Best Buy had targeted to launch 200 stores in Europe Following 18 months of "challenging economic conditions," Carphone Warehouse has decided to close all 11 Best Buy electronics stores across the UK. The phone retailer joined forces with Best Buy in 2008, when Best Buy paid £1.1 billion, for a 50% stake in the retailer. Carphone Warehouse helped to establish Best Buy Europe, and the group was hoping to eventually have 200 big-box stores across the continent. The first store opened in Thurrock, Essex in April 2010, and stores followed in Liverpool, Derby, Bristol, Nottingham, Rotherham, Dudley and Southampton.
- Global | Retail By Andre Paine, London Best Buy Europe has appointed Andrew Harrison as COO for Best Buy Europe. Harrison is CEO U.K. and Europe of the Carphone Warehouse. He will continue to lead the Carphone Warehouse and the Phone House retail operations across nine European countries and will assume additional responsibilities for Best Buy. Scott Wheway, CEO, commenting on the appointment said, "Our first three Best Buy stores have all opened with tremendous success and have underlined the important shift in the way customers shop and interact with the "Connected World". Best Buy said Antoniadis decided