Best-Buy

  • Best Buy To Price Match Amazon And Other Online Retailers This Holiday Season

    Best Buy To Price Match Amazon And Other Online Retailers This Holiday Season

    By raise of hands, who goes to Best Buy to try something they intend to buy on Amazon or Newegg? Everyone? In what could be the retailer’s smartest move in years, Best Buy intends to match the prices of online retailers including Amazon this holiday season. The word comes from the WSJ which reports Best Buy is attempting to increase store’s close rate by preventing showrooming. Read More

  • Best Buy Posts Fiscal Q2 2013 Results, Misses Expectations: $10.55B In Revenues, EPS Of $.20

    Best Buy Posts Fiscal Q2 2013 Results, Misses Expectations: $10.55B In Revenues, EPS Of $.20

    Best Buy just released its fiscal Q2 2013 earnings a few moments ago (one day after announcing its new CEO no less), and it looks like the company’s financial woes aren’t over just yet. The beleaguered electronics retailer reported total revenues of $10.55 billion (down roughly 3% from the year-ago quarter) and adjusted operating income of $124 million, which breaks down to… Read More

  • Best Buy’s Stock Price Tumbles After Naming Its New CEO

    Best Buy’s Stock Price Tumbles After Naming Its New CEO

    Best Buy has been navigating some rough seas lately, but it would seem the company has finally found the skipper it’s been looking for. The Wall Street Journal reported earlier today that Best Buy has hired former Carlson CEO Hubert Joly to take over the CEO position from placeholder Mike Mikan. Joly is slated to begin his tenure at the Minnesota-based company in September —… Read More

  • Inside Best Buy: An Anonymous Store Manager Speaks About Recent Changes

    Inside Best Buy: An Anonymous Store Manager Speaks About Recent Changes

    From the outside, we early adopters see Best Buy as a dinosaur in a dying world. The company recently announced the closing of 50 stores in the U.S. and 400 layoffs, mostly in corporate. It would be easy to say “Good riddance” and ignore the slow decline of bricks and mortar, but I wanted to speak to someone inside the company. I got a hold of a manager who wished to remain… Read More

  • Best Buy To Shut 50 Stores In Streamlining Effort

    Best Buy To Shut 50 Stores In Streamlining Effort

    TechCrunch’s Best Buy tag isn’t exactly a heartening place to visit. In the last few months, it “stole Christmas,” been “finished,” and is now “going out of business.” Dire straits indeed for a company that has defied the odds not only against big retail competition but against deadlier online opponents as well for nearly 50 years. But an… Read More

  • Why Best Buy Is Going Out Of Business

    Keen On… Larry Downes: Why Best Buy Is Going Out Of Business (Not So Gradually)

    Sometimes it’s the quiet ones who end up doing the most damage. I always thought of Larry Downes, the co-author of the mega-selling Unleashing the Killer App, as an unusually gentle and wise soul. But this was before Downes unleashed his all-too-critical powers on Best Buy, transforming himself from a cerebral author into a bomb throwing critic of America’s leading consumer… Read More

  • Is Best Buy Really Finished?

    Is Best Buy Really Finished?

    I was just reading over the excellent (and long) story about Best Buy at Forbes and wondered, in light of today’s B&N announcement to pull the Nook financials out of their sinking brick-and-mortar business, whether stores like Best Buy and media giants like B&N need to exist at all. First, before we begin, let’s talk about the Forbes’ article’s money shot: But… Read More

  • How Best Buy Stole Christmas

    How Best Buy Stole Christmas

    “I wouldn’t touch you with a thirty-nine-and-a-half foot pole.” There’s a bit of inherent risk when shopping online. You’re handing over your credit card to a retailer that promises to ship you something in return. Most of the time transactions are completed without issue and orders are fulfilled as promised. Sometimes things go awry, though. And sometimes Best… Read More

  • The Kindle Fire Bests The iPad At BestBuy.com, Becomes The Retailer’s Best Selling Tablet Online

    The Kindle Fire Bests The iPad At BestBuy.com, Becomes The Retailer’s Best Selling Tablet Online

    Be careful, the Kindle Fire is hot. Burning up you might say. Get it? Because it’s the Fire? Never mind… Amazon’s first foray into the tablet world seems to be a runaway success. The Fire has occupied the top spot on Amazon’s best sellers list for weeks even prior to the device shipping. Now, at Best Buy, the $199 Fire sits higher the 16GB iPad as the top selling tablet… Read More

  • Best Buy’s Latest TV Ad Reminds Everyone That They Sell Apple Products

    Best Buy’s Latest TV Ad Reminds Everyone That They Sell Apple Products

    Apple Stores are awesome places to shop. All the latest Apple products are on tables, just waiting to be used and abused. The employees are generally very knowledgeable and they tend to let shoppers wander without pestering (they have an app for that). Oh, and the free tech support at the Genius Bar is, well, genius. The techs don’t try to sell unknowing customers surge protectors or… Read More