Best Buy Plans More U.S. Mobile Stores

RICHFIELD, Minn. (TheStreet) -- Best Buy (BBY) plans to open hundreds more of its new small mobile stores as it looks to gain a significant market share of the increasing demand for smartphones and other handheld devices, the Financial Times reports.

The retailer expects to have a "number somewhere between here and 1,000" of Best Buy Mobile stores in shopping malls across the U.S., in addition to the 77 it has already opened, CEO Brian Dunn told the newspaper.