Best Buy UK announce closing down sale. Apart from maybe a cheap toaster, what does that mean for you?
It didn't quite work out for Best Buy UK who only opened their first UK store in April 2010. They have announced that following "employee consultation" (although, we do wonder how many employees actually would have agreed to their job being lost in a consultation with their employer) they will cease trading in their UK stores and website by 15th January 2012.
They also confirm that they will be shutting their stores this very weekend to prepare for a closing down sale which will be held on Monday 28th November 2011. Our deal ninjas over at HUKD are already dusting off their wallets in readiness. The sale will also cover online orders as well as instore.
For the (apparent) few that have actually been making use of Best Buy, some important points to consider:
Gift cards - all current giftcards will need to be used before the stores close on 15th January 2012. Best Buy will no longer be selling gift cards as of 26th November 2011.
Service plans - existing plans will still be covered by Aviva so you can claim as per the terms of the policy. Best Buy will not be offering any new service plans but you can take out a plan for purchases made before 26th November 2011 as long as it is within 30 days.
Manufacturers warranty - this is a warranty extension purchashed from Best Buy and they say that they will still deal with existing warranty requests. There is never any harm in approaching a manufacturer direct but there will be times when a manufacturer will be reluctant to replace a product due to you not having a contract with them. You can still contact Best Buy to report a problem but there is not yet any word on how these requests will be dealt with.
Product installation - any installations which have already been booked will be completed. However, there will be no further installations after 26th November 2011.
Existing finance - finance agreements will not be affected and will continue to run with Hitachi Capital Consumer Finance (if applicable).
Deliveries - all deliveries will be completed. Orders can still be placed online for delivery.
Existing repairs - any existing items will be repaired as agreed.
It seems a shame that the UK didn't embrace the "big box" stores but in a market already saturated with the likes of Currys, Comet etc it seems it really wasn't that much of a surprise.