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[Engadget] Best Buy CEO Brian Dunn unexpectedly resigns - Page 5

post #41 of 70
Brian Dunn did pretty well for a guy who never went to college.
post #42 of 70
we met him once back when i worked at Best Buy...he is so fake it hurts....
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post #43 of 70
it would be nice to see them restructure into something good.
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post #44 of 70
Quote:
Originally Posted by Tempest_Inc View Post

You have to remember, that the current prices help sustain the stock prices for the holder. Most people would bail on the company if they all of a sudden held a decent markup on products and stopped gouging.

Most stock holders care about long-term value though. If those short-term markups end up really really hurting future value of the company, they can be unhappy as well.
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post #45 of 70
@ Duckie

When I worked there for a short time even their TV's had rather large margins.

Employee discount was 5% above store cost. and a $2300 TV at the time would have only cost me $1500 that was one of the extreme cases, but either way at least at the time their margins where really high.

Hell even most of walmart's TV's have a 23-35% margin.
     
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post #46 of 70
I don't see the big deal with BB marking up their prices though, I understand they have overhead and all...but if they're selling more because their prices are lower, wouldn't that more than make up the difference? They'd surely be making more money than they are now, that's for sure. So what if you have to sell 2 more tv's for every 20 to make up the difference....you'd be selling them alot faster because the price would be decent. It's better than only selling 5 maybe 10 tv's because the price is too high and end up taking losses all around.
    
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post #47 of 70
When was the last time you bought something at Best Buy? Thought so. It's a pretty poor shopping experience.
post #48 of 70
When i worked at bb the managers that ran it were shady to customers and sometimes would flat out lie to make projected numbers. They want you to sell 12grand in stuff for them a day but want to pay you min wage so they get nothing but kids who could careless. I would be surprised if the company lasted another 2 yrs. I give them 4 if they tear down the stores and make nothing but mobile kiosks those were the only people in the store that profited all the time and actually got paid a decent wage.
post #49 of 70
It's so funny that I see this thread because I just went into a Best Buy today and it was totally empty (it was around 3PM and all the schools are out for spring break, so you'd think there would be a lot of teens in there), there was like 10 employees doing absolutely nothing but chatting and giggling, while only ONE asked if I needed help. The only reason I went there is because I found a gift card on the top of my desk, so I figured I'd go buy something there before it expires or before BB goes out of business. Finally someone else came in and came straight to the laptop area, and about 5 employees came running to help this person. I stayed around just to hear their conversation, and laughed literally out loud when this kid didn't know what he was talking about. Sometimes I just want to come over and slap them. I tried getting a job at BB a long time ago, and I'm glad I didn't. First of all because their ways of interviewing people is ridiculous. First you have to fill out an application online which took about an hour because you have to take these "personality" tests. After that you have to get interviewed 3 times, and if you're lucky, you get the job. Which I'm glad I didn't. And another complaint, I hate their checkout line. They try to make it like a grocery store, putting candies/sodas/DVD's/magazines/gift cards/USB storage/etc... I know it's convenient for some people, but it just makes me think that all they care about is your money, which is upsetting.
post #50 of 70
When I think of BB this is all that comes to mind:



Stupid kids.
 
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