Best Buy to add products, stores.(Brief Article)
HFN: The Weekly Newspaper for the Home Furnishing Network, June, 1995
MINNEAPOLIS-Best Buy Co. plans to expand its product base later this year with the addition of office supplies, which company officials said is a logical spin-off of its home office business.
Later this sununer, Best Buy will add about 2,000 SKUs of various office supplies that will be offered in all stores bigger than 45,000 square feet. A smaller assortment will be offered in the chain's smaller stores.
"The leverage and efficiency of our existing distribution system will process these new higher-margin office supplies to all stores," said Richard M. Schulze, Best Buy's chairman.
Best Buy also posted its first quarter volume. Sales rose to $1.27 billion from $849 million. The company attributed this jump to the 60 new stores it has opened in the...
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