Best Buy, the world’s largest retailer of consumer electronics, said its Shanghai stores are selling more Chinese brands at the expense of Japanese and Korean brands, the Financial Times reported. Bob Willett, head of Best Buy’s international division, said that sales of local brands like Lenovo, Haier and TCL have increased 30-40% while sales of foreign brands like Samsung and Sony have declined over 50%. The trend could indicate an increasing national preference for buying domestic brands. Best Buy recently announced strong first-quarter results, increasing profit margins even as overall sales declined. It continues to see strong growth in the sales of notebook computers and smart phones.