BestBuy has announced it will shut all 250 of its small mobile stores across the US by May 31st. The stores reportedly contributed only a little over 1 percent to the company’s overall revenue. The closures won’t affect BestBuy’s mobile stores in Canada, and the company will continue to sell mobile phones both online and in its “big box” stores.
BestBuy began opening the dedicated mobile phone outlets about ten years ago, before the first iPhone was released. The mobile stores are tiny, averaging 1,400 square feet — compared to full-size stores, which average 40,000 square feet. BestBuy’s mobile shops are also competing with wireless carriers who have their own hight street stores as well as Apple and online retailers like Amazon.
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Author: Thuy Ong
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