Samsung in Talks With BestBuy
Samsung Electronics is reportedly in talks with retailer BestBuy for a possible partnership that could strengthen the Korean company in North America.
Talking with The Korea Times, Wednesday, Lee Jae-yong, Samsung's vice chairman, said he sees BestBuy as critical to the company's plans to increase its market share in one of the world?s largest consumer-electronic markets.
"I recently met with senior executives at BestBuy and discussed pending business issues," Lee said, without elaborating more.
Accordiing to earlier reports, Samsung is considering acquiring a stake in the U.S. retailer, which has been facing increased competition with online rivals eBay and Amazon.
Samsung has already a partnership with the retailer over the creation of "Experience Shops," a space in BestBuy's outlets that enables visitors to try its products before buying them.
"I recently met with senior executives at BestBuy and discussed pending business issues," Lee said, without elaborating more.
Accordiing to earlier reports, Samsung is considering acquiring a stake in the U.S. retailer, which has been facing increased competition with online rivals eBay and Amazon.
Samsung has already a partnership with the retailer over the creation of "Experience Shops," a space in BestBuy's outlets that enables visitors to try its products before buying them.