Category: Best Buy

In a press release US retail chain Best Buy has announced that it is to sell the rights to the use of the Best Buy operations in Europe to its partner Carphone Warehouse but does this mean a return of the stores to the UK?

Carphone Warehouse is to close all of its 11 Best Buy stores across the UK, the company has announced today.

Fox News and other sources are reporting that Best Buy is likely to abandon its British megastores next year, retreating from an overseas expansion plan that has been stymied by a global recession and cultural differences in how people like to shop.

Mobile phones seller Carphone Warehouse could be realising that entering a market in which established operators such as Dixons and Comet are already struggling may not have been a smart idea, with the group’s Best Buy UK group suffering larger losses than anticipated.

Best Buy in the UK is reported to be close to shelving its expansion plans after a sharp downturn in consumer demand for electronic and electrical goods.

The US electricals store Best Buy have launched an online shop in the UK to take the fight to its rivals Currys, Comet and Argos on to the web. Best Buy, which opened its first UK store in May and now has five, will deliver across the UK, but not in the Channel Island or the Isle of Man. The elec…

Best Buy’s plans to capture a huge slug of the UK electricals market have suffered a massive blow with the departure of Paul Antoniadis, its UK brands chief executive, just three months after launching the first stores in this country. Three stores have opened across the UK this year – in Thurroc…