Best Buy to Close Old Orchard Location
Minnesota based Best Buy will be closing their Old Orchard location in Skokie, Ill., on Feb. 3. The company has been downsizing due to a volatile stock price, scandal and online competitors such as Amazon.com.
Best Buy Old Orchard, which first opened its doors in 2001, will be closing for good come Feb. 3, according to the Minneapolis St. Paul Business Journal. Some locals may describe the 9625 Skokie Blvd. location as prestigious solely on its location. Just across the street from the electronics giant is Westfield Old Orchard Mall, which alone accounts for about 40 percent of all sales tax revenue generated in Skokie. An employee at Best Buy Old Orchard acknowledged the closing, but asked her name be withheld due to corporate policy. "They just decided to shut us down," the employee told Patch. "Most of the items we have are already marked 10 percent off; we're gearing up to clear inventory, yes." When asked whether the closing meant lost jobs…
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Earl Weiss
10:52 am on Sunday, February 3, 2013
They don't always sit vacant. They buy parcels like the 2 that Oberweiss now sits on for about $870,000 each plus pay for demo and environmentakl cleanup and carrying costs so they can sell it to someone like Oberweiss for $400,000 more ›