BestBuy has officially announced that it will be closing its retail stores in the UK and its UK website by January 15. The US retailer, which came to UK just two years ago never really managed to get its business off the ground and at the start of this month decided to give up trying. Now, we also have a time frame for its market exit.
Over the past two years Best Buy UK opened 11 stores in the UK in cooperation with Carphone Warehouse and was planning to expand that number rapidly over the following years. However, the disappointing results forced the company to rethink and it’s now going to focus on its business in its homeland.
The good news is that the BestBuy UK stores need to clear out all of their stock by January 15 and so a closing down sale is imminent. So this might be a chance for many to get some hot new gadgetry at a great price.