Deathwatch: Best Buy pack up and go back to the USA
They came, they saw, and now they’re going away again. ‘They’ are Best Buy, the giant American electrical retailer, who have announced the closure of their 11 ‘big box’ UK stores, with 1,100 workers affected.
The store network was a joint effort with Carphone Warehouse and they say that staff will be redeployed. Latest results show that the venture made an £80m loss this year as plans to create a network of more than 200 UK stores failed to ever get going.
The stores that will close are in Aintree, Bristol, Croydon, Derby, Enfield, Hayes, Hedge End, Merry Hill, Nottingham, Rotherham and Thurrock. With Argos and Comet also in dire trouble, it remains to be seen what happens to the electrical retail market after this.