Quick Note: Best Buy Offers Up Full List of Store Closings
April 15, 2012 4:12 PM
comment(s) - last by
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
Wall Street Journal
This article is over a month old, voting and posting comments is disabled
RE: worst buy
4/16/2012 2:54:25 PM
I thought I made a post along those lines late last night, but I guess I forgot to hit submit after previewing. To sum it up, I think Best Buy's management made the mistake of thinking these "Angels" were good and "Devils" were bad, and worked on eliminating the Devils while encouraging the Angels. That's why you see things like odd store layouts designed to force you to walk by lots of sections you're not interested in - to encourage Angels to make an impulse buy.
The problem is, as the last sentence you quote says, if the Devil is still a profitable customer, you still want them coming to the store. The store layout may increase profits from Angels. But if it annoys Devils enough so they stop shopping at Best Buy, the decreased profit from losing the Devils could outweigh the increased profit from the Angels.
RE: worst buy
4/16/2012 3:56:42 PM
The ;ay out is annoying. When I enter the store I feel like I just walked into my kids messy room. It doesn't feel comfortable and the assault is terrible on the senses.
I was just in there t buy a replacement Nostromo after mine wore out (5 years not bad. I was assaulted by Car radio sales, a PC sales that told my girlfriend she was stupid for being an Apple Fan (not fanatic) (I own a few Windows OS PCs).
I was assaulted by the cashier that insisted to tell me my Nostromo would break before the year was over and I would regret not buying the replacement warranty. I told him to stop so he tried to force feed me several other services and items, then tried to get back on the warranty again. If I didn't want that Nostromo right away I would have told him how to restock it.
A few other little notes of irritation.
Sata 18 inch cable best buy at store $19.99
2 of the same cables at Newegg.com including shipping $5.00 a few weeks back.
Nostromo also had a $10 premium for the satisfaction of buying it at Bestbuy. MY biggest regret was dealing with the sales people.
"This is about the Internet. Everything on the Internet is encrypted. This is not a BlackBerry-only issue. If they can't deal with the Internet, they should shut it off." -- RIM co-CEO Michael Lazaridis
UPDATED: Best Buy CEO Resigns, Company Now Citing "Personal Conduct" for Departure
April 10, 2012, 1:02 PM
Best Buy Reports Earnings, Announces the Closing of 50 Stores
March 29, 2012, 1:26 PM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information