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Best Buy is bringing out its first new big-box store in the U.S. in seven years, a 36,000-square-foot unit at Station Park, a mixed-use lifestyle center in suburban Salt Lake City. The store opens this fall.
“We’re excited to be opening a brand-new store in a popular shopping center in a growing part of the Salt Lake City market,” said Best Buy spokesman Jeff Shelman, speaking to the Star Tribune. Shelman declined to discuss any future store-opening plans, but Best Buy did report its best holiday quarter in 14 years recently, with same-store sales climbing by 9 percent. And analysts are saying that the company could be ready to expand again.
Best Buy is still planning to close its remaining 250 mall-based mobile phone stores in the U.S. in the coming months. Last year the company shut 18 big-box stores, leaving its U.S. portfolio with 1,000 stores.
By Brannon Boswell
Executive Editor, Commerce + Communities Today
