Business

Best Buy is leaving Mexico on December 31st

The electronics company will close its 41 offices due to the effects of COVID-19.

3 min read


Best Buy is leaving Mexico on December 31st
Best Buy is leaving Mexico on December 31st

The consumer electronics chain Best buy would close his operations in Mexico from December 31 due to the adverse impact COVID-19 has had on its businesses. This was announced in a press release highlighting that the brand has officially announced its withdrawal from the country to its investors.

This Tuesday, Best Buy, which stayed in Mexico for 13 years, announced the results of the final quarter of its fiscal year, which is expected to see closings due to the COVID-19 pandemic irreversibly affect its operations. The company will begin commencing the processes to cease operating its 41 offices in the country. At the beginning of 2020, Best Buy had 49 locations, but eight have already ceased operations.

“This decision in no way reflects the efforts our team of employees has put into. We should be very proud of what we have achieved at Best Buy Mexico: We have built an exceptional team and established an exceptional culture. We are changing the way Mexicans interact We are # 1 in technology with iconic differentiators and the customer has honored us with growing market shares, “said Fernando Silva, President of Best Buy. Mexico in the statement.

The manager concluded, “Despite this extraordinary work, the impact of the pandemic has been very profound and it is unsustainable for us to maintain our business in Mexico. I can therefore only thank all of my employees and business partners from the bottom of my heart who have been part of this adventure over these almost 13 years“”.

Best Buy Mexico assured that its customers can trust that both the orders in progress and the purchases made in the coming weeks will be delivered on time. For all other questions he made his call center, social networks and a list of frequently asked questions available on his page.

The effects of the pandemic have been very profound and it is unsustainable for us to maintain our business in Mexico, said the director of Best Buy Mexico / Image: Depositphotos.com

The chain noted that it will support its employees so that the terminations are made in accordance with the law. In addition, it offers its teams workshops on how to effectively use the various platforms for job search, the creation of résumés and the simulation of job interviews. It will also cover life insurance for all employees throughout 2021 and extend primary insurance for medical expenses to employees who have it for the same term.

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