anymore,” Josh Elman, senior specialist at Nasdaq Advisory Services, previously told Insider’s Kate Taylor.

Moreover, year-round deals mean that Black Friday and the shopping days around it are losing significance.

“It has become less of a physical event and more of a virtual event in the last five to six years,” Dave Marcotte, a senior vice president at Kantar Retail, told Insider, commenting on Black Friday in 2020. It doesn’t have the same “immediacy” as before, he said.

In a statement to Insider, Best Buy said it is making it more convenient for shoppers to buy online – by expanding curbside pickup options and offering faster delivery services.

Read the original article on Business Insider

Best Buy says the hot housing market is boosting the need for TVs and at-home installations

A sign marks a Best Buy store in Salem, New Hampshire, U.S., November 25, 2019.   REUTERS/Brian Snyder
Best Buy reports an increase in TV’s sales and at-home installations, contributing this spike to the hot housing market and home improvements

  • Best Buy says that TV sales and home installations soared for the first quarter earnings.
  • Best Buy CEO Corie Sue Barry contributes this spike to housing sales and home improvements.
  • Revenue for Best Buy is up 27% compared to the first quarter of fiscal year 2020.
  • See more stories on Insider’s business page.

Best Buy says that there has been an increase in TV sales and at-home installations for the first quarter of 2021.

“This demand is being driven by continued focus on the home, which encompasses many aspects of our lives, including working, learning, cooking, entertaining, redecorating and remodeling,” CEO Corie Sue Barry said during the company’s earnings call on Thursday. Barry also added that the increase in sales could be due to “government stimulus programs and the strong housing environment.”

The housing market is in fact booming right now, and some reports have even compared the current climate to the housing bubble that occurred in the early 2000’s before the crash in 2008, as Insider previously reported. Some sellers have even experienced their homes selling at record speed.

Overall in the first quarter, Best Buy sales rose 37%, and earnings per share growth rose 230%. Revenue for Best Buy is up 27% compared to the first quarter of fiscal year 2020.

The biggest factors contributing to increased sales were home theater items, computers, and other appliances. But going forward Best Buy doesn’t have much confidence that the boom will continue. Barry said in a statement on Tuesday that the government stimulus payments provided consumers with a level of confidence and without future payments there could be a “lack of confidence” from consumers, according to CNN.

The chain reported earnings of $2.23 per share in the first quarter, a large beat on analyst estimates of $1.39. The firm also topped revenue expectations and raised its outlook for same-store sales growth, helping its shares rise about 1.8% in trading Thursday.

Revenue was expected at $10.44 billion, but the company exceeded that estimate as well, raking in $11.64 billion, according to CNBC.

Read the original article on Business Insider

It’s not just you: It’s still nearly impossible to buy a PlayStation 5

PlayStation 5 purchase
A customer buying Sony’s PlayStation 5.

  • It’s been over five months since the PlayStation 5 launched, and it’s still very difficult to buy.
  • Despite regular restocking, PS5 consoles sell out instantly through Sony and major chains.
  • Supply of the console isn’t expected to meet demand until this fall at the earliest, Sony said.
  • Visit the Business section of Insider for more stories.

When the PlayStation 5 launched in fall 2020, it was nearly impossible to find.

Five months later, with spring just days away, Sony’s wildly popular game console remains as elusive as ever.

Though resupplies have been frequent, demand for the PS5 continues to vastly outstrip supply. And when the resupplies do go live, people overwhelm digital storefronts in a mad dash to maybe, hopefully, finally get a PlayStation 5.

More often than not, they are met with disappointment.

During a three-hour PS5 resupply marathon that Walmart spaced out in ten minute intervals on Thursday, Insider repeatedly encountered errors or crashes while trying to purchase the console. The item couldn’t be added to the cart, or the website would hang while trying to load, or it simply did nothing after clicking an input.

Each time, even when the website did technically “work,” the same result: The resupply sold out instantly.

Walmart websites, PS5 restock, March 2021
A restock of the PS5 was made available at 3:00 pm. By 3:01 pm., supplies were exhausted.

Those issues were echoed by other people attempting to buy the new console.

“I was able to add the PS5 to my cart, get all the way to the payment method, and then it said item out of stock,” one Twitter user said.

“None of it is working,” another Twitter user said. “I keep trying and it [doesn’t] want to let me get it in the cart.”

Those same errors and near-instant sellouts persisted in ten minute intervals throughout the three hours of PS5 stock resupplies on Walmart’s web store.

Beyond the technical issues retailers are having, and the overwhelming demand from consumers for Sony’s latest PlayStation console, many are still being swept up by resellers – some of whom are using bots to beat out human buyers.

A quick look at resale websites like StockX demonstrates why: Resellers are offering the PS5 for about $730 as of this week – just shy of a 50% markup over the $500 retail price of a PlayStation 5 model with a Blu-ray disc drive. Over on eBay, both versions of the PlayStation 5 are going for $700 and up.

eBay PlayStation 5
The top results for PlayStation 5 consoles in the “Buy it Now” section of eBay.

Unfortunately, it doesn’t sound like Sony will be able to catch up with demand anytime soon.

In several interviews in late February, PlayStation boss Jim Ryan warned of an ongoing supply issue continuing through the second half of 2021.

“By the time we get to the second half [of the year], you’re going to be seeing really decent numbers indeed,” PlayStation boss Jim Ryan told the Financial Times in February. Though the company has, “been relentless in terms of trying to increase production,” he said, some obstacles are out of the company’s hands.

The global microchip shortage and the ongoing global pandemic are both impacting Sony’s ability to produce more PS5s, for instance, but Ryan said the supply situation, “will start to get better hopefully quite quickly.”

Got a tip? Contact Insider senior correspondent Ben Gilbert via email (bgilbert@insider.com), or Twitter DM (@realbengilbert). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by email only, please.

Read the original article on Business Insider

More than 1000 stores are closing in 2021 as the retail apocalypse drags on. Here’s the full list.

empty mall for lease
A strip mall store sits empty April 7, 2008 in Ontario, California.

  • Retailers have confirmed more than 1000 store closures in 2021 so far.
  • Disney, Best Buy, and Macy’s are a few of the stores planning to close locations this year.
  • More than 8,000 US stores closed last year, and experts predict 10,000 possible closures in 2021.
  • Visit the Business section of Insider for more stories.

Retailers have announced plans to close more than 1000 stores this year, and experts say the total could reach 10,000 stores or more.

Mass closures, referred to as the retail apocalypse, have continued over the past few years. In 2020, more than 8,300 US stores closed, following 9,300 in 2019, according to Insider analysis. Research firm Coresignt predicts this trend will continue into 2021. The COVID-19 pandemic made online orders surge over the past year, but it wreaked havoc on brick and mortar retailers. Other retailers that didn’t close filed for bankruptcy, including J Crew, Nieman Marcus, and JCPenney.

Here’s a list of stores expected to close this year.

Disney: 60 stores

GettyImages 1230737834
Disney store.

Disney plans to close 60 stores across North America by the end of 2021 to focus on e-commerce, the company announced.

The closures will affect 20% of Disney’s 300 global retail stores before it looks at more potential closures, especially in Europe, according to CNBC. Japan and China will not be affected. Disney also acknowledged that this change would lead to layoffs but declined to say how many people will be impacted.

Best Buy: 5

Best Buy

Best Buy is closing five stores across the US in early 2021, the retailer confirmed to four local news outlets.

The retailer plans to close two Richmond, Virginia area stores, along with one store each in Syracuse, New York, Carbondale, Illinois, and Brockton, Massachusetts.

Francesca’s: 140

francesca's

Francesca’s filed for Chapter 11 Bankruptcy in December and closed 140 of 700 total stores in January.

Read more: The CEO of Planet Fitness is preparing for a brick-and-mortar fitness boom as the company creates content to disrupt digital offerings made popular by the pandemic

Macy’s: 45

Macy's

Macy’s told employees at 45 locations that their stores would close in 2021, CNBC first reported.

The closures are part of the plan the retailer announced back in February 2020 to close 125 stores by 2023, about one-fifth of total locations. At the time, Macy’s also announced that it would cut 2,000 corporate jobs.

Bed Bath and Beyond: 43

bed bath and beynod

Home goods retailer Bed Bath & Beyond closed 43 stores in February, after 63 closures in 2020.

Paper Source: 11

Paper source store

Greeting card store Paper Source filed for Chapter 11 Bankruptcy and announced plans to close 11 of its 158 stores.

Goodwill: 8

Goodwill store

Goodwill announced plans to close eight Bay Area stores this year.

The Children’s Place: 122

The Children's Place

Children’s retail apparel chain The Children’s Place plans to close 122 stores in 2021 to complete the 300 closure goal it previously announced, according to fourth-quarter earnings.

Justice: 200

Loft Outlet

Owner Ascena Retail Group, which also owns Ann Taylor and Loft, announced plans to close the remaining 200 Justice stores.

H&M: 350

GettyImages 1216823191
Shoppers walk past a H&M store in north London, UK.

Fast fashion retailer H&M plans to close 350 stores in 2021 and open 100, for a net loss of 250 stores. The company cited a rise in e-commerce.

Fossil: 65

Fossil store

Accessories retailer Fossil is closing at least 65 stores after decreased sales in 2020, BisNow reported.

DSW: 65

DSW

DSW has plans to close 65 stores over the next four years, making up 10% of total locations after a 36% drop in sales in 2020, Biz Journals reported.

Read the original article on Business Insider

More than 400 stores are closing in 2021 as the retail apocalypse drags on. Here’s the full list.

empty mall for lease
A strip mall store sits empty April 7, 2008 in Ontario, California.

  • Retailers have confirmed more than 400 store closures in 2021 so far.
  • Disney, Best Buy, and Macy’s are a few of the stores planning to close locations this year.
  • More than 8,000 US stores closed last year, and experts predict 10,000 possible closures in 2021.
  • Visit the Business section of Insider for more stories.

Retailers have announced plans to close more than 300 stores this year, and experts say the total could reach 10,000 stores or more.

Mass closures, referred to as the retail apocalypse, have continued over the past few years. In 2020, more than 8,300 US stores closed, following 9,300 in 2019, according to Insider analysis. Research firm Coresignt predicts this trend will continue into 2021. The COVID-19 pandemic made online orders surge over the past year, but it wreaked havoc on brick and mortar retailers. Other retailers that didn’t close filed for bankruptcy, including J Crew, Nieman Marcus, and JCPenney.

Here’s a list of stores expected to close this year.

Disney: 60 stores

GettyImages 1230737834
Disney store.

Disney plans to close 60 stores across North America by the end of 2021 to focus on e-commerce, the company announced.

The closures will affect 20% of Disney’s 300 global retail stores before it looks at more potential closures, especially in Europe, according to CNBC. Japan and China will not be affected. Disney also acknowledged that this change would lead to layoffs but declined to say how many people will be impacted.

Best Buy: 5

Best Buy

Best Buy is closing five stores across the US in early 2021, the retailer confirmed to four local news outlets.

The retailer plans to close two Richmond, Virginia area stores, along with one store each in Syracuse, New York, Carbondale, Illinois, and Brockton, Massachusetts.

Francesca’s: 140

francesca's

Francesca’s filed for Chapter 11 Bankruptcy in December and closed 140 of 700 total stores in January.

Read more: The CEO of Planet Fitness is preparing for a brick-and-mortar fitness boom as the company creates content to disrupt digital offerings made popular by the pandemic

Macy’s: 45

Macy's

Macy’s told employees at 45 locations that their stores would close in 2021, CNBC first reported.

The closures are part of the plan the retailer announced back in February 2020 to close 125 stores by 2023, about one-fifth of total locations. At the time, Macy’s also announced that it would cut 2,000 corporate jobs.

Bed Bath and Beyond: 43

bed bath and beynod

Home goods retailer Bed Bath & Beyond closed 43 stores in February, after 63 closures in 2020.

Paper Source: 11

Paper source store

Greeting card store Paper Source filed for Chapter 11 Bankruptcy and announced plans to close 11 of its 158 stores.

Goodwill: 8

Goodwill store

Goodwill announced plans to close eight Bay Area stores this year.

The Children’s Place: 122

The Children's Place

Children’s retail apparel chain The Children’s Place plans to close 122 stores in 2021 to complete the 300 closure goal it previously announced, according to fourth-quarter earnings.

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