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Business News Retail
Is Best Buy about to leave the UK?
By CMU Editorial | Published on Monday 7 November 2011
American consumers electronics retailer Best Buy, known in the States for selling all sorts of music products, is planning on shutting all of its UK stores, according to a report in the Sunday Times.
Best Buy only arrived in the UK in April last year and now has eleven stores across the country. A spokesman for the retailer’s UK parent company Carphone Warehouse (which is, in turn, half owned by Best Buy US) told reporters: “We always said we would open eleven stores and then conduct a strategy review. We are now conducting our evaluation with our partners and will provide an update in due course”.
The Times reckons an announcement to the effect that Best Buy will withdraw from the UK market could come as soon as tomorrow. It’s thought Mini Best Buy departments may be introduced in larger Carphone Warehouse stores, selling some non-mobile based gadgets.
