Tag Archives: best buy

Best Buy hunts UK employees

CVs AT the ready – US retail superpower Best Buy has confirmed to MCV that it is looking to recruit far and wide as the firm builds its business in the UK and Europe. In May, the American electronics giant announced a partnership with Carphone Warehouse to establish its brand …

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Best Buy profits plummet

US electronics chain Best Buy has reported its 2009 Q3 fiscal results, with revenues jumping 16 per cent to $11.5 billion for the week ending November 29th 2008. The revenues jump follows the opening of 181 new European stores over the past 12 months, however, earnings have plummeted year-on-year from …

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Best Buy to miss FY guidance as sales decline

Best Buy has lowered its guidance for the fiscal year due to falling consumer spending, driven by ‘the recent turmoil in the financial markets and other macro economic factors’. "Since mid-September, rapid, seismic changes in consumer behavior have created the most difficult climate we’ve ever seen. Best Buy simply can’t …

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Up to 200 Best Buy stores coming to Europe in ’09

Best Buy’s European invasion will consist of between 100 and 200 stores launched over the next five years, the retailer revealed in a joint announcement with its partner The Carphone Warehouse today. And it looks like the UK will be getting the bulk of the superstores – the first of …

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Best Buys UK invasion gathers pace

The Carphone Warehouse has moved to dismiss reports that its stores will be selling video games consoles from today – whilst promising information on its new giant Best Buy outlets later this month. US retail goliath Best Buy announced a 1.1 billion investment in Carphone Warehouse in May this year, …

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First UK Best Buy stores unveiled

Best Buy looks set to go head-to-head with DSGi after it emerged that one of the launch locations would be the same retail park that its UK rival is currently trialling its big box format store in. The locations of the first four stores are Bath Road Retail Park in …

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DSGI shares fall to new low

Shares in DSG International fell to 46p last Friday as it prepared to reveal its results this Thursday, according to the Independent on Sunday. Shares have fallen from a high of 176p over the past few months following two profit warnings, with chief executive John Browett already stating that pre-tax …

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UK games customers get a raw deal

After announcing that it is set to bring US and electronics retail behemoth Best Buy to the UK , The Carphone Warehouse has told MCV that existing European retail outlets are failing their customers. Earlier this month, the firm announced that it had invested 1.1 billion in Best Buy – …

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Best Buy eyeing DSGi and Comet?

MCV’s sister site PC Retail reports that the chief executive of the mammoth electronics specialist has gone on record to speak about Best Buy’s plans in the UK, with a possible bid for DSGi and Comet among the options. Head over to PCR’s site for the full story.

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Best Buy set to invade UK

Best Buy – the massive US electronics retail chain with a large games selection – is set for a massive expansion into the UK and the rest of Europe next year. The news follows a deal between the chain and The Carphone Warehouse, which has sold 50 per cent of …

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