Earlier this month, it was confirmed by Carphone Warehouse that all 11 Best Buy stores in the UK would be closing permanently. Now in an open letter on the Best Buy website, the company has revealed when those closures will take place.
Both the physical stores and the UK version of the Best Buy website will cease trading on 15 January
βWe've loved bringing our passion for the latest and greatest technology to Britain over the past 2 years, and have always had the utmost appreciation, respect, and commitment to the entire UK marketplace, our customers and stakeholders,β Steve Jensen, MD of Best Buy UK said.
Best Buy Europe was formed back in 2008 when Best Buy paid Β£1.1 billion for 50 per cent in Carphone Warehouseβs retail division. The first Best Buy Europe store opened in the UK just 18 months ago, in April 2010.
While the closure will be bad news for the 1,100 employees, the closure does at least bring good news for bargain hunters. Best Buy UK are offering a wide range of discounts from 10 per cent up to 50 per cent off a range of products as part of its closing down sale.
The largest discounts are limited to DVDs, Blu-rays and CDs but there are other discounts with 10 per cent off the likes of MP3 players and other hardware and 25 per cent off AV equipment.
Source: Best Buy