Best Buy to Sponsor O2 Arena

Best Buy have just signed a 5 year sponsorship deal with the O2 Arena where they will see benefits across the arena and indigO2 - their 2,300 capacity venue. As part of the deal Best Buy customers will get opportunities to upgrade tickets and receive VIP passes to gigs and events. To mark the deal a series of gigs will take place at the indigO2 under the heading.. 'Best Buy Presents...' To read the full article click here.

Retailers post profit despite recession, says Telegraph

James Hall of the Telegraph reports that, despite the recession, several of the UK's largest electronics retailers are expected to post a profit this year. DSG International--owner of Currys and PCWorld--is expected to report tomorrow an underlying full year pre-tax profit between £80m to £90m, up from last year's figure of £50.5m. Moreover, Kesa--owner of Comet electrical stores--is expected to post a pre-tax profit of £76m, a vast improvement over their previous year's loss of £81.8m.

The article also mentions possible dark clouds on the horizon for electronics retailers, citing VAT increases in the Government Budget and competition from US retailer Best Buy as potential obstacles in the year to come.

Read the whole article at http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/7840779/Comet-and-Currys-ride-out-recession-in-profit.html