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Best Buy is the leading US speciality retailer of consumer electronics,
selling a wide range of audio and video products, home office products such as computers and peripherals, as well as an
increasingly broad selection of entertainment software and a limited range of home appliances (the latter under the Home Life
banner). Until now, the fast-expanding group has maintained an aggressive store-opening policy, launching between 75 and 80 new
stores every year since 2001. That pace slowed considerably towards the end of 2007 as a result of the economic slowdown. However,
share of the US electronics market has continued to rise, up from 14% in 2003 to around 22% by the end of 2008. Also that
year, the company announced plans to move into Europe through a new joint venture with UK company Carphone
Warehouse, and acquired music download service Napster.
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Competitors: See Retail Sector index for other companies
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