Monday, September 15, 2025

Best Buy plans to open eight new stores, expand to 15 states

The big-box consumer electronics retailer Best Buy has announced it will add eight new stores in Mexico this year, bringing the total number to 42.

Best Buy México CEO Fernando Silva told the newspaper Milenio that the firm “is very committed to Mexico, we have grown a lot in the 10 years we have been in the country, we are going to have over 40 stores.”

He said online sales have also been on the rise.

Five of the new stores will open in five cities that will be new for the retailer, which will extend its presence to 15 states. The goal of reaching all 32 states, Silva said, is still a distant one.

Best Buy intends to invest heavily in distribution centers and electronic control systems.

Speaking of online sales, Silva said that the arrival in Mexico of e-commerce giant Amazon “was very good for Mexican consumers,” who not only have more options but are becoming accustomed to shopping online.

“Our [business] model is very different,” he continued, as its physical and online retail sales “are so integrated it’s hard to separate them; that is an advantage we have in the market.”

Source: Milenio (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
dollars in cash

Attention, foreigners: Your visa will cost double in 2026

0
A proposal included in the 2026 federal budget presented by Mexico's Finance Ministry last week seeks to increase the cost of temporary and permanent residency visas by 100%.
Hernán Bermúdez detained in Asunción, Paraguay

Former Tabasco security minister arrested in Paraguay on organized crime charges

0
Hernán Bermúdez, Tabasco security minister during the governorships of Adán Augusto López Hernández (2019-2021) and Carlos Manuel Merino Campos (2021-2024), had been on the run since January.
Anthony Martial

French soccer international Anthony Martial becomes Liga MX’s latest major signing

0
Martial is the third major European player to join the league this year, after teammate Ramos and Welsh international Aaron Ramsey, who joined UNAM Pumas last month.
BETA Version - Powered by Perplexity