Friday, March 30, 2012
BB Gets AA'd
Here is a BusinessWeek article on Best Buy, which is closing 50 stores this year. The article credits Amazon for impacting BestBuy's sales. I believe Apple's retail stores are also playing a part in Best Buy's struggles, and this will only get worse when (if?) Apple releases its TV. The article fails to mention another fact, or at least my strong personal opinion - shopping at BestBuy is an awful retail experience. The stores are too big, staff is not knowledgeable, inventory is too varied and the checkout is painful. I am not looking forward to having another retailer leaving empty big box stores. There are limitations on the number of Halloween stores that can open.