3/4/2009 10:32:00 AM
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
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.