BEIJING (AP) -- Electronics retailer Best Buy says it plans to add 40 to 50 outlets of its Five Star chain in China and will close nine Best Buy-branded stores.
The U.S. retailer said Tuesday the changes are part of a restructuring aimed at improving its growth in China's expanding consumer market.
Best Buy Inc. says the number of Five Star outlets in China would increase to about 210 by the end of fiscal 2012. The Minneapolis-based company says it will explore more profitable options for its Best Buy-branded outlets and plans to reopen two of them.
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