Does Best Buy have plans for further international expansion?
The November 2001 acquisition of Future Shop, Canada’s largest, fastest-growing consumer electronics retailer and e-retailer, marked Best Buy’s first international expansion. At this point, the Company has no further plans for International expansion. Instead we are focused on integrating Future Shop and expanding our presence in Canada through both the Future Shop and Best Buy brands. However, while we do not expect to make a significant acquisition in fiscal 2005, we continue to study other markets that might enable us to expand in the future.
