Best Buy plans to expand into Mexico

Best Buy's CEO says the electronics retailer plans to expand into Mexico in 2008.

The story "Best Buy plans to expand into Mexico" published January 8, 2008 at 8:45 AM is no longer available on CNET News.

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[fred dunn]

They will do well there...

Being in a border state in a major city near Mexico I can tell you that we see major spending trips by Mexican Nationals coming up for shopping vacations.
Don't think Mexico is just a back-woods country. They have plenty of citizens that do quite well for themselves.
Before my wife died we were planning on retiring to Mexico because it has a lot of what you need without the excesses and the cost of living (in certain areas) is less than here, but I will stay here with her now.

[fred dunn]

They will do well there...

Being in a border state in a major city near Mexico I can tell you that we see major spending trips by Mexican Nationals coming up for shopping vacations.
Don't think Mexico is just a back-woods country. They have plenty of citizens that do quite well for themselves.
Before my wife died we were planning on retiring to Mexico because it has a lot of what you need without the excesses and the cost of living (in certain areas) is less than here, but I will stay here with her now.

[mangoman7]

Great news!

Very excited to have them open in Mexico. If they can establish
competitive prices on consumer gear (and train a service-oriented
staff - please! - along the way) they will attract a *lot* of
customers. I just spent $2000 in Atlanta and brought HD cameras &
equipment back with me; the lowest comparable price in Mexico
City was 50% higher! Good luck to them!

[mangoman7]

Great news!

Very excited to have them open in Mexico. If they can establish
competitive prices on consumer gear (and train a service-oriented
staff - please! - along the way) they will attract a *lot* of
customers. I just spent $2000 in Atlanta and brought HD cameras &
equipment back with me; the lowest comparable price in Mexico
City was 50% higher! Good luck to them!

[dgag07]

I was very excited once I received the news about the opening of Best Buy in Mexico City, where I currently live. With the strong competition it imposes, Mexican retailers will have to lower their prices and stop taking advantage of mexicans. It is also a really good indicator that Mexican economy is being trusted by private investment. I was waiting for this to happen and now I can't wait to see how it makes mexican retailers more competitive, something that lacks in Mexico.