Tag Archive: Warehouse

Last May, leading U.S. consumer electronics retailer Best Buy and Britain’s Carphone Warehouse announced a partnership, which saw Best Buy taking a 50 percent stake in Carphone Warehouse, which operates some 2,4000 retail locations in nine European countries. Now, even amidst the current dour economic climate, the companies are expected to push ahead with their partnership, potentially announcing some 200 new UK retail locations next week as they try to make a bold move on Europe’s consumer electronics market. However, some industry watchers say the 200-location figure is too high, and that the partnership will start out with a smaller number of new retail locations.

Best Buy has big plans for Europe. The economy might not be good, but that hasn’t stopped the US retailing giant from paying a cool $2.1 billion to acquire a 50% stake in the bricks and mortar operation of Britain’s Carphone Warehouse, which operates 2,400 stores in nine European countries, selling mobile phones as well as plans for many different networks.

All those stores will keep their names and continue in business, even as Best Buy and Carphone Warehouse team on new stores under the Best Buy banner which will feature a full range of electronics and appliances – with a Carphone Warehouse boutique shop inside.  Read more...