buy.com

(BUYX)

was up 15.4% in early trading after announcing a restructuring that will eliminate 125 jobs.

It will also result in a first-quarter charge of $32 to $37 million.

The online retailer said it will get out of the golf business and close its sports store. The company also said it will issue new guidance based on the restructuring.

The stock, which is trading near its low of 38 cents, peaked at $35.44 just a year ago.