Best Buy Expanding To New Channels

August 05, 2011

Best Buy Express (NYSE:BBY) announced that it is expanding to new channels and is adding nearly 100 locations in the next year.Best Buy Express opened 150 locations in the past three years and will be adding additional locations at the Downtown Disney District, and multiple locations at college campuses, events and ferry hubs this year.Julie St. Marie, business leader of Best Buy Express said, "The arrival of our self-serve kiosks at Disney is a testament to the continued growth of Best Buy Express. As part of Best Buy's multi-channel strategy, Best Buy Express is uniquely positioned to offer the latest and greatest technology products for consumers at the same great prices offered in Best Buy stores - whenever and wherever they need it."Best Buy (NYSE:BBY) has a potential upside of 43.5% based on a current price of $25.74 and an average consensus analyst price target of $36.93.