Best Buy Opens First 24-Hour Location in New York City’s Union Square
Best Buy® Opens First 24-Hour Location in New York City’s Union Square
Nation’s leading consumer electronics retailer tailors new store to meet
customer needs, schedules
MINNEAPOLIS--(BUSINESS WIRE)--Today Best Buy Co., Inc. (NYSE: BBY) announced
plans to open its first 24-hour retail location in New York City’s Union Square.
Opening Friday, November 13, 2009, the 48,000 square foot store will be located
on the corner of 14th Street and 4th Avenue, in the heart of historic downtown
Manhattan’s Union Square. The new location will be open each week from 8:00 a.m.
on Monday through 12:00 a.m. on Sunday, re-opening for regular Sunday hours of
10:00 a.m. to 8:00 p.m.
The expanded hours will provide a much-needed resource for the downtown
Manhattan community, including students from nearby universities and many New
Yorkers who often have conflicting schedules with traditional store hours.
Best Buy is constantly looking to build on its existing culture of innovation
and tailor its stores to the needs of local customers. Knowing that consumers in
the New York area love options, Best Buy’s new 24-hour location will provide
numerous opportunities for convenient shopping of consumer technology and
entertainment products.. Located in a high-traffic area, store officials
anticipate a very vibrant atmosphere around the clock, appealing to a wide array
of customers and maintaining the commitment to world-class and energized service
day or night.
“Today’s consumers have hectic lifestyles that don’t always conform to
traditional retail hours,” said Brian Dunn, CEO, Best Buy. “New York has long
been known as the city that never sleeps, making Manhattan the perfect location
for our first 24-hour store.”
Around-the-Clock Service and Support
The nation’s leading consumer electronics retailer is passionate about meeting
its customers’ needs – day or night. The 24-hour store in lower Manhattan will
provide around-the-clock in-store service and support to customers, including
Geek Squad services and in-store pick-up of items purchased via online or phone
channels. Local customers will have the option of same-day delivery for products
purchased at any hour of the day. This service will be available for residents
in New York City, including the outer boroughs. The Union Square location also
will be home to the largest Best Buy Musical Instruments Department in the
United States, offering a wide selection of instruments, lighting equipment and
professional DJ equipment.
About Best Buy Co., Inc.
With operations in the United States, Canada, Europe, China and Mexico, Best Buy
is a multinational retailer of technology and entertainment products and
services with a commitment to growth and innovation. The Best Buy family of
brands and partnerships collectively generates more than $45 billion in annual
revenue and includes brands such as Best Buy; Audiovisions; The Carphone
Warehouse; Future Shop; Geek Squad, Jiangsu Five Star; Magnolia Audio Video;
Napster; Pacific Sales; The Phone House; and Speakeasy. Approximately 155,000
employees apply their talents to help bring the benefits of these brands to life
for customers through retail locations, multiple call centers and Web sites,
in-home solutions, product delivery and activities in our communities. Community
partnership is central to the way we do business at Best Buy. In fiscal 2009, we
donated a combined $33.4 million to improve the vitality of the communities
where our employees and customers live and work. For more information about Best
Buy, visit www.bestbuy.com.
*NYC locations are licensed by the New York City Department of Consumer Affairs.
ESN 1303659; EHN 1303662
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