Giant Retailer BEST BUY Announces Store Closings

By
Real Estate Agent with Re/Max Home Team

Mega Electronics retailer Best Buy has just announced they will be closing 50 store nationwide.
They plan to cut 400 jobs in an effort to stem the flow of losses.  2011 Best Buy posted $1.2 Billion in annual loss.

Best Buy

The company plans on scaling down retail locations to compete with monster internet retailers like Amazon.com.

If you have any doubt about the power of the internet this drastic change in business models should be enlightening. 

Best Buy plans on opening 100 petite Connected Stores, where they will sell e-readers, tablet computers, cellphones, and service plans.  There are currently 305 such stores in the Best Buy chain.

The familiar blue sprawling big box store may soon begin to disappear nationwide.

Real Estate marketing has been headed in the same direction.  Big bull pen offices are being replaced by smaller scaled down offices.  Agents are working from home and using the internet to communicate and attract buyers and sellers.

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Rainmaker
757,318
David Spencer
Chicago Area Commercial-Residential R.E.
Keller Williams Team Realty

Its your fault. To save all of those jobs, you should have purchased your: iphone, ipad, android at Best Buy. I know that you are resistant to sacrifice.

March 30, 2012 04:38 PM
Rainer
107,256
Leslie G. Rojohn
GRI, ABR ~ MoonDancer Realty
MoonDancer Realty

Although I am not a fan of big box stores, the times I have utilized Best Buy, I have had very knowledgable staff that were extremely helpful in explaining how the new things I was needing, worked.  I would hate to buy electronics on the internet as I need all the verbal, hands on help I can get when making a purchase.  I am sure I am not alone. 

March 30, 2012 05:20 PM
Rainmaker
243,792
Bonnie Vaughan
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin
Re/Max Home Team

David:  LOL Best Buy has gotten plenty of my dollars over the years.

March 30, 2012 05:39 PM
Rainmaker
243,792
Bonnie Vaughan
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin
Re/Max Home Team

Leslie:  I'm totally with you.  I like to touch, look, ask questions and get answers.  Ready a short paragraph does not cut it for me.

March 30, 2012 05:40 PM
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Rainmaker
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Bonnie Vaughan

CNE SFR - Buyers/Sellers - Lackawanna & Surroundin
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