PastTense

Is Best Buy Picking Up Steam?

While it is true that Best Buy has gained because of the bankruptcy of a major competitor (Circuit City) I don't think Best Buy is particularly competitive compared to the discount stores (Walmart, especially) and the wholesale clubs (Costco, Sam's Club) on one hand and online sources (like Amazon) on the other.

I know that I personally always used to first head toward Best Buy for consumer electronics purchases--but haven't bought anything in one for years--instead buying consumer electronics either online or at Walmart.

Best Buy Bounces on Circuit City Closure

I think the internet is going to gain a much bigger share of the electronics market--you can save a significant amount of money and it is more convenient.

Average Joe Isn't Buying: Retail's Future Looks Bleak

"December retail sales dropped 1.7 percent year-over-year, making for the worst decline ever recorded''

1.7% just doesn't seem that catastrophic to me. If business can't handle declines that small, they need new management.

Best Buy Cuts Projections Citing 'Seismic Changes' in Consumer Behavior

"Best Buy isn’t even coming close to what Wall Street was expecting. The company said earnings would be $3.25 to $3.40 a share in fiscal 2009 with same store sales up 2 to 3 percent. Wall Street was looking for earnings of $3.03 a share."

Is this a typo? $3.25 to $3.40/share is better than $3.03/share