[LINK] reinvention of the big box store

[Scott Howard]

It's not gumption, it's desperation.

Best Buy's profits dropped 91% last quarter, and that's after they closed
50 stores and laid off 2,500 staff earlier it the year.  They've been
through multiple "reboots" in the past few years (the most recent being the
move away from larger stores and towards becoming little more than a mobile
phone retailer) - the odds of yet another one being the magic change that
saves them seems low...

As much as Harvey may complain about it, the impact of online retailing in
Australia is miniscule compared to the US.

(I actually won a $50 Best Buy gift certificate years ago.  It took me
almost 3 years before I used it - mainly because anything I could get from
Best Buy I could get elsewhere cheaper.  In the end, I used to for iTunes
vouchers to give to a friend...)

  Scott.


On Wed, Dec 26, 2012 at 11:01 PM, Jan Whitaker <jwhit at janwhitaker.com>wrote:

> Why don't we have people with this sort of gumption in Australia?
>
> Death by a Billion Clicks
> http://www.wired.com/business/2012/11/mf-best-buy-comeback/
> Which is actually about the reboot of Best Buy in the US, which still
> sells the most electronics in the US by far.
>
> Gerry Harvey take note!
>
> Jan
>
>
> Melbourne, Victoria, Australia
> jwhit at janwhitaker.com
> blog: http://janwhitaker.com/jansblog/
> business: http://www.janwhitaker.com
>
> Our truest response to the irrationality of the world is to paint or
> sing or write, for only in such response do we find truth.
> ~Madeline L'Engle, writer
>
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