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Best Buy likely to Stay Put on Carphone Warehouse Joint Venture

February 18, 2013

For someone who has worked both sides of the Atlantic, Best Buy CEO Hubert Joly seems quite skeptical about exporting the company to the rest of the world.

"Retail is not the most global of businesses by any stretch of the imagination," Joly told investors in New York last fall. "China [for example] is not a goal unto itself. If we can't find a way to make business successful, then we shouldn't be in China."

True to his word, Best Buy last month said it will close 15 stores in Canada
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