Best Buy Europe

Earlier this week, The Carphone Warehouse published its Q1 2010 trading update. The division between The Carphone Warehouse's Talk Talk business and its 50% stake in Best Buy Europe is now clearer than ever. And with the launch of Best Buy Europe's 'Big Box' strategy in 2010, the disconnect between these two businesses will become even more overt. Meanwhile, total revenues for Best Buy Europe increased 6% year-on-year to £773mn, although on a constant currency basis, this increase was just 0.7%. On a like-for-like basis, revenues grew 5.4%, or just 0.2% on a constant currency basis.