First Best Buy store hits UK, set to make a 45 million pound loss

Discussion in 'General Chat' started by MasterChief, May 2, 2010.

  1. MasterChief

    MasterChief Addict

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    As we have a lot of guys in the UK on Digiex this news might be of interest to some of you:

    Hundreds of people queued up early today to snap up bargains at the opening of the UK's first Best Buy superstore.

    The American discount electricals giant is slashing prices by up to 50 per cent to compete on the highly competitive British high street.

    The company's first outlet is in Thurrock, Essex and it plans to open 200 more, selling electric cars alongside 3D televisions and lap-tops. Its British website will go live in the autumn.

    The company says it is prepared to suffer losses of £45million in its first year of trading in Britain in order to grab market share from rivals.

    Historically, British consumers have paid far more for their technology, from the latest Apple iPods to Sony PlayStations, than their US counterparts.
    International electronic firms have treated Britain as a Treasure Island where they have been able to get away with charging more.

    Best Buy says it will match the cheapest shop prices from rivals within a 15 mile radius. It will then sweeten the deal with an added discount of 10per cent of the difference.

    Tempting offers include 45per cent off a Toshiba 32in HD ready LCD TV bringing it down to just £179.99 and similar reductions on other sets.
    Anyone who pays more than £499 for a TV will get their money back if England win the World Cup.


    Read more: First Best Buy electrical megastore opens in UK as hundreds queue for U.S-style discounts | Mail Online
     

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  2. P.KID

    P.KID Addict

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    Why hasnt it got an online store for the U.k where u can buy cheap stuff coz im w8stin 2hrs from london to all the way there... :(
     
  3. InsaneNutter

    InsaneNutter Resident Nutter Staff Member

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    It would be at least 4 hours for me to get there, then another 4 to go back home... most likely longer because of traffic!

    Any money saved would be spent on travel expenses, great for the locals I must admit (Y)
     
  4. Nimrod

    Nimrod Exotic Vendor

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    Roadtrip!!!!!!! :) :) :)
     

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