August 11, 2008

Best Buy May Roll Out 200 Stores in UK

US-based consumer electronics retailer Best Buy, in partnership with the UK-based telecom retailer Carphone Warehouse, plans to roll out nearly 200 stores in the UK, reported the Financial Times.

The new expansion strategy from Best Buy is expected to generate strong competition for local players like DSG International.

Previously, Best Buy and Carphone have announced a GBP1.1 billion deal in which Best Buy would own a 50% stake in a joint venture with Carphone.