Best Buy Co. Inc. (BBY) is a multinational specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. The company operates retail stores and websites under the brand name Best Buy.
As per a Business Journal Report, Best Buy intends to employ a strategy of concentrating more on its smaller mobile stores, online sales and expansion in China with less and less reliance on big-box stores.
Best Buy targets cost saves of $70 million-$80 million through the strategy and estimates a reduction in square footage at its U.S. big-box stores by 10%, in three to five years down the line.
Best Buy expects to put up for sale 10 million connections in fiscal 2012, mainly at the mobile stores. The connections are related to mobile phone, home broadband, mobile broadband and video service units. The company expects to have 600-800 Best Buy Mobile stand-alone stores by
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Genelle Frenoy Shania Twain Gwen Stefani Sunny Mabrey Karolína Kurková
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