Morrisons clinches Nottingham Best Buy
Supermarket giant Morrisons has snapped up ten former Best Buy stores, including in Nottingham, for its newly-acquired online retailer Kiddicare. However, the retailer did not buy the Derby store.
The business is to spend £15m on converting the outlets for the Peterborough-based childrenswear and accessories retailer, which Morrisons bought for £70m last year. The move aims to create 700 jobs.
It comes after American-based electrical retailer Best Buy closed its UK stores earlier this month after a failed joint venture with Carphone Warehouse.
Kiddicare chief executive Scott Weavers-Wright told reporters: "These ten flagship stores will put Kiddicare within easy driving distance of nearly a third of the UK population.
"As well as being fantastic destination superstores for families across the country, they are the ideal platform for Kiddicare.com to lead the baby market by giving a true multi-channel experience."
The stores are to be based in Rotherham, Merry Hill, Aintree, Nottingham, Thurrock, Hedge End, Croydon, Hayes, Bristol and Enfield by the autumn. Morrisons has not bought the store in Derby.
