Yamada Denki Co., Japan's top consumer electronics retailer, will acquire its smaller peer Best Denki Co.. This will lift its annual sales above 2 trillion yen (25 billion dollars). Best Denki, now the No. 8 player, once led the industry, but the acquisition of Sakuraya Co. in 2006 and other missteps have led to its decline.
Bic Camera Inc. just last month converted 7th-ranked Kojima Co. into a subsidiary and rose to the 2nd-biggest consumer electronics retailer in Japan from its previous perch at No. 5. This has left Best Denki looking for a new partner in the increasingly competitive market.
July 12, 2012
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