Best Buy Co. Inc. has revealed last week that it is planning
to massively expand its devoted areas with the concept of “store-within-a-store”
in which it is going to open stores of Sony in some 350 Best Buy locations and also
adding 500 stores of Samsung. It has been said that till June 2014 each
Samsung, Pacific Kitchen, Magnolia, Microsoft and Sony will be occupying their
own domain in the Best Buy. A retail company tracker newspaper Robin Report’s CEO
Mr. Robin Lewis has expressed that in his point of view Best Buy is one of the
most brilliant companies that has managed its strategies synchronized on a
similar distribution policy with other strong brands.
In almost 1000 Best Buy locations of the country Samsung is
already selling its smartphones, tech gear, tablets etc. However, the 500 new
areas that are being dedicated to Samsung will be working separately in order
to showcase latest television of South Korean electronics giant which include Ultra
high definition TVs. Similarly, the 350 new locations of Sony that is called
the “Sony experience at Best Buy” will highlight play-stations, Japanese
electronic, home theaters etc.
Gary Smoliak and Richard M. Schulze founded the
Multinational consumer electronics corporation Best Buy in 1966. The company is
now operating internationally. The historical
stock graph of BBY can be seen continuously increasing. The company trades
under NYSE while the stock symbol of Best Buy is BBY. Today’s stock price of BBY can be
seen varying from $20 to $26. As like other companies, a decrease can also be
seen in the stock chart of BBY but
it again managed its stock prices.
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