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Best Buy's Q2 sales jump 20 percent; will downsize Sam Goody stores

The addition of 76 stores in the past 12 months has led to a 20-percent increase in second-quarter sales for the nation's leading consumer electronics retailer, Best Buy Co. Inc., Eden Prairie, Minn. The increase includes sales from the company's Future Shop locations, which were acquired in November

of last year. Same-store sales met the company's expectations, rising 2 percent. In other news, Best Buy intends to downsize its Sam Goody mall stores as a result of lower-than-expected performances in recent months. The company intends to close some of the stores altogether and shrink others to a smaller size.

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