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Old 04-18-2012, 09:47 AM
 
2,109 posts, read 3,591,551 times
Reputation: 2064

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BB has been in the news recently - please see thread on same page
BEST BUY IMPLODES: Misses Revenue, Firing 400, Closing 50 Stores
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Old 04-18-2012, 10:14 AM
 
8,402 posts, read 20,366,437 times
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I laugh every time I see that ridiculous headline. Did that article start in The Enquirer or Star rags?

What BB is doing is hardly a blip on their P+L.
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Old 04-18-2012, 10:18 AM
 
Location: The 12th State
22,974 posts, read 58,632,256 times
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Quote:
Originally Posted by HarryPotterFan11 View Post
The Best Buy in Monroe, NC. In the shopping center called, 'Poplin Place' is supposed to close it's doors on May 12th. I heard more Best Buys are shutting down around the area as well. I was just wondering as to why it was shutting down? And does anyone know what will be put in it's place? Because it's an awfully big area and I thought that it would be a perfect place for a Barnes and Noble and/or any other book store.
This post was moved from another thread, but due to the amount of posts in this thread it was at the bottom of the previous page.
This member has valid questions that is a local concern.
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Old 04-18-2012, 10:19 AM
 
Location: Charlotte NC
11,808 posts, read 9,396,523 times
Reputation: 5273
Quote:
Originally Posted by HarryPotterFan11 View Post
The Best Buy in Monroe, NC. In the shopping center called, 'Poplin Place' is supposed to close it's doors on May 12th. I heard more Best Buys are shutting down around the area as well. I was just wondering as to why it was shutting down? And does anyone know what will be put in it's place? Because it's an awfully big area and I thought that it would be a perfect place for a Barnes and Noble and/or any other book store.
Book Store? I don't think so...
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Old 04-20-2012, 07:56 AM
 
Location: Huntersville, Nc
22 posts, read 60,525 times
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I work for retail buying side and all major companies plan for multi sell channels and their prices vary by the channel. I always go to Best Buy to demo an item and then buy it online. On the other hand, Apple products are the same price in the store or online, so I like to buy these at the apple store only since I can play with it and if I like it I buy it. Heck!! even ACE hardware has different prices for web and store, and at the store they match their online price. BB is its own undoing.. they definitely need to remodel their business before it becomes the next Borders.
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Old 04-20-2012, 11:02 AM
 
Location: Ayrsley
4,714 posts, read 8,482,679 times
Reputation: 3814
Quote:
Originally Posted by BrianH1970 View Post
I wouldn't go into ANY store asking a ton of questions of ANY employee for any reason. If you're ready to plunk down 400, 500, 700, 900 dollars on an item you damn well have better done your research before you step into any establishment with your cash or credit card in hand. If you rely on some of those Best Buy employees to assist you with your decision (any sales person for that matter who doesn't have any real out of the store experience with what you're looking for), you're asking for an issue.

As an audio and video enthusiast I've overheard more misinformation coming from the mouths of their employees to know to not trust them.
You mean a $100 set of HDMI cables they try to push are NOT better than a $15 set you can buy on-line.
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Old 04-20-2012, 12:13 PM
 
Location: Charlotte, NC (in my mind)
7,946 posts, read 15,055,318 times
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50 stores really is hardly the end of Best Buy. They overexpanded in the late '90s and early '00s. That said this should be a wake up call for them. They can't compete with Amazon on price but they need to make some serious changes to their business practices to become more competitive in areas where they CAN do well.
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Old 04-20-2012, 08:23 PM
 
5,902 posts, read 7,755,477 times
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Quote:
Originally Posted by box_of_zip_disks View Post
Maybe now that nobody buys physical media, but for years Best Buy sold new releases at $8 or $9, which is wholesale price.
I was one of the few people that actually bought CD's, actually just bought a couple from Target the other day, and I don't really remember Best Buy selling many new releases for $8 or $9. But I doubt even $10 for 10 songs on a CD is "selling at a loss." Slightly before the demise of CD's (but when there were first signs that it might be coming) I seem to remember an article saying that the music industry was planning on selling all CD's for $9.99...guess that never really happened.
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Old 04-24-2012, 08:20 AM
 
Location: Sun Valley area
6 posts, read 5,817 times
Reputation: 10
My husband is sad to see the store close, but even he can't remember the last time he actually bought anything from them.
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