Best Buy Closing 17 Stores Nationwide 2023

It must be a bad year for a lot of national chains. Just like Walmart and David's Bridal, Best Buy just announced a ton of store closures and Illinois made the list.

BestLifeOnline reported that 17 locations will be shutting their doors this month, plus 20-30 large format stores will be added to the closing list by the end of the year.

Get our free mobile app

One Best Buy location in Algonquin, Illinois has officially closed for good.

Located at 1561 S Randall Rd in Algonquin, IL, this location has already permanently closed.

Getty Images

Other states with Best Buy locations closing include Tennessee, Missouri, Minnesota, California, and Texas.

Why is Best Buy closing multiple locations this year?

"these changes are necessary to relieve the pressures of a changing world, a world in which customers are in control and increasingly more digital and the cost to operate physical stores such as rent and labor are not likely going to come down." [BestLifeOnline]

This is crazy to hear because I was just telling someone that big box stores must be struggling as the digital age continues to advance as fast as it has been in the last few years.

As these big box stores try to get back on their feet, so are employees who are losing their jobs. Though it's only a few locations as of right now, employees are getting hit the hardest.

Getty Images

Hopefully 2023 looks up sooner than later. If you want to find out more details about specific locations closing their doors, CLICK HERE.

LOOK: Here are the 25 best places to live in Illinois

Stacker compiled a list of the best places to live in Illinois using data from Niche. Niche ranks places to live based on a variety of factors including cost of living, schools, health care, recreation, and weather. Cities, suburbs, and towns were included. Listings and images are from realtor.com.

On the list, there's a robust mix of offerings from great schools and nightlife to high walkability and public parks. Some areas have enjoyed rapid growth thanks to new businesses moving to the area, while others offer glimpses into area history with well-preserved architecture and museums. Keep reading to see if your hometown made the list.