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Best Buy Co., Inc. Message Board

  • d.prarie d.prarie Jun 6, 2012 8:43 PM Flag

    No ruby, but Circuit City..

    At the time filing BK on November 10,2008..Court filings revealed that the company had assets of $3.4 billion and debt of $2.32 billion. BBY, from data listed from March 02,2012 balance sheet: $16B in assets and $12B in liabilities. A decrease of $1.8B in assets from YOY. Point: People think your balance sheet needs to go RED before BK, not so.

    Main reason that BBY is doomed, in my opinion: Yes, Amazon part of the systematic problem for retailers that carry massive amounts of overhead (stores) and can't compete. Apple stores kicking BBY's behind too.

    Back to online... Warranty service an issue? No problem.. I can take any of my products purchased on-line to any local authorized facility. Returns? Never had a problem with any Amazon purchase. They shipped it for free and I saved taxes. If on rare occasion you need to return an item, within 30 days, box and label shipped to you and UPS pick it up. No Hassles. They even accept returns beyond 30 days on certain items with small restocking fee...People are becoming more and more educated and shopping on-line..And yes, indeed, BBY is a popular place to browse before you get your best deal on your desired item.

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