BBY is far better than Circuit City but hh gregg is a pretty good competitor to Best Buy. They open a new store next to a Best Buy and I know they both will go at it and margins and profits of both stores will be tough to come by! I know the comps for the Best Buy store next to a new hh gregg store is going to really suck. BBY isn't going away but they are and will remain in the hunkered down mode for a while imo.
BBY is clearly going to have to go smaller on the footprint.
Walmart is thinking about selling appliances and going back to everyday low pricing, BBY is offering interest free loans on appliances and HGG has to compete with all this. Its like the great white circling the barracuda circling the sardine.
And the killer whale not paying sales tax is still hungry.