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I may be in the minority but I like Best Buy. They are one of the only places where you can audition products, like TV's, before making a purchase. And there is the downfall. You can find larger ticket items so much cheaper online. With their new price match policy, hopefully it will make them more competitive. I recently purchased an expensive plasma and sure enough, they price matched and made a sale. That policy is critical to their survival.
Watch what happens now, they will give the CEO a raise and lay off a bunch of employees.
BB profits drop and hormel profits rise? people are buying less shiny junk and buying food?
Maybe we can buy some BB signage? Could be retro collectable in 20 years.
BB is not competitive on price. Beyond a few advertised items they are just plain more expensive. The educated consumer, which there are more of each day, understands this and is buying elsewhere.
I think they gave the execs more than that. Perhaps they can look for cuts there.
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