Maybe Best Buy Wants Circuit City Locations

Best Buy might look at vacancies left by bankrupt retailers, CEO Brad Anderson told Reuters at the World Economic Forum in Davos, Switzerland. But he did stress that the company is focused on remaining and leery of consumer spending trends.

Meanwhile, Best Buy is laying off people at its headquarters, and about 500 employees there have already taken buyouts.

First of all, what is he doing at Davos? Is this a normal event for retail executives to attend?

And what is the likelihood of Best Buy grabbing up empty spaces in shopping centers? We can’t think of anyone else that is a more likely candidate on a national level, but are we missing anyone?


12 Responses to “Maybe Best Buy Wants Circuit City Locations”

  1. 1 Dunkin'man January 29, 2009 at 10:03 am

    “comon, just think of the proximity of the two stores. Unless BB missed a market, they don’t need new stores that are weak in size and generally have weak co tenants.

    Can you guess I don’t like CC?

  2. 2 Jay, Hartford, CT January 29, 2009 at 10:09 am

    There are probably not a lot of locations where BB is not already in the area. BB should probably evaluate each location to see if there are any Curcuit City sites that are better located than their own store but I would think that is few and far between.

  3. 3 Glenf January 29, 2009 at 10:34 am

    I used to like CC much better than BB, but that was before they layed off all of the knowledgeable help. I’m not fond of BB, but that is a step above my wife who won’t go into a BB!

  4. 4 James January 29, 2009 at 11:40 am

    Whys Davos? He is a curious guy and the skiing is good. Why CC stores? He is a curious guy and doesn’t want to leave a viable electronics market open. Most of the CC stores are in good retail locations, but the trade mark red tower should probably come down or be changed.

  5. 5 Chris Rodriguez January 29, 2009 at 2:05 pm

    I agree with theses comments. BB will take few, if any, CC locations. CC stores are smaller than BB’s prototype store. I don’t see why BB would be expanding in this climate. Are they that strong?

  6. 6 steve January 29, 2009 at 4:33 pm

    Areas that they will probably look at would be Medford, Oregon, smaller markets where one stop electronic retailers are not competing against a lot of mom and pop stores, Medford is just one market where they have not entered into, but very true most locations where Circuit City had stores, Best Buy was in the immediate area.

  7. 7 Broker January 29, 2009 at 4:52 pm

    Maybe Brad has political ambitions. Isn’t the Davos thing where the really smart guys (at least in their own minds) like Al Gore and John Kerry hang out?

  8. 8 John January 29, 2009 at 4:55 pm

    How long before Borders Books closes all their stores? Barnes and Noble is much better, and Borders has picked some awful locations. Every Borders I have ever been in is always empty.

  9. 9 Adam W. January 29, 2009 at 6:16 pm

    There may be some hard-to-enter markets where Circuit City operated a store and Best Buy missed the boat.

  10. 10 CapRock Group January 29, 2009 at 11:48 pm

    Most of CC’s portfolio (pre 2005) are in horrible locations. This reverts back to the old Richard Sharp days when the mind set was, “put us in a visible but impossible to get to location and the consumer will spend money if they can get here.” Some of the newer locations may out position BB but is it worth the retro-fit cost associated with the relo? NO NO NO

  11. 11 Derrich January 30, 2009 at 9:34 am

    According to the locations in my city…and probably just about everywhere else…the CC is right next to the BB. If not in the same shopping center, then across the highway or something.

    If anyone else takes those places, I could see a kid-oriented business like Pump It Up or Incredible Pizza.

  12. 12 BuffaloBill February 1, 2009 at 3:31 am

    Best Buy will be taking CC spaces if and when they decide to short circuit their development plans.

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