US-based electrical goods retailer Best Buy is looking to build upon its existing international operations in Canada and China, CEO Brad Anderson has said in an interview. However he added that his stores were unlikely to appear in mature markets such as western Europe: this is sensible given that India or Latin America are likely to offer much brighter growth prospects.
Given the recent influx of foreign companies, it is not surprising that China's leading electricals retailer Gome has chosen to merge with a smaller rival to consolidate its position. However, the Chinese market is changing and domestic retailers will have to improve their retail competencies if they are to maintain market leading positions.
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