BestBuy.Com

[DanK Best Buy Employee]

Person A: "Best Buy needs to reduce square footage to stay competitive in today's market."

Person B: "Best Buy is closing some big-box stores? They must not be able to stay competitive."

See the contradiction? Personally, I'm excited to see the growth of smaller-box and Best Buy Mobile standalone stores. They are FAR more profitable.

[Flustered]

The issue that electronic stores are facing is simple. Like the slogan from the Mervis Diamond Importers radio commercials, "Nobody pays retail anymore, why should you?"

Generation Y is coming of age and we are turning everything on it's head, as we should.

A large chunk of profit for electronic stores was Generation Y spending their parents money on no-discount no-coupon full fledged retail price purchases. Now that Generation Y has come of age and it's their own hard earned money being spent, guess what, you better believe it's going to be a maximum coupon, maximum price match, maximum discount purchase so that instantly rules out purchasing from Best Buy.

Plus we're all about instant gratification, and we're slightly anti-social from growing up with and learning from devices, and not people directly.

On another topic: Best Buy is evil. They overprice their items and overwork their employees.

The people in charge of Best Buy remind me of the people who run those commercials targeting naive consumers trying to get them to finance a $100 refurbished Dell computer, complete with a POS $20 inkjet printer and $50 19" sub-HD LCD monitor for over $1,000 plus very high interest.

Electronic indexes and queries is the future of mankind. Who knows, maybe Google or Amazon will reinvent the brick and mortar store into something better.

[Jimmienomam]

If you read the full article then you would know while they are closing 50 profit loosing stores, they are opening 100 mobile stores in malls along with 50 more stores in China.

That doesn't sound like a store going out of business.

[CrimsonRain]

---

Jimmienomam wrote:
If you read the full article then you would know while they are closing 50 profit loosing stores, they are opening 100 mobile stores in malls along with 50 more stores in China.

That doesn't sound like a store going out of business.

---

Cmon man, this is how people are today with the craziness of social media and sensationalized news. No one wants to read everything, They just want to read the bad stuff. Bad news sells. That's why your nightly news shows the bad news first!

Bottom line: Best Buy is restructuring and it has been on that plan for the last 3 years. They are doing what any well-run busienss would do: cut out the fat and be more efficient. No one wants to talk about stores closing and people losing their jobs, but you gotta cut off the infected limbs to let the rest of the body heal. Profitable stores can't hold up the unprofitable ones forever.

[shesaidshehad1]

My sister works for best buy and i am a loyal shopper there.  It woulf royally suck if this was true.