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[CNet] Best Buy feels Amazon squeeze, to close 50 big-box stores

post #1 of 207
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Quote:
Selling consumer electronics isn't as easy as it used to be for Best Buy. The big-box retailer is closing 50 stores and compensating employees based on customer service after its fiscal fourth-quarter sales fell short of expectations.

The company today reported a fiscal fourth-quarter net loss of $1.7 billion, or $4.89 a share, on revenue of $16.63 billion, up 3 percent from a year ago. That loss includes charges related to Best Buy's decision to buy Carphone Warehouse's stake in Best Buy Mobile partnership. Best Buy also reported a write-off due to Best Buy Europe as it closed United Kingdom stores.

Source


You mean Worstbuy? biggrin.gif
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post #2 of 207
Easy, lower your ridiculous overhead on prices and you'd keep your customers.
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post #3 of 207
You mean BestButt?
 
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post #4 of 207
Quote:
Originally Posted by beers View Post

Easy, lower your ridiculous overhead on prices and you'd keep your customers.
Of course. Also with Amazon Prime, I pay 4 extra dollars to get it next day, and would STILL be cheaper than BB.
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post #5 of 207
Terrible store good riddance. Sorry retail people.confusedsmiley.png
post #6 of 207
It's not so much their prices but really limited selections and that most seem to be filled with a majority of purely people who don't know much about tech. It's not to say all of them are idiots but a lot are. That said I'll miss being able to talk down the price of a floor model if they close down the one nearest to me. That said...I've yet to actually buy something from Amazon besides CDs and Blurays.
     
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post #7 of 207
Quote:
Originally Posted by beers View Post

Easy, lower your ridiculous overhead on prices and you'd keep your customers.

This.
    
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post #8 of 207
Best Buy Y U NO HAVE 680GTX?
    
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post #9 of 207
Thread Starter 
Quote:
Originally Posted by beers View Post

Easy, lower your ridiculous overhead on prices and you'd keep your customers.

The real problem is they have too many employees and they aren't even remotely competitive, indeed, like you say... thumb.gif
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post #10 of 207
Quote:
Originally Posted by beers View Post

Easy, lower your ridiculous overhead on prices and you'd keep your customers.

this. their mark up on electronics in general are just insane.

but thats why i have my sister buy my stuff and i just pay her back. she gets a crazy discount on certian things.
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