Can Minnesota-based Best Buy take on WalMart? Can it survive a head-to-head match with the giant retailer that sees electronics as a staple in its future?
Its incoming CEO, Brian Dunn, gets the star treatment today from the Wall St. Journal.
>> More interactive stores. A focus on "showmanship and service" will trump low prices.
>> Best Buy figures to pick up half the business that Circuit City had before it went out of business.
>> Some store managers complained the company lost big-screen TV sales because they didn't have enough in stock.
>> Dunn disagreed with Best Buy's decision in 1989 to drop commissions in favor of a salary for workers. He now says it's "the most important decision" in company history.
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My question is how can Best Buy live up to the amazing prices one can find on Amazon? I'm in the market for a new camera (a very expensive one, at that) and Amazon beats Best Buy by $500. That is HUGE! Even if I was using the 18 months no interest deal best buy occasionally offers, $500 is a huge gap. I'd prefer to support a MN company, but it's just not feasible until they offer more competitive prices. Obviously the cost of the brick and mortar stores need to be taken into account...
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