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#365495 - 02/02/12 07:49 AM Best Buy Bye Bye
CatBrat Offline
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Registered: 08/05/09
Posts: 6015
Loc: Milky Way Galaxy
One of the 3 Best Buy stores near me is having a going out of business sale the next 2 weeks. Has anyone else seen this in their neck of the woods, or is this just an isolated event?

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#365497 - 02/02/12 08:03 AM Re: Best Buy Bye Bye [Re: CatBrat]
St_PatGuy Offline
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Registered: 03/07/05
Posts: 7463
Loc: Glendale, Arizona
I've been noticing Best Buy stores on financial watch lists pegged to not survive the near future. I guess that is happening sooner than expected?

Haven't been inside a Best Buy in quite some time. Ever since they shrank their CD department, I've had no need to go there.
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#365518 - 02/02/12 11:07 AM Re: Best Buy Bye Bye [Re: CatBrat]
Adrian Offline
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Registered: 12/27/08
Posts: 6888
Loc: It's all about the location.
Didn't know they were closing any stores, they bought out Future Shop here years ago(same type of store). If BB goes under then I guess so would FS...who would take over the need for TV, stereo ect? maybe the mom and pop stores come back, or maybe Walmart would take over everything?
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#365535 - 02/02/12 12:27 PM Re: Best Buy Bye Bye [Re: Adrian]
casey01 Offline
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Registered: 07/03/08
Posts: 852
Loc: Toronto
Originally Posted By: Adrian
Didn't know they were closing any stores, they bought out Future Shop here years ago(same type of store). If BB goes under then I guess so would FS...who would take over the need for TV, stereo ect? maybe the mom and pop stores come back, or maybe Walmart would take over everything?


It is kind of interesting but an electronics retailer that despite all that has happened and seems to have been been growing in recent years(around these parts anyway) and giving BB & FS a run for their money is the Canadian operation 2001 Stereo. Last spring I picked up a top end model Yamaha AVR for a great price and their stores actually are quite large(very deceiving from the outside in size)and I noticed a significantly larger number of choices in large screen model monitors from the various manufacturers than at the competition, at very competitive prices.

Like Circuit City(gone) and others, these large chain retailers in the US have been suffering somewhat more than their counterparts in Canada.

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#365538 - 02/02/12 12:43 PM Re: Best Buy Bye Bye [Re: CatBrat]
CatBrat Offline
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Registered: 08/05/09
Posts: 6015
Loc: Milky Way Galaxy

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#365547 - 02/02/12 01:21 PM Re: Best Buy Bye Bye [Re: CatBrat]
Happy Birthday nickbuol Offline
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Registered: 09/16/04
Posts: 5325
Loc: Marion, IA
I only go into a BB for a rare Blu-Ray deal. I used to love going into that store years ago...
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#365549 - 02/02/12 01:55 PM Re: Best Buy Bye Bye [Re: CatBrat]
medic8r Offline
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Registered: 02/05/06
Posts: 6469
Loc: Fredericksburg, Virginia
I forget if I linked to this in a thread when the article came out (a month ago). From Forbes magazine: Why Best Buy is Going out of Business ... Gradually

It caused quite a stir. The CEO of Best Buy responded.

Finally, the author toots his own horn some more and continues to beat the dying horse here.
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#365555 - 02/02/12 02:16 PM Re: Best Buy Bye Bye [Re: CatBrat]
CatBrat Offline
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Registered: 08/05/09
Posts: 6015
Loc: Milky Way Galaxy
Hmmm. I ordered 4 blu-ray movies from Amazon yesterday at low sale prices. I guess this explains why.

My movie collection.


Edited by CatBrat (02/02/12 02:19 PM)

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#365556 - 02/02/12 02:19 PM Re: Best Buy Bye Bye [Re: CatBrat]
tomtuttle Offline
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Registered: 06/20/03
Posts: 8488
Loc: Tacoma
I appreciate the diversity in the marketplace, and the ability to go there and get something RIGHT NOW.

When I wanted a cheapish laptop for my daughter, the best value I found was at BB. When I wanted a particular brand of garbage disposal TODAY, the only place in town that had Waste King was BB.

There's a big difference - to me - between being able to get anything on the internet and HAVING to get everything via the internet.
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#365582 - 02/02/12 08:42 PM Re: Best Buy Bye Bye [Re: medic8r]
fredk Offline
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Registered: 12/06/07
Posts: 7786
Loc: Canada
Thanks for the link JP. I had no idea, though I admit there is nothing drawing me into the store.

My favourite line from the article:

"In many years (OK, many, many years) as an entrepreneur, investor, and consultant working with Fortune 500 companies, I’ve found there are two kinds of senior executives. There are those who see mistakes as an opportunity to improve their business and those who waste their energy explaining away real problems."

I've worked for both types and the latter are not a lot of fun to work for.

So, Wallyworld for direct pickup and Amazon for everything else?
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