Analysts expect Best Buy (BBY) to shutter its 11 U.K. megastores, opened in partnership with The...

|About: Best Buy Co. (BBY)|By:, SA News Editor

Analysts expect Best Buy (BBY) to shutter its 11 U.K. megastores, opened in partnership with The Carphone Warehouse, as they struggle with strong competition, weak demand, and cultural shopping differences. Merrill thinks closing the stores, which ran up a loss of $98M in their prior fiscal year, could cost Best Buy nearly $95M.