On November 6, 2011, Carphone Warehouse announced its intention to close the eleven Best Buy "big box" format stores.

[5] On August 27, 2006, the Best Buy Europe joint venture was discontinued, with all eleven stores and the transactional website (www.bestbuy.co.uk) closing on that day.

Best Buy Co., Inc. is a Fortune 100 company, and the largest speciality retailer of consumer electronics in the United States and Canada, accounting for 21% of the market.

[8][9] The first Best Buy store in the United Kingdom opened at Junction Retail Park, near Lakeside Shopping Centre in Thurrock, Essex, on April 30, 2010.

[citation needed] Twenty locations were originally planned for in the coming year, all to be in the big box format.