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roger taylor

  1. Best Buy Failing in the U.K., Closing Its Stores and Getting Out

    Despite big plans to open up 100 stores in Great Britain and take all of Europe by storm, Best Buy has failed in the U.K. and is now closing the 11 stores it actually managed to get open because they have been hemorrhaging money. In a statement, Roger Taylor, CEO of the Carphone Warehouse Group, a company partnered with Best Buy in the U.K. venture, put it this way:

    “The eleven Best Buy UK ‘Big Box’ stores have performed exceptionally at the level of customer satisfaction, but they do not have the national reach to achieve scale and brand economies. Due to the lack of visibility of an acceptable rate of return on historical and future potential investment, we have decided against rolling out more ‘Big Box’ stores and we will be closing our existing stores, subject to consultation with our employees.”

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