Best Buy to open in Mexico this year: CEO

Tue Jan 8, 2008 7:41pm EST
 
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LAS VEGAS (Reuters) - Best Buy Co Inc. (BBY.N) Chief Executive Brad Anderson said on Tuesday that the electronics retailer plans to expand into Mexico in 2008.

"We will be opening stores in Mexico this year," Anderson told Reuters at the Consumer Electronics Show in Las Vegas.

Anderson declined to give details on when and where the stores would open.

Separately, Anderson declined to comment when asked if Best Buy was in talks to buy Carphone Warehouse (CPW.L), Europe's largest independent mobile phone retailer. Best Buy in September revealed that it had bought a 3 percent stake in the company.

(Reporting by Nichola Groom, editing by Leslie Gevirtz, Gary Hill)

 
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