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I believe that most all of Best Buy's growth is in online sales. Store sales are flat. They did just have a good quarter, but that is after quite a few years of flat sales. So that just means that they will be around for a few more years. As I said you can delay the demise of brick and mortar, but you can't stop it.
20 years ago Best Buy was my go to place for electronics, but I don't think I have been in a Best Buy in the last 10 years. I do check the Best Buy website a lot, but I don't think I have bought anything from Best Buy in the last three or four years. I usually find better prices on electronics from Amazon Marketplace.
I remember exactly how my local Toys R' Us was set up. There was an underground parking lot as well as parking in front. The underground parking was the most fun. You'd walk up what seemed like a maze with ramps going up to the main level. When I was a kid, we used to race up and down those ramps. You'd pop out in the front of the store. They had a whole corner of the store dedicated to video games. I remember buying an Xbox the day before Thanksgiving there. I also remember buying Nintendo 64 games at counter in the back with the receipt, buying the "game boy advance" etc. I remember it in such vivid detail to, it's scary. I remember what the cashiers looked like, their names and the conversations they had with my mother at the time.
A lot of memorable experiences in that place for me.... *Le sigh*
I believe that most all of Best Buy's growth is in online sales. Store sales are flat. They did just have a good quarter, but that is after quite a few years of flat sales. So that just means that they will be around for a few more years. As I said you can delay the demise of brick and mortar, but you can't stop it.
20 years ago Best Buy was my go to place for electronics, but I don't think I have been in a Best Buy in the last 10 years. I do check the Best Buy website a lot, but I don't think I have bought anything from Best Buy in the last three or four years. I usually find better prices on electronics from Amazon Marketplace.
That's where I'm different from the majority I guess. I go to Best Buy almost weekly. I buy movies there, and if need, TV's, computers etc. I just like physically going some place, seeing the product with my own eyes, buying it and coming home with it all right then and there. I also like to not have to deal with shipping in case something is defective and I have to exchange it for something else. With a store, that same day I can go and exchange a defective item. Online, I'd have to ship it back, and then wait for them to ship me a replacement.
I thought I'd heard it all, but this takes gumption the likes of which I've never heard. A financially insolvent company sets up a Gofundme and convinces people to give money in an effort to pay their creditors, assuring the company's temporary survival, so the company can make more money off donors in the future selling them their overpriced wares. Or worse, they'll just disappear with the donors' money in a soon to be completed bankruptcy filing The old adage is true: "A fool and his money are soon parted."
When I was a kid, there were no store-bought toys at all. We survived and were the better for it, as our play activities were focused on interaction between ourselves, rather than on some pieces of over-priced plastic junk.
When I was a kid, there were no store-bought toys at all. We survived and were the better for it, as our play activities were focused on interaction between ourselves, rather than on some pieces of over-priced plastic junk.
Then you must be really appalled by where we are now. At least with those plastic pieces of junk, imagination was required and there was still plenty of interaction with other people/kids a lot of the time. At least relative to now. Now most people are anti-social zombies that can't be away from their cell phone and social media for more than 5 minutes or they actually experience legitimate withdrawal symptoms.
I can remember taking my daughter to a Toys R Us and it really was just a place to go buy stuff that was already "sold" by TV commercials. Really, the sales are already made via the television. Might as well just buy it online.
And unless you have a ton of money, you just keep having to tell your kid that they can't have everything they want as they go blind with desire, overwhelmed with everything in every aisle.
I dunno. I can't stand big stores and crowds and noise. But, really, you can still take your kids or grandkids to the toy section of Walmart or any other number of big stores.
And I agree that Toys R Us put the little guys out of business. Even then, I could feel sorry for the little business owners who were bankrupted by Toys R Us, but I never would have given them my own money as a donation. They never asked me if I needed any money to fund my life lol. But, a huge corporation? Never.
The money does not go to Toys R Us. Your donation goes to a group of investors who will buy assets of the company if they get sufficient funds. It's clearly stated in the link.
"FREQUENTLY ASKED QUESTIONS:
Q: How is MGA Entertainment involved?
A: MGA Entertainment is not financially involved in this endeavor. Isaac Larian, the CEO of MGA Entertainment, and various investor associates have pledged over $200 million toward a $1 billion goal.
Q: How is Isaac Larian involved?
A: Isaac Larian is leading a group of investors in the campaign to #SaveToysRUs.
Q: How will the contributions be used?
A: The donations will be used in the formulation of a bid to acquire all or some Toys“R”Us assets through the bankruptcy process.
Q: What happens if we don’t meet the goal?
A: If your donation is not used to achieve the purchase of Toys“R”Us in some form, it will be returned to you.
Q: When will I receive my pledge reward?
A: All toy and experience related prizes are contingent upon a successful acquisition of Toys“R”Us. This includes special edition #SaveToysRUs toys, Little Tikes® products, any prize inclusive of travel and accommodation, block parties, store plaque, store naming and Toys“R”Us toys. For all other items, please allow up to 90 days for shipping.
Q: If I contribute more than once, will I receive multiple rewards?
A: Yes, if you contribute more than once you will be eligible to receive all rewards associated with your contribution.
Q: Who can I contact for additional questions not answered here?
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