Best Buy to Close UK Stores

November 7, 2011 -

According to InternetRetailing.net, Best Buy will close all of its stores in the United Kingdom. Best Buy has 11 retail outlets in the country. It first started opening these stores almost 18 months ago. The stores are a joint venture between Carphone Warehouse in the UK and the US electronics giant Best Buy, showed a loss before tax of £46.7m in the half-year to September 30, according to C&VG. The first Best Buy store opened in May 2010 in Thurrock, Essex. Stores in locations including Bristol, Hayes and Nottingham opened shortly thereafter.

"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," Andrew Harrison, CEO of Best Buy Europe said. "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."

The stores are expected to close by the end of the year.

Source: Internet Retailing by way of C&VG

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Mattsworknameour concerns about them were well founded.07/28/2015 - 7:50pm
MattsworknameDepends on who you ask, accountable fto it's audiance, accountablie for lies and half truths, accountible for disengenous statements, everyone had there own reasons for going after them. Although in the case of gawker, recent events seem to indicate that07/28/2015 - 7:50pm
Andrew EisenAccountable for... what, exactly?07/28/2015 - 7:48pm
MattsworknameI think the intent was to force some kind of accountabilty on them. Granted As I said ,i wasn't exactly big on the ideas of attacking advertisers but it's a common and well used tactic. Sadly, theres not many other ways of holding media sites acountable07/28/2015 - 7:47pm
MechaTama31With the goal of...? Getting those media outlets to fire or silence the "scum"? That's shitty.07/28/2015 - 7:44pm
Mattsworknamewarned about the scum there assoicating with. Looking at you GAWKER media07/28/2015 - 7:37pm
MattsworknameI think the only reason it was the first action was alot of people felt it was the only option that might have an actual impact. and to be honest, i don't see how they were exactly wrong. Plus, as recent events showed, soem times adverisers need to be07/28/2015 - 7:37pm
MattsworknameTo be honest, I was always kinda on edge about that, while I did not like that those news outlets had acted in the way theey did, i didn't like that we thought boycotting and advertiser attacks were the only recourse07/28/2015 - 7:36pm
MechaTama31And after AE questioned that same analogy, I described it as extreme hyperbole.07/28/2015 - 7:36pm
E. Zachary KnightMecha, The "bullying and threatening" thing is from an earlier shout by Matt. I asked you tht question because you compared the petition to someone threatening to shoot your child.07/28/2015 - 7:35pm
Andrew EisenBy the way, if anyone can see into alternate timelines, I've got $20 that says Target would have ignored the petition had it been presented at the game's launch instead of over a year later.07/28/2015 - 7:34pm
MechaTama31Write a "Gamers are Alive" article. Make a video highlighting positive things about games. Counter your opponent, don't try to silence them.07/28/2015 - 7:33pm
MechaTama31EZK: Who exactly are you quoting with "bullying and threatening"? But yes, I think attacking someone's livelihood because you disagree with their opinion is underhanded and damaging to discourse.07/28/2015 - 7:30pm
E. Zachary KnightOh no. A successful online petition could embolden people to do... what exactly? Do another online petition?07/28/2015 - 7:30pm
Andrew EisenToo bad the counter petition wasn't as popular. But again, yeah, it sucks. For the reasons I've stated over and over now.07/28/2015 - 7:29pm
MechaTama31otherwise want to.07/28/2015 - 7:27pm
MechaTama31AE: I mean like right and wrong, not like true and false. And even the perception that the petition worked could be damaging. It could embolden these types of people in the future, and make it less likely for a retailer to puch back even if they otherwi07/28/2015 - 7:27pm
Andrew EisenBut yes, it is a damn shame that Target decided to kowtow in this case, best business decision or not.07/28/2015 - 7:27pm
Andrew EisenNo one's free expression was impinged. Anyone is welcome to petition whatever they want. Anyone is free to counter petition (and did in this case). Target was free to make it's own decision on whether to continue to stock GTA V or not.07/28/2015 - 7:26pm
E. Zachary KnightMatt, Mecha, So, if a petition asking a store to not sell a game is "bullying and threatening" is a petition asking Intel to pull ads from Gamasutra "bullying and threatening"?07/28/2015 - 7:25pm
 

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