Best Buy to Shutter 250 Mobile-Focused Stores
Best Buy will close 250 of its small store stores, which are mostly located in malls and focus on selling mobile devices. "The mobile phone business has matured, margins have compressed and the cost of operations in our mobile standalone stores is higher than in our big box stores," said Best Buy in a memo seen by Reuters. The bulk of the stores will be closed by May 31. Best Buy noted that the stores, often just 1,400 square feet, contributed only 1% to its overall revenue. The typical Best Buy store is about 40,000 square feet. The move doesn't impact Best Buy stores in Canada. Best Buy said it will do what it can to help its mobile-focused employees migrate to other positions at its larger stores. Best Buy's 1,000 big box stores will continue to sell wireless goods and services.
Coral Blue Galaxy S8 and S8+ Go On Sale In US July 21
Samsung today said the Coral Blue variant of the Galaxy S8 and S8+ handsets will become available to U.S. buyers starting July 21.
Samsung Releases Pink Gold Galaxy S7 and Galaxy S7 Edge
Samsung today announced a pink gold version of the Galaxy S7 and S7 Edge. The new color will be available only at Best Buy stores in the U.S.
AT&T, Verizon Bringing Store-Within-A-Store to Best Buy
AT&T today said it has partnered with Best Buy to create a dedicated space inside Best Buy stores that's unique to AT&T. The AT&T-themed section will resemble the store-within-a-store format already used in Best Buy stores by Apple, Microsoft, and Samsung.
Cricket Expands Retail Footprint to 1,000 Best Buy Stores
Cricket Wireless today said Best Buy has agreed to sell the prepaid carrier's phones and services at some 1,000 stores around the country. The ZTE Fanfare and HTC Desire 625 are available from Best Buy's web site starting today, and will reach Best Buy's retail stores over the next few weeks.