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ChiquiLion

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  • Best Buy's Business Is Worth More Than You Think [View article]
    The highest price we should be seeing for BBY is between $30-$35. Anything more than that would tend to indicate marketplace and market share growth above what has been the average for this stock. The low $20 range we are seeing now tells me that investors are still waiting for something to shake out. They approve of the new leadership at the top, and agree with the actions being taken, but there are still more questions than answers. IMHO, Wall Street made their own magic with Best Buy, and now the price has fallen to more realistic levels. Any pump between now and August is incidental....Unless we see some "must have" electronic gear pop, this is the range we should be in for this stock.
    Mar 20, 2013. 02:25 PM | Likes Like |Link to Comment
  • Best Buy's Business Is Worth More Than You Think [View article]
    You need to remember, what Best Buy offers isn't an extended warranty, but a product service plan. They don't own that coverage, so they don't really make those big profits from selling them. The BIG BUCKS comes from Geek Squad services.
    Mar 20, 2013. 02:15 PM | Likes Like |Link to Comment
  • Best Buy's Business Is Worth More Than You Think [View article]
    Best Buy doesn't sell " extended warranties" anyway, so a pox on BOTH your houses.
    Mar 11, 2013. 11:04 AM | Likes Like |Link to Comment
  • Unspinning The Best Buy Saga: Schulze The Vulture [View article]
    Ignore the Wall Street hype...stay the course. My first BBY shares were valued at $3.17, and in a few short years (relatively speaking) helped me buy my first home. BBY management hasn't been sitting on it's hands during all of this, either.
    Dec 16, 2012. 10:40 AM | 1 Like Like |Link to Comment
  • Best Buy (BBY +0.2%) plans to match the prices of Amazon this holiday season in order to cut down on the number of shoppers who sample items then leave the store to make an online purchase. The aggressive move comes despite previous protestations from the firm that the "showrooming" effect is exaggerated and with the retailer's new E-commerce head making noise[View news story]
    Gee...does everyone live in "flatland" around here? Just because reports of consumers "show rooming" might well BE exaggerated, do you think that means that Best Buy can't take advantage of the situation...no matter how small that percentage might be, those are STILL customers willing to spend in your store!

    Sometimes, I believe you people over think this stuff...
    Oct 19, 2012. 11:23 AM | Likes Like |Link to Comment
  • Best Buy's (BBY -1%) pledge to match the prices of online rivals is limited to a case-by-case basis with some sales associates empowered to hash out price breaks with customers on the spot. The matching prices will only apply to 20 online sellers, headed up by behemoth Amazon as well as pure Internet plays Newegg.com and Buy.com. [View news story]
    Just took care of one myself...only a simple override on price required. Some Best Buy stores have been on this plan for a while, which is probably why you are seeing it rolled out to the rest.
    Oct 19, 2012. 11:01 AM | Likes Like |Link to Comment
  • Quick analyst reaction to Best Buy's (BBY) plan to sell its own tablet is muted at best. Despite the foray into the market right in front of the holiday season, a worrisome vibe remains on the retailer as an online pricing war with Target, Wal-Mart, and Amazon looms as a margin eroder. [View news story]
    If they can put product in the stores that drives customers through the doors, it's a win...plain and simple.
    Oct 19, 2012. 10:31 AM | Likes Like |Link to Comment
  • Interesting retail question of the day: On the topic of a plan by Target (TGT -0.1%) and Best Buy (BBY -1.1%) to match online prices, CFI Group's Sheri Petras can't help but wonder what happens to the shopper standing in line behind the saver who wants to scan 20 items on their phone in the hopes of trimming a few nickels on gum or batteries. Back to online shopping? [View news story]
    Sorry, but this is about the dumbest scenario I've ever read, when it comes to online vs B&M shopping.
    Oct 19, 2012. 10:27 AM | 2 Likes Like |Link to Comment
  • Best Buy (BBY) CEO Hubert Joly sees employee training as a key to keeping the retail chain's sales from slumping further. Part of the Joly's plan is to press the human factor with consumers to make Best Buy perceived as the ultimate point of reference for consumer electronics. [View news story]
    I'm not going to pass judgement on a man who has yet gotten his feet underneath him. I understand he's a turnaround specialist, but not familiar with retail. So, I'm going to put a little faith in our company history and those placed around him to make sure he understands what and who we are, before he starts making changes. I think it's sad the way things worked out, but there it is. It's a first for our company to have a CEO brought in from outside, and I only wish the best for him...and ourselves.
    Sep 11, 2012. 11:34 PM | Likes Like |Link to Comment
  • Best Buy (BBY) CEO Hubert Joly sees employee training as a key to keeping the retail chain's sales from slumping further. Part of the Joly's plan is to press the human factor with consumers to make Best Buy perceived as the ultimate point of reference for consumer electronics. [View news story]
    Bill, my first response was intended for "bbystock"; guess this board doesn't thread well. :/

    In answer to your question, I am a full time employee and not part of management. My first "interview" was with Brian Dunn back in 1994, when the company was expanding into Ohio. I like what I do, and I will attempt to guide employees who lack the skills of a professional/commission salesperson. But, I'm afraid my common sense style would not mesh well with those who believe that you must be formally educated in order to make a difference.
    Sep 10, 2012. 01:34 PM | 1 Like Like |Link to Comment
  • Best Buy (BBY) CEO Hubert Joly sees employee training as a key to keeping the retail chain's sales from slumping further. Part of the Joly's plan is to press the human factor with consumers to make Best Buy perceived as the ultimate point of reference for consumer electronics. [View news story]
    We went through a period like this back in '96...everyone was saying Best Buy is a goner...low periods in a business happen. But, the company was able to re-establish itself, and put some new programs in place that got it through the rough patch. We are going through this again, and the economy being the way it is doesn't help. Just about everything we sell is either a commodity or a luxury item. Let's face it; nobody NEEDS a 60" TV, a PS3, the latest laptop or camera to survive. So, as soon as things start turning around, and those new thingamajigs start hitting the shelves, sales will begin to pick up again. Let's face it, when all you have to hang your hat on is 3D-TV, things are going to slow down a bit. There really hasn't been a lot of "must have" electronics, other than iPads.
    Sep 9, 2012. 10:01 PM | Likes Like |Link to Comment
  • Best Buy (BBY) CEO Hubert Joly sees employee training as a key to keeping the retail chain's sales from slumping further. Part of the Joly's plan is to press the human factor with consumers to make Best Buy perceived as the ultimate point of reference for consumer electronics. [View news story]
    So, I take it you've not had sales induction training yet? And, not to split hairs with you, but I've been certified in D.I., Appliances, and Home Theater, and had MANY official trainings outside of the Learning Lounge. In fact, the only product I haven't had specific, hands-on, vendor sponsored trainings on is Best Buy's own brands. If all you're doing is reading the fact-tags, then you've not been trained. And yes, I speak from 18 years of Best Buy experience.
    Sep 9, 2012. 09:48 PM | Likes Like |Link to Comment
  • Best Buy Might Want To Accept Richard Schulze's Buyout Offer [View article]
    If you want to, you can shop for your electronics just about anywhere else, and then compare the knowledge base to what you find inside Best Buy. They have more trained and certified professional sales consultants than any other store. Their only fault is not being able to keep them once they're trained and having enough staff on the sales floor at peak hours.
    Sep 8, 2012. 01:55 PM | Likes Like |Link to Comment
  • Best Buy (BBY) CEO Hubert Joly sees employee training as a key to keeping the retail chain's sales from slumping further. Part of the Joly's plan is to press the human factor with consumers to make Best Buy perceived as the ultimate point of reference for consumer electronics. [View news story]
    Don't be fooled by my gray hair...I'm not 17. We already receive regular product and sales training, and have for years. Please find some new material.
    Sep 8, 2012. 01:35 PM | Likes Like |Link to Comment
  • New Best Buy (BBY +0.5%) CEO Hubert Joly says he will take to the floors of stores in Minnesota to help combat criticism that he doesn't understand the finer details of retail. The turnaround specialist may be rolling up his sleeves in a mostly symbolic move, but after the retailer misfired with its focus for the last two holiday seasons a bit of face-to-face with consumers roaming Best Buy stores won't hurt. [View news story]
    You make a good point, Bill. Maybe visiting the better run stores is a start, but he would need to dig deeper, into the worst performing stores, to actually get a feel for what should be changed about the company. It's been a long time since you could say a visit to one store was as good as visiting all of them. There are so many different styles, sizes, variants...each with it's own individual strengths and "opportunities", as they say.

    Another good plan, might be to have a select staff that gleans the Internet chats and boards (such as this one) for potential insights into the business that at a higher lever he might not be privy to.
    Sep 5, 2012. 02:04 AM | 1 Like Like |Link to Comment
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