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Best Buy Co., Inc. Message Board

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  • retiredexaon retiredexaon May 18, 2012 9:04 AM Flag

    Earnings outlook is good for May 22. So what's the deal?

    Agree. Distrust authority is always a wise maxim and at this point in time with BBY management, I would trust nothing they say. The big brick-and-morter model for tech sales is dead as as much as I love to shop MicroCenter, that, too, will die in the years ahead. Eventually, retail will be shipment center depots, possibly eventually robotic almost throughout and internet front end for sales and marketing. The retail "store" will cease to exist at least in the large scale model. An interesting concept as I write this.

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    • As fuel prices continue to rise over the next decade online retailers will no longer be able to absorb the costs and the consumer will be forced to pay them. With the suburban lifestyle of the 1960's gradually going away more and more people will be migrating to large cities with public transportation and non-factory jobs of the 21st century. City folk don't order online as much. Packages left outside your apartment at 10 AM are seldom there when you get home from work at 6PM.
      Remember in 1999 when E-Toys was going to put Toys R Us out of business and in 2001 whenthey declared bankruptcy?

      • 2 Replies to ex_sll_tier
      • P.S. EToys and the companies of Web 1.0 failed so dramatically because they were immature in their biz plans (huge overspending and bubble) and because the structure wasn't in place to make them viable at the time. Comparing 1999 EToys to 2012 Amazon (a mature, massive company that's been in business for years and years) is a comparison you make at your own peril if you're long BBY.

      • I agree with you about fuel prices, but if you think the rising fuel and de-suburbinization of America (both of which I agree are real factors) are positives for BBY, you're not thinking this through very clearly. BBY obviously is subject to the same margin squeeze from fuel prices as online retailers! BBY is the ultimate expression of optimistic suburbia: driving to some massive store to buy an expensive product you don't need but want. On balance more people are moving to cities, but that doesn't mean they want to shop at a Best Buy. More people are working from home, which makes home delivery easier not harder. And basing a stock's viability on the simple, solvable problem of whether people want home delivery or not is silly. Lots of people get Amazon packages delivered to their workplace.

 
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