Best Buy Closing UK Stores
The first Best Buy UK store opened in May 2010 in Thurrock, Essex, breaking its own sales record on the first day of opening. Since then the chain has opened stores in locations including Bristol, Hayes and Nottingham.
The stores, which are part of a joint venture between Carphone Warehouse in the UK and the US electronics giant Best Buy, made losses before tax of £46.7m in the half-year to September 30.
The UK closures are expected by the end of the year, subject to consultations with employees.
Andrew Harrison, CEO of Best Buy Europe, said: "After conducting a thorough strategic review of our operations, we believe that our capital investment and 'connectivity' strategy should be prioritised within our Carphone Warehouse stores as they offer a higher and proven rate of return.
"The technology world has changed substantially since 2008 and we are confident we will best serve our customers by investing in a single brand and format rather than two."
Posted:
Source: http://www.computerandvideogames.com/325296/best-buy-to-close-all-uk-stores/
Related Articles
Comments
Latest Downloads
- 01. Supermarket Simulator SaveGame (Quick start, 172 day, 65lvl)(0)
- 02. Caribbean Legend: SaveGame (before the start of the Dutch Gambit)(0)
- 03. Caribbean Legend: SaveGame (Passed the Secret Organization Gambit) [v1.0.0](0)
- 04. Jalopy: SaveGame (Pumped up LaikaGT)(0)
- 05. Assassin's Creed 3: Save Game (Game completed 8%, until Chapter 4)(3)
- 06. Supermarket Simulator: SaveGame (Quick start, 172 day, 65lvl)(0)
- 07. GoreBox: SaveGame (Ancient village of the Paleozoic era)(0)
- 08. Need for Speed: Most Wanted (2005) - SaveGame (0% career, 2 BMWs in the garage)(0)
- 09. [EU] CARX DRIFT RACING ONLINE - PROGRESS SAVE 6 SP DUO (CUSA15633)(6)
- 10. Fallout Shelter Modded Save PC(3)
- 11. Remember Me: SaveGame (The Game done 100%)(0)
- 12. The Long Drive: SaveGame (American pickup)(0)
- 13. Goemon's Great Adventure (US / NTSC) - Nintendo 64 Game Save(2)
- 14. The Long Drive: SaveGame (blue VW Beetle)(0)
- 15. Deadly Creatures | Complete Savegame(1)
Latest Tutorials
- 01. The Redress Of Mira 100% Walkthrough | Trophy & Achievement(534)
- 02. Russian Pinocchio Quick Trophy Guide(640)
- 03. Venatrix Quick Trophy & Achievement Guide(642)
- 04. Call of the Sea 100% Platinum Walkthrough(737)
- 05. Wire Lips 100% Platinum Walkthrough(735)
- 06. The Expanse 100% Platinum Walkthrough | Trophy & Achievement(692)
- 07. Doctor Who: The Edge of Reality - PS4 Platinum P/Thru(616)
- 08. Doctor Who:The Lonely Assassins - 100% Guide(554)
- 09. DAYMARE 1998 PS4 - Full game 100% TROPHY WALKTHROUGH(524)
- 10. Stray Platinum Walkthrough | Trophy & Achievement Guide(531)
- 11. Raji: An Ancient Epic | Complete Gameplay Walkthrough(689)
- 12. Corpse Killer: 25th Anniversary Edition - Longplay(703)
- 13. Song of Horror: Complete Edition Gameplay Walkthrough(451)
- 14. Remoteness 100% All Trophies Walkthrough(711)
- 15. Detective Inspector Mysterious Clues Platinum Walkthrough(593)
"Best Buy Closing UK Stores" :: Login/Create an Account :: 1 comment