Carphone will return cash after simplifying Best Buy relationship

Carphone Warehouse is to close its 'big-box' Best Buy stores in the UK, sell off its interest in Best Buy Mobile and return a chunk of money to shareholders.

Carphone Warehouse is to close its 'big-box' Best Buy stores in the UK, sell off its interest in Best Buy Mobile and return a chunk of money to shareholders.

"The eleven Best Buy UK 'Big Box' stores have performed exceptionally at the level of customer satisfaction, but they do not have the national reach to achieve scale and brand economies," conceded Roger Taylor, chief executive of Carphone Warehouse.

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