Best Buy plans to introduce tablet department in stores
As the world continues to adopt tablet computers, mega-retailer Best Buy plans to release a "Tablet Central" feature in all of its 1,100 stores.
Tablet Central will feature iPads, other tablet devices and e-readers. According to Best Buy, retail stores are seeing demand for many devices, not just the iPad. E-readers are also flying off shelves, experiencing triple-digit growth last quarter.
"We've been able to sell virtually everything that we're getting as this category continues to generate excitement," executive vice president Mike Vitelli told analysts.
With a recovering economy, Best Buy hopes Tablet Central will help boost sales, as well as drum up consumer interest in the popular devices. The company also plans to decrease the size of some stores and increase its video game and appliance efforts.
While Best Buy hopes to increase sales and offer tablets and e-readers to consumers, the tablet market is expected to grow at a rapid pace. According to research firm RBC Capital Markets, tablet revenue reached $11 billion in 2010 and is expected to climb to $70 billion by 2014.