Carphone and Best Buy delay launch of first UK store

Carphone and Best Buy delay launch of first UK store

 

Carphone Warehouse and US electronics retailer Best Buy have delayed the launch of their first UK store until 2010, according to reports.

  

The joint venture, which had planned to open their first store in summer 2009, has postponed the launch until Q1 2010 as it makes more ‘commercial sense’, Carphone finance director Roger Taylor told the Financial Times.

  

Taylor said tough economic conditions meant it was more ‘sensible’ to wait for better sites and stressed that the move was unrelated to Best Buy’s woes.

  

Carphone announced last week that it would cut 450 jobs as the financial crisis bites. It is also closing stores to make way for its new ‘Wireless World’ format. Best Buy issued a profits warning in November 2008.

 

Written by Mobile Today
Mobile Today

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