Best Buy just announced plans to open 13 new U.S. Best Buy stores in the second fiscal quarter 2010, including its first store in Wyoming and second in Alaska. The new stores are set to open this summer in the following cities:
North Anchorage, Alaska
Miami Beach, Florida
Hunt Valley, Maryland
Bronx, New York
Brier Creek, North Carolina
Laredo North, Texas
Best Buy is opening new stores while other retailers like Circuit City and Tweeter have recently filed Chapter 7 bankruptcy. Business analysts suggest that a recession is a perfect time to build market share if the capital is available to grow when others are shrinking. Best Buy's competition has changed in recent years from Circuit City (now and online play) and Tweeter to warehouse stores like Costco and Wal-Mart.
Ribbon-cutting ceremonies and $10,000 check presentations to local nonprofits mark the opening of the new destinations. Updated layouts, highly trained employees, and interactive displays create a unique and engaging experience for customers. Featuring the latest products and services, the new Best Buy stores provide customers with the solutions to meet all of their technology needs.
Best Buy currently operates 1032 U.S. Best Buy stores in 49 states and in Puerto Rico, among other operations.