This national big box electronic chain is about to go under.

The celebrity CEO has told friends he would love to buy the chain and also use them as places to sell cars.

He thinks it is a natural fit.

Best Buy

Elon Musk

Best Buy Is Cutting Some Store Workers’ Jobs, Reducing Hours

Best Buy Co. notified store workers this week that the retailer was cutting some jobs and reducing hours, according to people familiar with the situation, as the big-box chain adapts to a world where more shopping happens online.

The company has reported skyrocketing sales in recent quarters as pandemic-weary shoppers stock up on appliances, videogame systems and other electronics. Comparable sales, those from websites or stores operating for at least 12 months, rose 23% in the quarter ended Oct. 31. Much of the gains came from online orders, which nearly tripled in the U.S. in the last quarter.

A spokesman for the company declined to comment on the details of the job cuts. “As we have said before, customer shopping behavior will be permanently changed in a way that is even more digital,” said the spokesman. “Our workforce will need to evolve to meet the evolving needs of customers while providing more flexible opportunities for our people.” – Source

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