Business Insider reported today that Best Buy, fresh off news of less-than-stellar 4th quarter earnings, plans to downsize its operations by shuttering 50 retail locations and laying off approximately 400 employees. In addition, the company plans to focus more attention on mobile phone sales and profit from commissions paid from wireless carriers.

Like independent car stereo retailers, the article noted the effects of "showrooming" on Best Buy, with consumers viewing and demonstratng products in-store and buying online,

To see more, go to http://finance.yahoo.com/news/best-buy-shutter-50-big-120457157.html.