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Best Buy-bye: Retailer bids farewell to the UK with blowout sale
While Americans plow through their cash and cards, lapping up the litany of Black Friday specials -- and readying themselves for the inevitable Cyber Monday second wave -- it looks like our trans-Atlantic cousins will also get a taste of discount joy. After a brief 18-month stint, Best Buy UK is packing its bags, and it wants to travel light. Both the online and physical stores will see prices snipped by between 10 and 30 percent, though we don't know whether this will extend to Best Buy's full product line or simply less desirable devices. Either way, the brick-and-mortar stores have been closed over the weekend in preparation. Bargain-hunting Brits should be able to grab some some cut-price Christmas treats when the eleven stores reopen on Monday. [Thanks Jason and Thomas]
Best Buy to close UK operations, 1,100 jobs in jeopardy
Best Buy Europe, the joint venture between Best Buy Inc. and Carphone Warehouse, has been shuttered after just 18 months in business. In that short amount of time, it lost £80 million ($127 million), largely due to consumer belt-tightening and increased competition from cheaper online retailers. Up to 1,100 jobs will be lost at the eleven UK stores currently open in Thurrock, Bristol and Wolverhampton, among other locations, bringing to an end the company's ambitious plan to open 200 stores across Europe. At the same time, the US giant declared it would buy out its European partner's stake in the Best Buy Mobile chain as it continues to pull out of unprofitable foreign operations. Update: We've got some more on what this deal means. Buying out Carphone Warehouse is gonna cost $1.3 billion plus $8 million annually for five years. The two aren't splitting up for good, since they're also starting another joint venture called Global Connect (good luck with that one, fellas). Separately, the company announced it was grabbing mindShift technology, a cloud service provider for small and medium-sized enterprises for a cool $167 million. [Thanks to everyone who sent this in]
Best Buy breaks opening weekend sales volume record with UK debut
As it turns out, last weekend wasn't just momentous for the fact it put Thurrock on the map (any map!). Best Buy got in touch with us today to tell us its first UK store has racked up the highest number of opening weekend sales in the company's history. During our own visit to the store, we saw thousands flooding in and out, no doubt attracted by the novelty and deep discounts on offer from Best Buy. Notably, while this is a record in terms of volume, no such claims are mentioned relative to revenue or profit, suggesting the company was shooting to attract as many customers as possible, in hopes of recouping any opening day losses in repeat custom down the line. Given the feedback from one shopper, who came in for an Avatar Blu-ray disc and left with a pair of Wii consoles and a hard drive, that might not be such a bad strategy. Full PR after the break.
Best Buy opens first UK store in Thurrock, we go hands-on (video)
Ah, there it is, UK's first-ever Best Buy store, officially born at 7am local time yesterday. Naturally, we had to be there to witness such magical moment for Britain's consumer tech market -- the Brits had longed for an injection of energy and professionalism to the seemingly slacking chain stores. Many would agree that DSGi's two main brands -- Currys and PC World -- are on the naughty list, even after their recent relaunch. From what we saw today, it looks like Best Buy's already heading in the right direction. Let's start with the front-line employees. Most of these Blueshirts provided genuine technical answers rather than bluffing their way out, plus we were given product recommendations with no desperate sales pitch as commonly seen in other stores. When we revealed our identity to one of the sales reps, he confirmed that they were trained to not force random products onto customers -- quite the opposite culture to his old days at DSGi (assuming he was telling the truth). We sure did appreciate this new-found shopping freedom in gadget stores, but did the other customers feel the same way? Find out what we heard after the break.%Gallery-92099%
Geek Squad visa application approved, Best Buy opening stores in UK
We know you're worried about what could happen; we saw that Liam Neeson movie too, the one where the daughter goes abroad and gets kidnapped and only after killing 351 people does he get her back. Taking trips to Europe can be risky, but our Best Buy is old enough and responsible and can take care of itself, so we're okay with it taking a trip to the UK next year... even though we don't know exactly where it'll be landing. It's been talking about going for so long it'd be a shame to say no now. Yes, it'll be packing its blue shirts and yellow name tags so everyone will know what it is, and once it gets there sometime next year we're sure it'll call and tell us which franchise location will be first. So until then just try not to worry -- and maybe sign it up for some self defense classes or something. [Thanks, Adam]
