Best Buy to close 50 stores in the U.S. and 11 in the U.K.

Selling consumer electronics isn’t as easy as it used to be for Best Buy. The big-box retailer is closing 50 stores and compensating employees based on customer service after its fiscal fourth-quarter sales fell short of expectations. The company today reported a fiscal fourth-quarter net loss of $1.7 billion, on revenue of $16.63 billion, up …