10/14/2008 6:44:00 PM
Carphone reveals details of first five Big Box stores
Carphone Warehouse delivered its first results in partnership with BestBuy this week from Chicago.
The first five of 200 Best Buy stores will open in the UK next summer as the start of a £90m investment between the two companies.
Carphone will start securing sites in the coming months and work on the large 30,000 sq ft formats ahead of the ‘Big Box’ stores selling a broad range of electrical products and take on Curry’s and Comet.
Contract sales were up 21% between July and September despite the slow market. The company said it focussed on retention rather than new customers.
Margins suffered as contract sales were largely fuelled by mobile broadband – less lucrative per sale compared to normal phone contracts.