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MINNEAPOLIS - Best Buy's On Cue stores are set to get a little more than the new product mix promised at the time of its acquisition. Beginning this summer, the chain will receive a new name, as well. All of the company's rural market On Cue stores will be renamed Sam Goody and remerchandised to reflect the change.
When Best Buy acquired Musicland in December 2000, chairman and ceo Richard Schulze was particularly enthusiastic about the growth potential of On Cue, Musicland's rural chain of 200 stores. He said at the time that On Cue will allow the retailer "to introduce new technology to rural markets Best Buy just couldn't get into," and announced plans to open as many as 750 new On Cue outlets during the next 10 years.
That expansion strategy still holds true nearly 18 months later. Allen Lenzmeier, Best Buy president and coo, said the company will open 30 small-market Sam Goody (formerly known as On Cue) stores this fiscal year and will continue to expand at a rate of 75 new stores per year beginning in calendar year 2003. He expects expansion of this format to max out at...