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Business News Retail
Best Buy have big first weekend in Britain
By CMU Editorial | Published on Wednesday 5 May 2010
US electronics retail giant Best Buy arrived in the UK at the weekend, with its first British store opening in Thurrock on Friday, and it seems the first weekend all went rather well. The out-of-town retailer’s CEO Of Branded Operations, Paul Antoniadi, told reporters: “Today is on track to be the biggest ever opening day for a Best Buy store anywhere in the world by volume of sales. Everyone on the Best Buy team is delighted with the start of this new chapter in Best Buy’s story”.
Unlike most UK electronics retailers, Best Buy also stock entertainment products like CDs, DVDs and games, meaning they compete with the HMVs and Games of this world as well as shops like Currys. However, in an interview with Music Week this week, HMV boss Simon Fox played down the threat of the new competitor, arguing that he doesn’t think British consumers will trek out of town to big warehouse-style stores if its CDs they are looking for.
