Why is Best Buy leaving Mexico?

Why is Best Buy leaving Mexico?
Why is Best Buy leaving Mexico?
- Advertisement -

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

- Advertisement -

“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

vcr/acmr


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

*The article has been translated based on the content of Source link by https://www.eluniversal.com.mx/cartera/por-que-best-buy-se-va-de-mexico
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!


These were the details of the news Why is Best Buy leaving Mexico? for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at en24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Poland’s Tusk calls security meeting to discuss spy threat from Russia and Belarus
NEXT 2,000 religious leaders attend Muslim World League conference in Kuala Lumpur