Fukuoka City-based Best Denki, the nation’s seventh-largest consumer electronics mass merchandiser, has embarked on a bold restructuring program to deal with their rapidly deteriorating profitability in the face of intensified competition and a downturn in consumption. This includes the closing of some mainstay outlets and the transfer of others to fourth-ranked Biccamera, with whom Best Denki has capital ties and a working agreement. The company feels a particular sense of urgency because it once had the highest sales in the industry.
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- Best Denki Undergoing Drastic Restructuring