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Lots of good times! An Iraqi guy once came in and bought 80 new playstations (and warranties making some lucky person employee of the month )
I miss that discount soooo much, and the discounts the brand rep gave for taking a quiz
A. Okay Phil.
B. Probably true.
D. Profit is evil! Signed, Bob Sakimano
Keep telling yourself that. For the next 6-9 months Mel will drag you into that store at least once a week. It is some hormone women have after birthing.
This is a great post. The idiots at the top always think it is about store front. So they blow wads of cash moving into a building just down the street. And putting a high-fi stereo room in the store. At the end of the day the customer wants value and convenience. Concentrate on those two things and Amazon won't be able to compete.
Unless Amazon figures out how to do perishables they aren't going to win that one. I can't tell you the number of times I've seen a bag of dog food and a gallon of milk in a Walmart cart next to a 42" HDTV.
Amazon has been down the grocery road before to disastrous results.
How can they provide more value and be more convenient than Amazon and be profitable in their current situation?
Sorry, I misread it. I agree with you.
yeah, in fact best buy should be using Amazon, not the other way around.
I go online to find all the reviews I need. If Best Buy had it in store for the same price or price matching or something I would choose to buy it there every time instead of waiting.
Instead best buy has been used by Amazon. Why is it that amazon can offer things cheaper and faster? Its not because they're electronics are cheaper, its because they're run better...
I would miss the help desk though. Whenever our camera needs to be fixed or something all I have to do is drop it off. Or sometimes they even just replace it with the new model. I love that. Dealing with repairs departments over the phone is always a hassle. Then I have to mail it to them and buy the box and postage... ugh.
Menards, Lowes, and Home Depot are waiting for Sears to finally go under. Menards has really been expanding the products they offer. Washers, dryers, refrigerators, mattresses, dog food, snacks, groceries, pet toys, kids toys, automotive stuff, etc. They could easily start selling flat screen TV's, but the returns and customer service involved would be a nightmare.
I cannot shop at Menards as long as they have those horrible jingles. They play them on an endless loop in the store.
RCMB Join Date: September 2001
Nah, she loathes it as much as I do.
You can save big money there though.
It's also expensive and kinda dirty.
Doesn't matter. It is hormone I tell you. That and it is the only place with that much baby crap all in one location.
Amazon can offer things cheaper and faster because their overhead is considerably less.
Best Buy was thriving when Big Box was popular and online didn't exist. Everyone loved when Best Buy showed up and offered CD's for 12.99 and Record Town was charging 17 to 19 dollars for the same CD. Everyone complained about how crazy prices were in the Mall. Now the same thing is happening, only it is online vs Big Box. Best Buy literally cannot afford to even do what they're doing matching prices with Amazon. They are just trying to remain attractive so perhaps they can be bought out by their former CEO.
The reality is with the amount of overhead they have to pay their 167,000 employees worldwide, as well as paying the bills at all of these physical locations, AND all of the off balance sheet lease commitments, they have no shot of being able to provide the same sort of customer service and value Amazon has. You know why? They don't have the money. You need to have money to pay competent people like you are hoping to greet you at Best Buy.
So where did Best Buy go wrong? They were making huge profits in the 90s taking all of the mall traffic's money. Well, the thing to do was obvious. Expand expand expand. Open stores everywhere. Problem is, when you do that, you sign a lease. These leases were for around 20 years in time, and some were signed in the late 90s, early 2000s. Oh but wait, it gets better, lets go international. Did they do the wrong thing? At the time, I don't know how many of us would have thought so. They did not anticipate that people one day in the near future would shop online. So they're stuck. By the way, International ended up being a total flop and they ended up with discontinued operations. Same as Borders.
Where did Amazon go right? Right place, right time, smart smart people behind the company. Considerably less overhead. Less employees needed to match what Best Buy is doing. Much better gross margin as a result.
Lesson from all this, just because things are great right now, does not mean they will be in the future.
This post was edited by Spartanram 19 months ago
The storage room in my basement runs a close second.
If I'm making a large electronics purchase, I like seeing something in person before I buy it. For DVDs, etc., I don't bother, unless I'm in the store already for aforesaid big electronics purchase.
Then again, I also like owning books instead of having all my reading material on a tablet . . .
Michigan State does not and will not run the 3-4 defense.
Amazon also capitalized on the "try it Best Buy in person, buy online for less at Amazon" phenomenon. They lucked into that one.
Phil's right about A.
Yes, but NOBODY does it.
That's true too. You're supposed to though, and face penalties if you don't. Problem is, it's nigh on impossible to enforce.
A bill that would force Amazon to remit sales tax commiserate with the shipping zipcode would solve the "problem."
Definitely...hell I walk around Best Buy with my Droid on Amazon's mobile site. Granted, Best Buy has the price match now...but even then for a big ticket item that 6 percent tax could be significant.
Yeap you don't need a best buy in every town. I sed to have to drive from Livingston county to Ann Arbor to go to Best Buy and when it came to major purcahses sometimes you are willing. This allowed BEst Buy to have a samller mor eeducated and high payed work staff. They also really don't need to be selling CD's. movies and videogames anymore. Gamestops are everywhere. Movies and albums are so availble online there is no need to go to a store and those who want hard copies would prefer going to a local store. Greed got the best of them.
You didn't post on mobile, so I am wondering what is wrong with your spelling?
12177 Post before moving here. 10/29/11 will live forever in our hearts (plus 50 votes in the last 3 hours)
Just suck at it. Also typing onto a tiny screen so my boss can't see it.
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