We have had enough patient to BBY and my visit to a BestBuy store near home convinced me that BBY is over like the bookstore next door: closing shop. Smaller BestBuy is very much emptied.
Everything at BBY is too expensive.
"Perfect time to short BBY."
Best Buy screwing its customers, employees, shareholders, and everything that moves.
Visit a Best Buy store closing near you!
Best Buy should open itself to new ideas like buy, sell, and trade used games, partners to offer video streaming services, etc. Most important of all, rebuild its own images and improve customer services. The stores are emptied. The Return Policy is terrible. Pricing is expensive.
When BestBuy closed its store and offer pricing at about to closed stores: products are too expensive with no warranty. Most customers shook their head and walked away.
BestBuy Sales guys shamelessly offered "Additional Warranty" service: how? by calling 800 number?
I told you so. The worst has yet to come...BestBuy: Do not catch a fallinng knife.
BestBuy management has spoken and exposed about their cunning tactic....BestBuy has no moral value and expensive products. Think harder before you wasting your time with BestBuy.
Congratulation to BBY shareholders and management for their vision and strategic direction.
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Best Buy has no choice but closing more stores than originally stated. More losses. The worst has yet to come for BBY shareholders. Sell if you can before major shareholders and institution dump their shares. Last chance.
Watch out for speculation, Pump and Dump ahead.
Best Buy screwing everything that moves from customers, vendors, to its own employees. Best Buy CEO Brian Dunn abruptly resigned after the embattled company launched an internal investigation into his "personal conduct" between executive mangement and their 28 years old management trainer.
Never trust Best Buy with your personal information.
With Best Buy laying off employees, billion dollars in losses, and closing stores, BestBuy's Board of Directors could not fire powerful BBY CEO Brian Dunn, so they come up with "personal conflict".“Do you really care if employees are having an affair? No,” said Mara Levin,
Blessing in disguise. While BBY employees getting line at unemployement office, Best Buy CEO Brian Dunn and his executives laughing all the way to the bank with your money, a lot of money. He will sell his stock options and vested shares next week. Who is the winner now? Only honest hardworking people get what they dont deserve.
BestBuy wants to close the box stores and open up small cell phone stores. Are they kidding or what? How can they compete with Apple stores, Verizon, ATT, Sprint, etc. They can not. It's that type of thinking that has sunken Best Buy to begin with. They can fire the top CEO; the problems still remain.
Ironincally, 29 year old lady taugh CEO Brian Dunn, BBY Board of Directors and management about leadership, she told all the executives: “The tragedy of old age is not that one is old, but that one is young.” — Oscar Wilde
Nightmares before Christmas for Best Buy management and shareholders.
Never buy anything from Best Buy.
Everything is too expensive. Spend somethime on Amazon and web retailers. You will find good bargain.
Promotional items only have few items to attract customers.
You have to be careful to buy any gifts from Best Buy.
Return Policy is the worst in retailter business.
Rebates will never come after many followups.
Best Buy always referred or point the finger to vendors.
Never buy any additional insurance or service scam from Best Buy. You do not needed and it is not worthy.
Living within your mean and use your money wisely.
BBY is in great position to leverage after market with its retail operations.
I'd suggested BBY management to offer movies, musics, and games for after market and on the cloud. Do not worry much about existing businesses. BBY needs to offer the best of both world and let's customers decide.
After careful evaluation, BBY management believed that they are in high status not to offer used games and destroy its current high margin movies and games.
Find one good corner to sell new and old games along with new electronic devices, rather selling few expensive new games, and the rest collecting dust on the shelves.
Negotiate with movies content providers to bundle re-mastered 3 movies into one new package with new high quality formats at attractive prices.
Offer video streamings, internet games, musics on the cloud. There are many ways BBY can save bundle without building expensive networks and less risks.
I would've though Circuit City going under would've been a huge eye opener for them. Guess not. BBY management believes that they are the only King in retail business. BBY would not consider. Customers are getting smart and more conscious about their spendings. We have to adapt.
What you have with BBY is the early stages of another Borders. Think about it. You have a big box retailer in high rent districts selling fully marked up goods. It's unsustainable. They got along for a while because of morons using their houses as ATM machines. Game over. Buy something with a future.