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Best Buy to shutter 250 mobile phone stores

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Best Buy plans to close 250 small mobile phone stores in U.S. malls.

The stores contribute 1 percent to Best Buy's overall revenue and 1 percent to its total square footage.

The Minneapolis-based retailer announced the stores will close effective May 31. Best Buy will continue to sell mobile phones online and at its big-box stores.

Read more from Reuters.

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