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#1 Top heavy management. The first thing they do is cut what they view as the easiest. Cut costs so cut help. Now they are going after small business when in this economy small business is being besieged with increased operating costs. Next generation connected stores?. What is that, Internet?. Retail stores are big money hole where a few will do well but many will not. Perhaps share space and store help in prime market areas. In Norway they cut their postal service to where them get mail on the Internet. They have postal parcel/mail services at food markets or other high traffic locations. Norway is Socialist so maybe they can do that there. The government controls everything. Wait!, they do that here.
Posted by Dale 2012-07-08 07:20||
#2 How can you lose money selling HDMI cables for $325.00 each?
Posted by M. Murcek 2012-07-08 08:06||
#3 They can go bankrupt. Tomorrow please. I can't stand that store and I refuse to walk into one.
Posted by Steve White 2012-07-08 10:04||
#4 Geek Squad is why we bought our computer from them. Good luck on cutting that out.
Posted by Perfesser 2012-07-08 10:56||
#5 if you remember Best Buy was a platinum sponsor of some Minnesota CAIR confab earlier this year
shows brilliant management
Posted by lord garth 2012-07-08 12:09||
#6 Best Buy's decline is best summed up by the term "showrooming". It's the trend by which prospective consumers visit a bricks and mortar facility to compare products then purchase elsewhere at lower prices. Many years ago Best Buy made a strategic decision to eliminate the role of "commissioned sales". Why buy from a glorified order taker with diversity training when you can get a better value with a click of the mouse?
Posted by DepotGuy 2012-07-08 12:09||
#7 Many corporations are downsizing at this time. Dividend payouts are very good right now. Anyone now employed must be cross trained and must multi task. I see workers in most occupations being rented. Let someone else deal with the payroll, benefits and government demands.
Posted by Dale 2012-07-08 15:25||
#8 The two advantages bricks & mortar have over on-line are trained salespeople who know the product and you can get it *now*. Circuit City demonstrated how not to take advantage of that by firing all their trained salesforce.
Shedding personal is the classic symptom of a failing company, the mastodon flailing in the tar pit.
Posted by SteveS 2012-07-08 15:46||