Best Buy will commence its operations in Mexico upon the opening of its first retail store in the country in October 2008, according to a report in El Financiero today.  The store will be located in the Mundo E shopping center in northeast Mexico City. 

The report said that Best Buy also plans to open a store in the Jalisco state after inaugurating the Mexico City location.  Best Buy hopes its Mexican stores will capture a portion of Mexico’s US$14 billion consumer electronics market.