Best Buy Discusses China Retail Strategy

From Best Buy's (BBY) fiscal Q3 2007 earnings call (link to transcript) earlier today:

Robert A. Willett - Chief Executive Officer, Best Buy International

In terms of China, the level of spend is absolutely consistent next year with our plans. In fact, the mix will change somewhat. We will open probably in the region of 20 to 22 Five Star stores. We open our first Best Buy store in Shanghai in approximately 10 days time. That will be followed by one or two other Best Buy stores in the subsequent 12 to 18 months, subject to how we learn from the first one. It is absolutely consistent with the plan.

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