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BEST BUY INSIGHT DECK. Growth markets and strategic initiatives. June 2013. LOUISE HOWARTH. Senior Retail Analyst. Introduction Major Strategic Initiatives Key Markets Conclusions & Implications. Contents. 1. Introduction. 1. Introduction. USA. Puerto Rico. China. Canada. Mexico.
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BEST BUY INSIGHT DECK Growth markets and strategic initiatives June 2013 LOUISE HOWARTH Senior Retail Analyst
Introduction Major Strategic Initiatives Key Markets Conclusions & Implications Contents
1. Introduction • USA • Puerto Rico • China • Canada • Mexico • Wholly-owned Operations, Regional Executives & Corporate Head Offices • Nanjing, Jiangsu Province, China • Distrito Federal, Mexico • Burnaby, British Columbia, Canada • Richfield, Minnesota, USA • Meng Zhou, CEO China • Fernando Silva, • President Mexico • Ron Wilson, • President Canada Operations • Hubert Joly, Company CEO • Mike Vitelli, President US • Shari Ballard, President International • *Regional Headquarters • *Regional Head
Active Exited Joint Venture • Outside of the Americas, the retailer has been unsuccessful with its Best Buy banner, having exited the UK, China and Turkey following poor returns. However, Best Buy has big expansion plans for China via its Five Star banner which is proving to be successful. • 1. Introduction Exited Market