Best Buy launches Best Buy Mobile in Five Star stores in China
Minneapolis — Best Buy announced Tuesday it is expanding the Best Buy Mobile brand and store-within-a-store concept into 14 Five Star stores throughout Nanjing, China, this summer.
The expansion of Best Buy Mobile into the Chinese market is the first evolution of Global Connect, a partnership that was formed in November 2011 between Best Buy and Carphone Warehouse.
"The launch of Best Buy Mobile in China is a true global effort,” said Shari Ballard, president, international for Best Buy. The launch follows a similar model that led to the development of Best Buy Mobile in the United States in 2006. Just as Carphone Warehouse did with Best Buy five years ago, the Global Connect team is working closely with its Five Star partners to develop a mobile sales strategy that is designed for the Chinese market, said the company.
David’s Bridal and RCS team on lease renewals
New York — New York City-based RCS Real Estate Advisors said Tuesday it has been retained by bridal retailer David’s Bridal to facilitate lease renewals on behalf of the retailer.
RCS said it has expanded its previous engagement with David’s Bridal to provide lease renewal services for over one-third of the retailer’s more than 300 U.S. David’s Bridal store locations.
Developing report: Best Buy founder considering buying out company
Minneapolis — A just-released report from the Wall Street Journal said that Best Buy founder Richard Schulze, who resigned his chairman of the board seat earlier this month, may be looking into buying out the company.
Schulze is said to be working with bankers from Credit Suisse. At the time of his resignation as chairman, he owned approximately 20% of the company.