Best Buy Restructures In China

MINNEAPOLIS (TheStreet) -- Best Buy said it plans to restructure its branded operations in China and Turkey and focus new store openings in fiscal 2012 on its mobile business in the U.S. and its Five Star business in China. Best Buy, in a press release, said it will record charges of $225 million to $245 million during fiscal 2011 and 2012 from the restructuring.

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