Pixel Tracker

Thursday, March 21 , 2019, 3:55 am | A Few Clouds 47º

 
 
 
 
Sports: A Noozhawk Partnership with Santa Barbara Athletic Round Table, The Lab, and American Riviera Bank

Best Buy Into Goleta as CompUSA Bows Out?

Camino Real Marketplace manager says electronics retailer excited about prospect of moving in.

Ten years after a failed bid to enter the South Coast market, Best Buy is the likely next occupant of a building in the Camino Real Marketplace vacated in February by the now-dissolved CompUSA.

Although nothing has been finalized, the Goleta shopping center’s manager said both the electronics retailer and the Camino Real Marketplace are excited about the prospect of a Best Buy in Goleta.

“They very much want into this market,” Mark Ingalls, property and general manager of Camino Real Marketplace said Thursday. “Frankly, we think they’d be a good fit for Goleta as well.”

He added that Best Buy could move into the center located near the intersection of Hollister Avenue and Storke Road as soon as October.

CompUSA, a retailer of electronics and computer services, foundered as a nationwide chain, and in December was sold to a liquidation company that began the process of shutting down the 100 or so remaining stores.

Despite having closed its doors at 7090 Marketplace Drive in mid-February, CompUSA is still leasing the building from Camino Real Marketplace. Ingalls said the companies are working toward a lease transfer.

Ingalls said Best Buy had tried unsuccessfully to claim a spot at the center when it was constructed in 1998, but the deal fell through. Since then, he said, Best Buy has proven to be a strong competitor in an uncertain market.

“As a company they are doing very well,” he said. “Even in this slow market, they continue to outperform the other stores in their category.”

Ingalls said no firm date has been set for Best Buy’s South Coast debut.

“Late this year would be their hope — I mean, that’s optimistic,” he said. “We don’t actually have a deal with them yet.”

The retailer has stores in both Santa Maria and Ventura.

Support Noozhawk Today!

Our professional journalists work tirelessly to report on local news so you can be more informed and engaged in your community. This quality, local reporting is free for you to read and share, but it's not free to produce.

You count on us to deliver timely, relevant local news, 24/7. Can we count on you to invest in our newsroom and help secure its future?

We provide special member benefits to show how much we appreciate your support.

Email
I would like give...
Great! You're joining as a Red-Tailed Hawk!
  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.