BEST-BUY SIZES UP 30 STORES FOR UK LAUNCH

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BEST-BUY SIZES UP 30 STORES FOR UK LAUNCH

 user 2009-04-21 at 11:23:48 am Views: 43
  • #21986
    http://www.guardian.co.uk/business/2009/apr/19/retail
    Best Buy sizes up 30 stores for UK launch
    Best
    buy is in advanced talks to open in the region of 30 UK outlets as the
    American giant prepares to enter the market with all guns blazing next
    year.

    The retailer will
    launch stores in tandem with its website when it finally lands in the
    UK next spring. “We are delighted with the number of sites that are
    becoming available,” said the chief executive of Best Buy’s
    international operations, Bob Willett, who was in London last week
    ahead of Wednesday’s fourth quarter trading update from partner
    Carphone Warehouse.

    Best Buy joined forces with Carphone last
    year, buying a 50% stake in the retail arm of the British group for
    £1.1bn. But given the tough climate on both sides of the Atlantic,
    Willett said the current focus was to “sweat existing assets”, with
    more Best Buy products set to flow into Carphone’s existing stores. Its
    computer accessories brand Rocketfish is set to launch in the UK while
    Carphone will help strengthen its mobile phone business in its Canadian
    stores.Willett said: “Up to a third of our business will be done on the
    web, so you don’t need hundreds of stores.”The consumer electronics
    retailer specialises in laptops, TVs and consoles.