Best Buy Signs Lease for New Store in King of Prussia, Pennsylvania.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--June 27, 2001 Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ) the nation's leading specialty retailer of consumer electronics, personal computers, appliances and entertainment software announced the lease signing of a new store in King of Prussia King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Penn. The new store is scheduled to open fall 2001 and will be located at I-76 and Route 202. This will be one of three Best Buy stores to open in Pennsylvania this year. "Best Buy plans to turn on the fun for King of Prussia-area shoppers by showing consumers how technology can improve their lives," said Pat Matre, Best Buy vice president of Real Estate. "We look forward to providing the area with affordable, high-tech consumer electronics and entertainment products in a shopping atmosphere that is easy to navigate and fun." The 45,000 square foot store will feature a broad selection of name-brand products. Customers can experience many products, including the latest in digital technology, through hands-on displays. For easy shopping, merchandise will be grouped in departments such as Home Theater An audio/video entertainment center that has a large-screen TV and hi-fi system with three speakers in the front (left, right and center) and left and right speakers in the rear. Starting in the early 1990s, video inputs were added to stereo receivers and preamplifiers. , Digital Imaging, and Wireless. The King of Prussia store is one of more than 60 new retail locations Best Buy will open throughout the country in 2001. The store will employ approximately 150 full- and part-time employees in cashier, customer service, non-commissioned sales and management positions. Minneapolis-based Best Buy Co., Inc. (NYSE:BBY) is the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company operates retail stores and commercial Web sites under the names: Best Buy, (BestBuy.com), Magnolia Hi-Fi, Media Play (MediaPlay.com), On Cue (OnCue.com), Sam Goody Sam Goody is a music and entertainment retailer in the United States and formerly in the United Kingdom. It is owned and operated by Musicland, which itself is owned by former rival Trans World Entertainment which also runs Suncoast Motion Picture Company and, until January 2006, (SamGoody.com) and Suncoast (Suncoast.com), The Company reaches consumers through more than 1,800 retail stores nationwide, in Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and in the U.S. Virgin Islands. |
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