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Retailers Take Note as Best Buy Arrives in Tampa Bay, Fla., Area.(Originated from St. Petersburg Times, Fla.)
Knight Ridder/Tribune Business News, March, 1996 by Albright, Mark
ST. PETE BEACH, Fla.--Mar. 6--Best Buy Co. Inc. makes its landfall in the Tampa Bay area this autumn with three huge consumer electronics stores and a fourth to come later.
But instead of a retail bloodbath among a few fiercely competitive consumer electronics chains like Circuit City, Sound Advice, Montgomery Ward's and others, the arrival of this new player probably will cause a lot of bleeding all over the broader marketplace.
If Best Buy does as well here as it has elsewhere, about $200 million in annual sales will come out of the hides of a multiplicity of retailers.
The company has signed leases for a 52,000-square-foot former Kash n' Karry on N Dale Mabry Highway just north of Interstate 275 in Tampa and a 45,000-square-foot store in Regency...
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