Retail in Asia

In Trends

Best Buy could do worse than buy into Australia

Recent rumours linking the world’s largest consumer electronics retailer Best Buy with the potential acquisition of Australian retailer The Good Guys have been met with amazement in many quarters. Why would a retailer that is in the process of expanding in four relatively new international markets want to enter one of the most competitive retail markets in the world?

If the recent results of two of Australia’s retailers are anything to go by, consumer spending in the consumer electronics category is as strong as ever.

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(Source: Retail Week)