Local News

Fukuoka City-based consumer electronics mass merchandiser Best Denki said they would close from 50 to 70 of their 218 directly operated sales outlets by February 2012. That would mean as many as 30% of their shops would shut their doors. They also plan to lay off several hundred employees. The company says the steps are required because they project 30.1 billion yen in net losses on their consolidated report for the year ending February 2010.