Best Buy Archives - Inside Retail Asia

Surprise Best Buy acquisition of GreatCall ‘logical evolution’

Neil Saunders, MD of GlobalData Retail, describes Best Buy acquisition as “a logical evolution” for the company.

Trump tariff plan draws backlash from US retailers

Failing US president Donald Trump is facing widespread backlash from US retailers and brands over his intention to trigger a trade war with China and other nations.

Nitori China opening flagship in Shanghai

Nitori China plans to open a flagship store in Xujiahui, Shanghai.

Drone maker DJI goes to Washington

Chinese drone maker DJI is about to open its first “authorised retailer” outlet in Washington state, US.

D-stores to discounters: US shoppers are moving

US shoppers will move from department stores to discounters en masse this coming holiday season, according to a survey by Conlumino.

Apple sales stumble shrouded by record profit

While it seems harsh to be negative about a company that has just taken $75.9 billion in revenue, the focal point of today’s quarterly update from Apple is inevitably the year-over-year growth rate. Here the rather lackluster 2 per cent uplift represents something of a misstep for a company that has built its reputation on impressive performances. It is certainly the case that a strong dollar diminished Apple sales growth, but even the increase of 8 per cent on a constant currency basis is …

The day that retail changed forever

Jon Bird witnesses a critical baton passing moment for retail.

Sony US exits direct retail

Sony US is to exit direct retail business, closing the 10 remaining stores this year.

Field of screams

“If you build it, he will come.” So said the disembodied voices in the iconic 1980s baseball fantasy, Field of Dreams. The response of Kevin Costner’s character to the whispers emanating from his cornfield was to build a baseball stadium in the middle of his farm. While the movie had a happy ending, retailers venturing to ‘build it’ in other pastures have not always been so successful. In the last week, US discount department store, Target, has announced a retreat from Canada …

Best Buy calls time on China

Best Buy is to exit its retail operations in China. The US appliance retailer said it sold its 184-store Five Star branded chain to the Jiayuan Group, a prominent China-based real estate firm led by chairman Yuxing Shen. Best Buy entered the Chinese retail market by purchasing a majority interest in Jiangsu Five Star in 2006 for US$180 million. It soon introduced its own brand, opening nine Best Buy stores, but shuttered them in 2011 after failing to gain traction against well-established …

In the trenches on Black Friday

Out the door at 6:36am on a rainy (what else) Seattle morning, I was already late for the Black Friday sales. Close on 24 hours late. What used to be a one day post-Thanksgiving Day ritual has snuck forward in recent years to form what the media are calling, Grey Thursday. Online Black Friday sales started days or even weeks earlier. Just like we’ve experienced “Christmas creep” with the silly selling season starting in September, retailers went as early as they dared to get the jum…

Best Buy’s China arm looks to online

Five Star, the China subsidiary of American consumer electronics chain Best Buy, is banking on the burgeoning online shopping market. The company launched its own shopping site last month. And it is planning to set up online stores in marketplaces like Tmall and Amazon China. It also plans to increase its offers by attracting independent consumer electronics retailers in small cities to open shops in its own site. “We focus on smaller cities or towns and want to form partners…