| Not the Ministry of Commerce approval, Best Buy | | | | for the new address, however, whether the new |
| stores shop can not determine the time of the | | | | U.S. headquarters to develop the number of plans |
| second Recently, sources said, because Best Buy | | | | to open 6-8 stores, the Best Buy told reporters: |
| did not get the Ministry of Commerce of the | | | | "6-8 stores not realistic, we believe that 2-3 store |
| license, making Best Buy stores in China, plans to | | | | more realistic. " Sectors, according to Best Buy |
| open a second delay. Sectors, but Best Buy told | | | | Description: "address is currently being investigated |
| reporters: "All our things are carried out | | | | various properties to open new stores, but has |
| simultaneously with the approval, no approval will | | | | not yet selected a final location, we mainly refer |
| not affect our shop to get the speed." Best Buy | | | | to the following factors: flow, rent, transportation, |
| Expansion in China by the disturbance Click here | | | | and markets in all aspects." The person also told |
| to view all news photos Second store blocked | | | | reporters that Best Buy will each open a new |
| Scheduled for New Year's Day 2008, a second | | | | store to the Commerce Department to obtain |
| store opened, the time delay until March is still no | | | | approval, "but approval will not affect the opening |
| clear timetable. Some analysts believe that | | | | of these stores, including store decoration and |
| before, mainly Best Buy not meet the Chinese | | | | staff recruitment are carried out simultaneously |
| market, water and soil, affecting the progress of | | | | with approval." Or to seek cooperation in capital |
| the shop. But Best Buy has Yiu-joa senior | | | | levels Best Buy blocked for approval, while the |
| marketing director, said earlier, mainly "internal | | | | capital level in the United States may seek |
| decoration of the problem." "Approval not affect | | | | cooperation and national news came again. |
| the main shop Best Buy, we have not yet | | | | Recently, a domestic media said Best Buy's |
| completed the internal decoration is a connection, | | | | largest institutional investors CapitalGroup has |
| 21 pm, we are still and construction teams to | | | | become the major shareholder of Gome, Gome |
| consult on the construction." Sectors, said Best | | | | and Best Buy and other foreign investment may |
| Buy. In fact, the truth is that Best Buy did not | | | | be brought together in CapitalGroup, for capital |
| get the Ministry of Commerce for approval. | | | | level of cooperation. "We do not convertible and |
| Recently, Best Buy close Beijing office, the Office | | | | the National beauty, there is no intention of |
| official said, Best Buy stores do not get a second | | | | mergers or acquisitions." Best Buy insider told |
| license to the Ministry of Commerce, so there is | | | | reporters, Best Buy and the National United |
| no way to shop on time. According to the Ministry | | | | States without any contact. And He Yang Qing, |
| of Commerce, where foreign retailers to open | | | | vice president of Gome, also said Best Buy is not |
| stores in China, the Ministry of Commerce for | | | | convertible with the plan. But before Fang Jian had |
| approval must be obtained. However, Best Buy | | | | news that the U.S. and Best State will be |
| did not get the Ministry of Commerce approval, | | | | convertible, in which Best Buy to exchange for |
| so its second store, is still without permission. Best | | | | the assets in China, Gome's shares, but does not |
| Buy aspects of the responsible person admitted: | | | | seek to Holdings, the country the United States |
| "Best Buy does not permit access to the Ministry | | | | and Best Buy were denied both aspects of this . |
| of Commerce, at present we are applying for." | | | | However, according to informed sources, Best |
| Why Best Buy no way to get the permit? The | | | | Buy recently did the United States in close |
| Best Buy who said: "The main reason Best Buy is | | | | contact state, to discuss cooperation matters, if |
| the fitting problem areas; but mainly by the | | | | negotiated, there may be a drastic move. Luo |
| Ministry of Commerce approved the decision, | | | | Qingqi, senior director of consulting Paller said, the |
| instead of Best Buy refuses to answer the | | | | world's home appliance retail giant's 100 Best Buy |
| reasons for it." Best Buy and did not disclose | | | | into China, developing slowly over the past 3 |
| when the Commerce Department will approve | | | | years out of time before a store. The local home |
| permits down, there is no way to determine a | | | | appliance retailers Gome and Suning will have the |
| second store in time for a specific shop. "We | | | | domestic market share among themselves, in the |
| should soon be able to get approval." Best Buy | | | | country and triple the U.S. acquisition of large and |
| into a "regional brand" Sectors, but Best Buy told | | | | medium trading companies, the home appliance |
| reporters: "We all work up shop simultaneously | | | | retail market, further concentration of resources, |
| with application for approval, temporary approval | | | | Best Buy stores in China, the number of hard to |
| is not received will not affect the speed of our | | | | compete with local businesses . Industry believes |
| shop." In addition, the earlier Best Buy CEO | | | | that the U.S. Best Buy and country co-operation, |
| International Operations Group, Robert? Weilie Te | | | | will take what we need Best Buy access to |
| has expressed the hope that the development of | | | | channel resources, and to help Best Buy, Gome |
| 6-8 new stores in China. "Other stores have | | | | internationalization. Gome president Chen Xiao said: |
| already selected the basic address, in Shanghai." | | | | "States United States will introduce strategic |
| Best Buy insider told reporters, "not going to | | | | investors with an open mind. |
| leave Shanghai for external expansion." Selected | | | | |