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[MPC] Best Buy Releases the List of 50 Stores Being Closed Next Month

post #1 of 71
Thread Starter 
Quote:
Best Buy has been in the news quite a bit lately, and while some might argue any publicity is good publicity, I’m not sure even they would defend the latest coverage. First their CEO leaves amid a sea of controversy, and today they confirmed the list of 50 retail stores getting the axe.

Most of the stores on the list have secondary locations nearby, but it still isn’t a great sign for the company’s future. The vast majority of these closures are expected to be completed by May 12, but some variation is of course possible. It is also unknown if we will see any blowout sales to clear the shelves, or if inventory will simply be shifted to other locations.

Best Buy posted a $1.7 billion loss in Q4, and has been struggling with ways to reduce costs ever since. Is this the end of the big-box electronics era? Let us know what you think in the comments below.

Source
 
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post #2 of 71
You know they lose a whole lot of money to theft and they don't do much about that
post #3 of 71
I'll be extremely surprised if they're not out of business by this time next year.
post #4 of 71
Isn't this old news?
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post #5 of 71
Karma sucks.
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post #6 of 71
Thread Starter 
Quote:
Originally Posted by WizrdSleevz View Post

Isn't this old news?

This is the list of stores closing. The previous was just the announcement.

Guess you didn't read the source…
 
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post #7 of 71
By 2014 is my prediction.

Would want them out of business even sooner honestly. Oh well.
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post #8 of 71
One of the stores they are closing is down the road from me, on my way to work, is pretty useless to begin with. It's a much smaller than the normal sized Best Buy. They killed their sales right there. If you are not gonna open a full sized/featured store expect it to fail. I used to browse Best Buys/Circuit Citys years ago on a regular basis but with the cost of gasoline at $4 a gallon and the ease of internet orders... I'd rather stay home and shop from my PC.
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post #9 of 71
Honestly I'd be bummed if the Best Buy close to me closed down.

True they are almost always more expensive then Newegg or any other online retailer. True they are pretty much "fail" at customer service. True as well that half the people working there really have no clue what they are doing but even still it's a nice time killer to just go there and look at all the crap.

I dunno very rarely do I ever buy anything from them but as I said I do enjoy at looking at their stock.
post #10 of 71
Darn. the one in my town isn't closing.
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