Best Buy plans on adding up to 1,000 stores focused on mobile

Best Buy plans on adding up to 1,000 stores focused on mobile
Although some would argue that more and more consumers are looking to the internet for their next phone purchase, there are others who still prefer the brick and mortar stores where they can get a chance to actually check out handsets before making a final decision. Best Buy is no stranger in the mobile market – especially when they offer some competitive pricing on their selection without the need for mail-in-rebates. The giant consumer electronics retailer is looking to quickly expand its reach in the mobile space as Brian Dunn, Best Buy's chief executive, has been heard saying that he intends to open “a number somewhere between here and 1,000” standalone Best Buy Mobile stores. They'll primarily target malls that have vacant real estate after the most recent economic downturn could've possibly open the doors to some new ventures. There were even talks about a potential buyout of RadioShack – which currently has a foothold in many malls and shopping locations across the country. As they continue to offer some of the latest devices from the big four major wireless carriers, there will be no shortage of stores to come as smartphones begin to infiltrate the pockets of consumers.

source: Financial Times via Phonescoop

FEATURED VIDEO

4 Comments

1. tiolawa

Posts: 115; Member since: Dec 05, 2009

They should buy Radio Shack, re-brand the stores and change the look and layout.

2. cellgeek82

Posts: 518; Member since: Dec 20, 2009

I sort of agree with you but on the flip side, will they sell the same products that Radio Shack sells? I know that some products are similar but there are still things that Radio Shack sells that Best Buy doesn't. If they're strictly a mobile store then I'm sure they won't have these products. When in comes to radios, GPS devices, scanners, CB, antennas, wires and cables, hardware parts etc Radio Shack is occasionally a great choice. I like Best Buy over Radio Shack anyday but there are still a few things I can find at Radio Shack that isn't at Best Buy. I just hope if Best Buy aquires Radio Shack they at least agree to supply the products that Best Buy hasn't before.

4. rwolf1984

Posts: 536; Member since: Jun 06, 2009

Radio Shack only sells cell phones because it needs something to sell other that the junk that people buy for the Holidays and the other unique electronic, computer and radio parts that it stocks. I think that best buy is better off going off on its own and not buying the dead weight and problems that will come with dealing with Radio Shack. Best Buy has better brand recognition and is a much "healthier" brand than Radio Shack.

3. Homotechual

Posts: 65; Member since: Oct 27, 2009

No! BestBuy has is becoming a monopoly in the Electronic market. Radioshack is pretty much the only other company left and they don't even compare. What happened to the days of Circuit City, CompUsa, Incredible Universe?? I know of smaller franchise like Mircrocenter and Fry's but I don't think Bestbuy has a lot to worry about. Their pretty much the Wal-Mart of electronic stores, to bad their prices don't agree.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.