Best Buy: Rising with stores-within-a-store

Best Buy Co., Inc. is a worldwide retailer of customer electronics, computing and mobile phone products, entertainment products, appliances and related services. Best Buy Co., Inc. operates retail stores and call centers. They also conduct online retail operations under a range of brand names, which include Best Buy (BestBuy.com, BestBuy.ca), Best Buy Mobile (BestBuyMobile.com), The Carphone Warehouse (CarphoneWarehouse.com), Five Star, Future Shop (FutureShop.ca), Geek Squad, Magnolia Audio Video, Pacific Sales and The Phone House (PhoneHouse.com). During the fiscal year ended March 3, 2012, the company operated in two divisions: Domestic and International. During this year, it opened 135 new stores and closed five stores in its Domestic division. It also opened 219 new stores, within its Best Buy Europe and Five Star operations, and closed 114 stores in its International segment, within its Best Buy Europe business.

The stocks of Best Buy Co., Inc. continued its rise for the past days with Best Buy Co., Inc. share prices rising by 0.50%, i.e. $26.15 in the May 2 closing. Just recently, Shawn Score, the president of US retail stores in Best Buy Co., Inc. has retired from its position after almost three decades of service in the company. Shari Ballard, the head of human resources for Best Buy, will succeed him. Recent Best Buy Co., Inc. stock news shows that the growth is caused by increased investor confidence due to the signing of new store-within-a-store deals with Samsung and Sony. BBY stock news said Thursday that it plans a massive expansion of its “store-within-a-store” concept, with Sony opening stores in 350 Best Buy locations and Samsung adding 500 new stores to its presence within Best Buy.