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Best Buy prepares to close many of its big box stores

Last Wednesday, Brian Dunn stepped down from his position as CEO of Best Buy. Initially, most speculated that Dunn was forced out due to the poor performance of the company under his tenure. Later in the day, however, we learned that Dunn only stepped down after an internal investigation found out that he "misused company assets" while having an improper relationship with a female employee.
 
This latest drama surrounding Best Buy came shortly after the company announced that it was closing 50 stores in an effort to save $800 million dollars. The company has already closed two of the 50 stores, and notified six others that they would be closing.
 
Yesterday, the company revealed the list of the remaining 42 stores that will be closed. Best Buy expects that most of the stores will permanently shut their doors to customers by May 2.
 
The company issued the following statement:
 
This was not an easy decision to make. We chose these stores carefully, and are working to ensure the impact to our employees will be as minimal as possible, while serving all customers in a convenient and satisfying way. But we also recognize the impact this news has on the people who deserve respect for the contributions they have made to our business.
 
We will be working to help these employees find other positions inside Best Buy. If they don’t find new positions, or if they choose not to work at a different location, a transition including severance packages will be available.
 
You can view the full list of stores that will close here.

Sources: Best Buy, Wall Street Journal



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They could save themselves
By Mathos on 4/15/2012 9:23:02 PM , Rating: 2
Most of these companies could save themselves. But, 90% of them, either the management doesn't listen to the ideas of the few good employees they have. Or they simply don't listen to what their customers are telling them.

I know too many people are stuck on the iTunes, and Hulu, Netflix thing. Those are all good and nice... But, what exactly do you do if your internet is down, or if perhaps something happens to iTunes and or your listening device?

I personally prefer to own a physical copy of my movies and music. That way I can control the rip quality, or the playback quality. And, not get stuck with streamed playback quality, or what half quality the RIAA decided itunes could sell. Then if my internet is down, or I'm in an area where you can't get broadband or any good cell service, hey wait, I can still access my stuff.

Companies like Best buy, Wal-Mart, etc will drive themselves slowly into the ground 1 by 1. Because they've forgot about the basics of retail, and they want to try and maximize profit with as few sales people as possible, thus impacting service that much more.




By Brandon Hill (blog) on 4/15/2012 9:45:07 PM , Rating: 2
quote:
I know too many people are stuck on the iTunes, and Hulu, Netflix thing. Those are all good and nice... But, what exactly do you do if your internet is down, or if perhaps something happens to iTunes and or your listening device?

I personally prefer to own a physical copy of my movies and music. That way I can control the rip quality, or the playback quality. And, not get stuck with streamed playback quality, or what half quality the RIAA decided itunes could sell. Then if my internet is down, or I'm in an area where you can't get broadband or any good cell service, hey wait, I can still access my stuff.


At home, our Internet has been down for a total of 3 hours in the past year (Time Warner Cable), so it's not that big a deal for movies; at least for us.

Like you, I prefer Blu-ray for my movie playback, but I don't balk at "free" streaming access from my Amazon Prime account.

I download my music, which is saved onto my computer and my smartphone. No streaming involved. As for sound quality, anyone expecting to get symphony quality audio from a smartphone, laptop, or iPod is barking up the wrong tree.


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