Best Buy to close stores in the UK

Carphone Warehouse has confirmed plans to close its eleven Best Buy stores here in the UK due to a lack of profit. Carphone Warehouse and Best Buy initially planned to open 200 Best Buy stores across the UK and continental Europe. Sadly that will not now happen.

Carphone Warehouse said the focus would now be on selling more electronics goods from Best Buy Europe’s 805 Carphone Warehouse stores in the UK, and 1,648 Phone House shops in continental Europe.

“Best Buy believes that there is a significant untapped opportunity as connections migrate from phones to other connectable devices such as tablets, laptops, TVs and eReaders. This transaction will enable Best Buy Mobile to accelerate the deployment of operational and connectivity expertise to these devices and for Best Buy to fully capture the profit potential of these opportunities” Best Buy

Posted by: James