1) New strategies for home appliances - people rarely buy big white appliances online - strike exclusive distribution deal with low-cost, decent-quality brand (e.g. Haier) - establish Geek Squad for home appliances - strike a deal with manufacturers to assume manufacturing warranty with in-house Geeksquad for discounted prices - sell option to replace the same appliance in the future at discounted prices (e.g. for an appliance with 10-year expected life offer 30% off if replaced after 3 years or 50% after 5 years - option expires after 6 years) - offer long-term leasing (e.g. recurring $400 for every 5 years for a worry-free lease of washer and dryer)
2) Send solicited or insolicited bid to distribute all possible home appliances in new property developments, especially multi-unit apartment buildings. - each branch has a person/team to monitor and pursue opportunites
3) Capitalize frugal innovations - send a team to Dragon Mall (see the Economist this week) to identify 10-15 less-than $30 items for a special corner in store - not exclusively electronics, think about emulating Sharper Image store - could change seasonally so that people have a reason to stop by stores
4) Sell refurbished electronics with limited warranty
Disclaimer: Use any of these ideas at your own risk.