Best Buy clears way for Schulze offer

  • Article by: THOMAS LEE , Star Tribune
  • Updated: August 27, 2012 - 10:56 PM

The company founder, who now will be able to see the firm's confidential information, can't pursue a deal until January if the board rejects his buyout offer.

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reetnhAug. 27, 1210:18 AM

And the saga continues... Go Schulze!

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elguevon1Aug. 27, 1210:38 AM

I hope Schulze (or whomever) finds a way to turn Best Buy around. Whatever one may think about BBY now or in the past, the company employees A LOT of people in Minnesota. Change the sales model...get customer to like the company again....save MN jobs. Good luck.

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bamm_bamm75Aug. 27, 1211:25 AM

@elguevon1 - they also employ A LOT of people elsewhere too. i hope Mr. Schulze and his group can turn that mess around. the sales model needs to change as well as the corporate culture. i can't speak to the moral in stores but the moral at HQ ain't what it used to be.

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sparky34Aug. 27, 1211:44 AM

senior management should have their heads on a swivel...

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ratsenubirtAug. 27, 1211:59 AM

If people would stop window shopping at places like this and screwing them over by not buying locally then perhaps these types of nightmares won't continue to happen. People need to realize that buying everything through the internet is going to turn your neighborhood into a ghost town.

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FrankLAug. 27, 1212:19 PM

ratsenubirt. Same thing was said about Walmart and local businesses. Most deserved to go out of business because their owners never improved their stores. Same thing here: BBY is still operating like it was in 1990.

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xorcistAug. 27, 1212:26 PM

ratsenubirt wrote: "If people would stop window shopping at places like this and screwing them over by not buying locally then perhaps these types of nightmares won't continue to happen."

Where's the evidence this is actually happening? If you never go to a store to see what they have, you automatically limit your choices to what's on the Internet. So your argument is that people shouldn't go to a store to look at anything, because they might look to see if it's cheaper from someplace online. Looks and sounds like a self-fulfilling prophecy.

This "window shopping" meme is nothing more than a convenient tautology for management; it absolves them and their Board of Directors of responsibility for their consistent failures. Ignoring the problem and refusing to hold them accountable isn't going to save Best Buy from their worst enemy: themselves.

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lopqwert52Aug. 27, 12 1:08 PM

@ xorcist, +1 for using the word tautology

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money2Aug. 27, 12 1:50 PM

I wonder if Best Buy can offer clients that visit their stores a discount if they buy "on the spot, that day". That will help to get clients realize they can save TODAY rather than leave and check online.

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FrankLAug. 27, 12 2:24 PM

The problem is that even BBY.com tends to be the more expensive option even on the internet, and the stores are another notch above that price. The problem is what do I get for spending more money at BBY? Returns - no. Service - ??. Repairs - no. Technical support - $$$. The fact is that if I buy a defective product, I'll get more support from Cub than from BBY.

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