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Best Buy informed its employees on Wednesday of plans to close all 250 of its mobile standalone stores in the United States by the end of May, a company spokesperson confirmed. The stores are predominately located within malls and are much smaller than Best Buy's big box stores. The mobile standalone shops are mostly used for the sale of cellphones and accessories. These locations do not sell some of Best Buy's bigger ticket items such as televisions, computers and appliances. The standalone stores are only responsible for 1 percent of Best Buy's overall revenue.Although thousands of employees will be affected by Wednesday's announcement, the company said the goal is to transfer employees currently working in standalone stores into Best Buy's big box locations. Best Buy said that 85 percent of its standalone stores are within 3 miles of a big box store. "Employees will have three months to work with internal recruiters, and field and store leaders across the country are rallying to help transition employees to big box stores and open in-home advisor roles," Best Buy CEO Hubert Joly wrote in a letter to employees, and shared with Scripps. "For those who leave the company after May 31, we will give them severance and assist them in finding roles outside Best Buy."Despite Best Buy closing its mall locations, the big box stores will continue selling cellphones and accessories. "We feel good about the opportunity to retain customers and transition them to another one of our sales channels. In summary, we are very excited by our Mobile business and its prospects for growth," Joly wrote. 1666
Bed Bath and Beyond said on Wednesday it plans on closing approximately 200 locations nationwide over the next two years.The news comes after the company temporarily closed 90% of its locations nationwide during the coronavirus pandemic, which resulted in a 77% drop of in-store sales in the spring quarter of 2020.Bed Bath and Beyond said the move to close 200 locations will right-size its real estate portfolio. The loss of 200 stores will result in a 15% reduction in the company's footprint. 505

BONSALL (CNS) - A North County high school student was arrested on suspicion of making a specific threat to shoot up a planned school event, authorities reported Friday.Bonsall High School officials called the San Diego County Sheriff's Department around 10:40 a.m. Wednesday to report that a student possibly had a gun at the campus on West Lilac Road, sheriff's Lt. Ricardo Lopez said.Deputies responded and learned that the student "had made specific threats to commit a shooting at a planned school event in the near future," Lopez said. "These threats were substantiated through the investigation and after interviewing the suspect."NEWS HEADLINES: Vista school district votes to remove school resource officersDeputies searched the student and did not find a gun on him or anywhere on the campus, but they detained the boy and removed all known firearms from his residence, Lopez said.A second student was also possibly involved in the threat, but after further investigation Thursday deputies determined those claims were unfounded."There is no credible information that any other students are involved," Lopez said.NEWS HEADLINES: Police officials continue investigation into shooting at California high school that killed 2On Thursday morning, as San Diego County Sheriff's deputies were investigating the threat made at Bonsall High School, a 16-year-old boy allegedly shot five classmates at Saugus High School in Santa Clarita, northwest of Los Angeles.The shooting killed a 16-year-old girl and a 14-year-old boy, wounded three other students and left the shooter gravely injured from a self-inflicted gunshot wound. 1637
Bruce Ohr, the career Justice Department official targeted by President Donald Trump as a "creep" and a "disgrace," will face a grilling by Republican lawmakers Tuesday on Capitol Hill.The closed-door session is expected to focus on Ohr's relationship with Christopher Steele, the British spy behind the dossier that included salacious and unverified intelligence on Trump and Russia. It is an unlikely turn in the spotlight for the nearly 30-year veteran of the Department of Justice, who has built a reputation as the "consummate government servant" and an expert on global organized crime.Little is known publicly about the extent of the relationship between Ohr and Steele, but some House Republicans who are vocal critics of the Russia investigation have seized on it as proof of an untoward connection between government officials and the roots of special counsel Robert Mueller's investigation. 909
Boeing will cut more jobs as it continues to lose money and revenue during a pandemic that has smothered demand for new airline planes. The company said Wednesday that it expects to cut its workforce to about 130,000 employees by the end of next year, down 30,000 from the start of this year. That is far deeper than the 19,000 reductions that the company announced three months ago."The global pandemic continued to add pressure to our business this quarter, and we're aligning to this new reality by closely managing our liquidity and transforming our enterprise to be sharper, more resilient, and more sustainable for the long term," said Boeing President and Chief Executive Officer Dave Calhoun in a news release.Boeing is updating its plans for jobs on the same day it's reporting a 9 million loss for the third quarter, a swing from the .17 billion it earned in the same period last year. Calhoun added that revenue in the third quarter for commercial airplanes was decreased to .6 billion due to COVID-19 lowering delivery volume.According to CNN, Boeing's shares dropped about 2% on Wednesday.The loss was narrower than analysts expected, however. Revenue tumbled 29% to .14 billion. 1210
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