Why is Best Buy leaving Mexico?

Why is Best Buy leaving Mexico?
Why is Best Buy leaving Mexico?
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The effects of the Covid-19 pandemic in Mexico reached another foreign store with a presence in the country: Best Buy is leaving the country.

The chain of stores specialized in technology made the decision to leave its operations in Mexico in order, what it called, to improve its organizational structure and its strategic focus.

Best Buy informed his investors his departure from the country is due to the effects of the pandemic by Covid-19, which have generated a drop in consumption, employment and economic growth.

Also read: When is Best Buy leaving Mexico?

Despite his work, the effects of the pandemic have been very profound and it is not viable for us to maintain our business in Mexico, explained Fernando Silva, president of Best Buy Mexico, referring to the efforts of employees during this season.

“Therefore, I can only thank with all my heart the collaborators and business partners who were part of this adventure during these almost 13 years.”

The firm detailed that of its 49 branches In the country, eight have already been closed during this year and the rest will lower the curtain in an orderly manner their operations to clients as of December 31, 2020.

“This decision in no way reflects the efforts that our team of collaborators has made,” the company said.

Also read: Best Buy decides to leave Mexico

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“We should be very proud of what we have achieved at Best Buy Mexico: we built an extraordinary team and established an exceptional culture. We transformed the way Mexicans interact and are inspired by technology, bringing it closer to millions of families to improve their lives. We built the # 1 brand in technology, with iconic differentiators, and the customer has honored us with growing market share, “said Fernando Silva, president of Best Buy Mexico.

While the website bestbuy.com.mx It will continue to operate until its inventory is exhausted and guarantees to clients that both the orders in process and the purchases they make during the next few weeks will be delivered in a timely manner.

In a statement, the company assures that it will give the necessary help to its collaborators in the process so that the conclusion of the relationship with the company is favorable.

With information from Carla Martínez


Source link by https://www.eluniversal.com.mx/cartera/por-que-best-buy-se-va-de-mexico

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