I hardly ever go into the store anymore. If I do it is to pick up my items I ordered online. There is one a few miles away, so it is easier, quicker, and cheaper to order online and pick up the store. When you do that, you don't have to wait through the checkout line.
-----Original Message----- From: Cameron Childress [mailto:[email protected]] Sent: Friday, March 30, 2012 9:02 AM To: cf-community Subject: Re: Best Buy to Close 50 Stores, Posts Loss on Restructuring Charges Yeah I saw this as I was getting ready this morning. Interesting to me because just last night I was watching a CNBC special called "The Big Box Fights Back" that was all about Best Buy's origin and how it's survived as companies like Circuit City failed. When I originally tuned in, another show was actually on the schedule at that time. So I suspect this news was announced after the closing bell last night and CNBC shifted this on the schedule since it would get more viewers. At any rate, the show focused alot on how successful the Geek Squad part of the business is. I think having smaller stores is a good move. If they are getting beat out by online retailers, they need to improve their website and use the locations more like showrooms. Apple does this to great effect. If Best Buy could use the Geek Squad replicate Apple's "Genius Bar" for all electronics I think they'd have a real draw too. Shipping large items from a central warehouse with fewer at the store is not a bad idea either, and would allow one large facility to support more smaller stores. -Cameron On Thu, Mar 29, 2012 at 8:06 PM, Jerry Barnes <[email protected]> wrote: > > Best Buy Forced to Rethink Big BoxJ > > > Best Buy Co., BBY -6.95% which once out-muscled rivals with stores as > big as 58,000 square feet, is moving away from the "big box" business > model that it long used to crush competitors in consumer-electronics retailing. > > The electronics giant-now itself being out-manuevered by Internet > rivals with lower operating costs-plans several new tactics to improve weak sales. > > On Thursday it said it will close 50 big-box stores this year, and > test remodeled store formats in San Antonio and Minneapolis. It will > also lay off 400 workers as part of a plan to trim $800 million in > costs and restructure its ailing business. > ... > Many analysts said the move to rethink the purpose of Best Buy stores > was long overdue, noting that closing 50 out of 1,100 big stores > amounts to a reduction of just 4.5%. Many had labeled as inadequate > Best Buy's previous pledge to shrink its square footage by 10%. > > > > http://online.wsj.com/article/SB10001424052702303404704577311322427071 > 212.html?mod={%22WSJ_GoogleNews%22,%20%22igoogle_wsj_gadgv1%22} > > > - > > Ninety percent of politicians give the other ten percent a bad reputation. > - Henry Kissinger > > Politicians are people who, when they see light at the end of the > tunnel, go out and buy some more tunnel. - John Quinton > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:349222 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
