Tweeter is closing 49 locations, joining the ranks of stores capitulating to competition from Best Buy and Walmart. The restructuring will leave the consumer electronics retailer without a presence in California, Tennessee, Alabama, or New York. According to CEO Joe McGuire, surviving Tweeter locations will sport Consumer Electronics Playgrounds offering high-end home theaters.
“Since our Playground stores are clearly resonating with consumers and articulate our vision so well, we will continue to execute this concept in our remaining 97 traditional stores by taking what we have learned from our current Playground stores and rolling it into our existing fleet.”
Stores on the chopping block will immediately offer liquidation sales. The complete list of closures, inside.
