ONLINE retail only accounts for 5.2% of all retail biz..
Sooooo, if BBY is in trouble now, where are they going to be when online is exponentially growing and those big box electronic showrooms are sitting there? Meanwhile, others expanding their line similar to BBY but are offering other goods i.e. WalMart, Costco, Target, etc..
Note: I'm very much aware that BBY has online sales, but that doesn't do much good when you have liability of brick and mortar expense added to bottom line. Ask Circuit City.
True, but online electronics retail is 47%. It is growing at close to 80% a year and I think that will continue. BBY may eventually be the BEST online electronics retailer. I believe they will adjust and continue to be the #1 electronics retailer in the US.
But, that's where they didn't traditionally get their revenue. Now, you have the huge liability of retail stores costing them margins with overhead. They will have to downsize and cost them big in reorganization costs. Meantime, you are competing with everyone else, including Goliath Amazon, with huge advantage over BBY. Circuit City still in business (online), did you know that?