Best Buy has confirmed it will close the eleven "big box" pilot stores the company opened in the UK, focusing instead on pushing Best Buy Mobile and "small box" outlets as it focuses on "connected device" sales. Opened in April 2010, the large stores are facing "challenging economic conditions and profit expectations" Best Buy claims, and will all close by the end of 2012. Meanwhile, the company is spending $1.3bn on buying out Carphone Warehouse's 50-percent stake in the Best Buy Mobile profit share agreement.
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