If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(MSN)   ....and the next victim of the retail apocalypse is....(spins wheel)....Best Buy   ( msn.com) divider line
    More: Sad, Mark Zuckerberg, Facebook CEO Mark, current Facebook share, Best Buy, analyst Scot Ciccarelli, Bloomberg Intelligence analyst, social media compay, beaten analyst revenue  
•       •       •

3184 clicks; posted to Business » on 24 Sep 2017 at 5:51 AM (42 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



81 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | » | Newest | Show all

 
2017-09-24 03:30:21 AM  
At least they weren't dumb enough to get themselves bought out by Bain.
 
2017-09-24 04:16:04 AM  
Great now where am I supposed to go to try out the stuff I'm thinking of buying off Amazon!
 
2017-09-24 04:44:56 AM  
Oh no!  Where else will I be able to go to buy a two hundred dollar vacuum cleaner with a one hundred dollar extended warranty?
 
2017-09-24 05:40:08 AM  
Anyone from Canada could tell you about one of their most brilliant moves:  For years, at least a decade I'd say they would stand up a Bestbuy right next to a Future Shop.  Same size and virtually the same inventory and literally next door to one another.

Bestbuy corporate owns both of those stores.
 
2017-09-24 06:25:02 AM  
We just read an article the other saying Toy R Us is failing because they're not like Best Buy. What are we to believe?
 
2017-09-24 06:38:06 AM  

morg: We just read an article the other saying Toy R Us is failing because they're not like Best Buy. What are we to believe?


According to this article, investors are freaking out because Best buy will only grow 2.2% per year. So keeping up with the rate of national economic growth.

I think this is less about how they are actually doing and more about investors being unhappy bc they aren't gutting their work force to boost revenue.

I just bought a dryer from them and did most of last year's Christmas shopping from them bc prices and availability were better than Amazon. From what I've seen they have definitely gotten their shiatsu together.
 
2017-09-24 06:42:58 AM  
Now I'm worried, where will I find outrageously priced Monster cables?
 
2017-09-24 06:57:43 AM  
Analysts: We believe you will grow this much. Bestbuy: Oh, we will grow, just not that much. Analysts: What! This is an outrage! Sell Mortimer, sell!

This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.
 
2017-09-24 06:58:23 AM  

Boo_Guy: Great now where am I supposed to go to try out the stuff I'm thinking of buying off Amazon!


img.fark.netView Full Size
 
2017-09-24 07:18:52 AM  

bigfatbuddhist: Oh no!  Where else will I be able to go to buy a two hundred dollar vacuum cleaner with a one hundred dollar extended warranty?


 And where will I be educated on the superiority of Monster cable?
 
2017-09-24 07:37:03 AM  
It is gold plated you know. I have no idea what that has to do with anything, but GOLD!!!!

dickfreckle: bigfatbuddhist: Oh no!  Where else will I be able to go to buy a two hundred dollar vacuum cleaner with a one hundred dollar extended warranty?

 And where will I be educated on the superiority of Monster cable?

 
2017-09-24 08:01:35 AM  

End_Of_Line: Analysts: We believe you will grow this much. Bestbuy: Oh, we will grow, just not that much. Analysts: What! This is an outrage! Sell Mortimer, sell!

This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.


...FWIW, this isn't a recent thing - when I retired from the USAF in 1998, I went to work at Becton Dickinson (all kinds of medical devices and supplies) and at the time they were just finished transitioning from being a primarily family-held company to a publicly held one.  They missed their earnings targets - in 98, IIRC - by an incredibly small percentage and still made a serious profit...and the company went bugshiat.  Everything from office supplies to fuel for forklifts was rationed, and the company started making serious efforts to cut the workforce using WorkKeys as a tool to weed out a bunch of people who were hard, productive workers but who were older than most and in many cases had problems reading and writing.

/Glad I got out
 
2017-09-24 08:05:08 AM  

AtlanticCoast63: End_Of_Line: Analysts: We believe you will grow this much. Bestbuy: Oh, we will grow, just not that much. Analysts: What! This is an outrage! Sell Mortimer, sell!

This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.

...FWIW, this isn't a recent thing - when I retired from the USAF in 1998, I went to work at Becton Dickinson (all kinds of medical devices and supplies) and at the time they were just finished transitioning from being a primarily family-held company to a publicly held one.  They missed their earnings targets - in 98, IIRC - by an incredibly small percentage and still made a serious profit...and the company went bugshiat.  Everything from office supplies to fuel for forklifts was rationed, and the company started making serious efforts to cut the workforce using WorkKeys as a tool to weed out a bunch of people who were hard, productive workers but who were older than most and in many cases had problems reading and writing.

/Glad I got out


Then may said shareholders fall face-first into a pile of BD's pointiest needles. Preferably a larger gauge too.
 
2017-09-24 08:09:19 AM  
Sometimes you need to buy something right away from a store that has a product in stock. Case in point my phone died on Saturday night a week ago. All of my old phones are broke. I wasn't going to wait for Amazon to ship me one on Monday-Tuesday and I wasn't going to buy one from the AT&T store. I did look at Target's offerings but they were crap. So I went to Best Buy and they had a variety I could work with.
 
2017-09-24 08:44:25 AM  
Yeah, this isn't a piece about how Best Buy is dying.  This is a piece about how investors are freaking out because Best Buy isn't growing as fast as they want it to grow.  In other words, the billionaires aren't earning as much money as they wanted at the expense of the little guy.
 
2017-09-24 08:45:06 AM  
I happen to like Best Buy. The customer service at our local (only one in town) has been super. Granted, I've only purchased three televisions and a laptop from them in the last few years, but it works for me.

/AAAAA+ would shop again
//never pay retail price
///YMMV
 
2017-09-24 08:51:17 AM  
AtlanticCoast63:

...FWIW, this isn't a recent thing - when I retired from the USAF in 1998, I went to work at Becton Dickinson (all kinds of medical devices and supplies)

I'm guessing they haven't changed - I get almost weekly calls/emails from recruiters looking to get me an interview with them.  I don't know why - I'm not a medical devices guy, I'm a water/wastewater controls guy.  But, it's been remarkably constant for the last year or so.  I'm guessing morale there sucks and there's high turnover...

/Even more fun, my competitor down the street is hiring due to the same problem.
//Recruiters sometimes inadvertently leak the best intel out there...
 
2017-09-24 09:13:56 AM  

PsychoPhil: AtlanticCoast63:

...FWIW, this isn't a recent thing - when I retired from the USAF in 1998, I went to work at Becton Dickinson (all kinds of medical devices and supplies)

I'm guessing they haven't changed - I get almost weekly calls/emails from recruiters looking to get me an interview with them.  I don't know why - I'm not a medical devices guy, I'm a water/wastewater controls guy.  But, it's been remarkably constant for the last year or so.  I'm guessing morale there sucks and there's high turnover...

/Even more fun, my competitor down the street is hiring due to the same problem.
//Recruiters sometimes inadvertently leak the best intel out there...


...Full Disclosure: I managed to get myself shiatcanned from there in '04 - a bad attitude about the way they were implementing 'lean manufacturing' and 'workforce management' combined with a stupid move on my part.   (We had a GM there who stated for the record that the corporate goal was by 2010 to have doubled production while cutting both manpower and costs by 10% yearly.  I pointed out the flaws in the math, and got on his shiatlist.  Once I did screw up, that was it.)
   Having said that, I know from folks who are still working there at that plant that it's not good - lotsa management changes, completely confused working philosophies that change just as they're being implemented, and a workforce that works hard and turns out epic production rates...but since they don't have the education - much less the tolerance - to understand things like ISO9000, or whatever the Japanese production philosophy of the week might be, they get canned real fast before the company has to make an investment in them.   The company's only real answer to any of this is that they just have to work harder and all will be well.  Maybe.
 
2017-09-24 09:14:40 AM  

End_Of_Line: This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.


"Son, you need to lose 10 pounds. I'm cutting your leg off."
 
2017-09-24 09:38:35 AM  

End_Of_Line: This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.


You don't seem to understand the most basic fundamentals of how stocks work.
 
2017-09-24 09:42:09 AM  

Superjoe: It is gold plated you know. I have no idea what that has to do with anything, but GOLD!!!!


Gold is really, really good at conducting electricity.

Which might make it worth using for some very specific extreme industrial uses.
 
2017-09-24 09:42:48 AM  

BMFPitt: End_Of_Line: This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.

You don't seem to understand the most basic fundamentals of how stocks work.


Well we know what they were supposed to do, its more of a comment on what levels of perversion the short-term profit-seekers and day traders have done to the system.
 
2017-09-24 09:45:21 AM  
YMMV but as far as I'm concerned, Amazon and Best Buy complement each other, especially with price match. Sometimes I'd much rather see and hold the product before buying same day, than do the buy, try, and return dance, even at a small premium.

That said, I don't feel sorry for Best Buy for suffering the fate it handed to smaller stores.

THAT SAID, make no mistake what's going on with this "circle of life" here: whether it's Amazon, Uber, or WalMart, billionaires are finding ways for you to get by with less so they can keep more of your earnings while your share remains stagnant.
 
2017-09-24 09:49:47 AM  

BumpInTheNight: Well we know what they were supposed to do, its more of a comment on what levels of perversion the short-term profit-seekers and day traders have done to the system.


Those things will affect the volume trading in stuff like this, but there was never a time when growth expectations weren't priced into a stock.
 
2017-09-24 09:56:49 AM  

BMFPitt: BumpInTheNight: Well we know what they were supposed to do, its more of a comment on what levels of perversion the short-term profit-seekers and day traders have done to the system.

Those things will affect the volume trading in stuff like this, but there was never a time when growth expectations weren't priced into a stock.


Of course, but the horizon was more distant and the pressure for per-quarter constant increases wasn't creating an environment where a company's leadership would rather doom its future then show up one quarter without hitting the exact goals laid out by the investors...who're just as happy to walk away with the money and bleed the next company dry for their own short-term gain.

Its an ugly system and those making the decisions rarely feel the ugly sting of its impact.  I'm sure those HP execs who laid off hundreds of thousands in the last few years need extra deep pools of money to cry themselves to sleep in each night, for instance.
 
2017-09-24 10:15:34 AM  

BumpInTheNight: Of course, but the horizon was more distant and the pressure for per-quarter constant increases wasn't creating an environment where a company's leadership would rather doom its future then show up one quarter without hitting the exact goals laid out by the investors...who're just as happy to walk away with the money and bleed the next company dry for their own short-term gain.


Only the ones who are doing it wrong.
 
2017-09-24 10:19:25 AM  
Still? I thought they were going to die a decade ago
 
2017-09-24 10:22:43 AM  

BMFPitt: BumpInTheNight: Of course, but the horizon was more distant and the pressure for per-quarter constant increases wasn't creating an environment where a company's leadership would rather doom its future then show up one quarter without hitting the exact goals laid out by the investors...who're just as happy to walk away with the money and bleed the next company dry for their own short-term gain.

Only the ones who are doing it wrong.


I like that you cut my comment about HP in your reply, because they are a text book definition of what's wrong with this system.
 
2017-09-24 10:35:06 AM  

BumpInTheNight: I like that you cut my comment about HP in your reply, because they are a text book definition of what's wrong with this system.


They are, and have been for a long time now.

But I'm not sure including them to the quote block wolf have added anything to the post.
 
2017-09-24 10:36:59 AM  

BumpInTheNight: Anyone from Canada could tell you about one of their most brilliant moves:  For years, at least a decade I'd say they would stand up a Bestbuy right next to a Future Shop.  Same size and virtually the same inventory and literally next door to one another.

Bestbuy corporate owns both of those stores.


It was funny when I got them to price match against themselves*

"Yeah,  Future Shop (which you own) has this item for cheaper. Please price match"

*Not sure in the States,  but up here Best Buy will beat a competitor's price,  even Amazon, by 10% of the difference. So we can have our cake and eat it too.
 
2017-09-24 10:55:27 AM  

Nexzus: BumpInTheNight: Anyone from Canada could tell you about one of their most brilliant moves:  For years, at least a decade I'd say they would stand up a Bestbuy right next to a Future Shop.  Same size and virtually the same inventory and literally next door to one another.

Bestbuy corporate owns both of those stores.

It was funny when I got them to price match against themselves*

"Yeah,  Future Shop (which you own) has this item for cheaper. Please price match"

*Not sure in the States,  but up here Best Buy will beat a competitor's price,  even Amazon, by 10% of the difference. So we can have our cake and eat it too.


Best Buy's local stored will honor Best Buy's website price if it is cheaper as well.
 
2017-09-24 11:06:13 AM  

End_Of_Line: Analysts: We believe you will grow this much. Bestbuy: Oh, we will grow, just not that much. Analysts: What! This is an outrage! Sell Mortimer, sell!

This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.


They based their valuation on the predicted results. If those results are less than predicted then the valuation is less. If a store offers you a five kilogram bag of sugar for $10 you might consider that a good deal and agree to buy it. If they deliver it and say "BTW, it's only eight kilograms, but that's still a lot of sugar!" you wouldn't be happy. Yes, it's still a lot of sugar, but it's not as much as you expected and what you budgeted for.
 
2017-09-24 11:08:29 AM  

SpaceyCat: Yeah, this isn't a piece about how Best Buy is dying.  This is a piece about how investors are freaking out because Best Buy isn't growing as fast as they want it to grow.  In other words, the billionaires aren't earning as much money as they wanted at the expense of the little guy.


The biggest stockholders, by far, are pension funds, IRAs, 401Ks etc belonging to millions of average, working, people. Not fatcat billionaires.
 
2017-09-24 11:12:40 AM  

BMFPitt: Superjoe: It is gold plated you know. I have no idea what that has to do with anything, but GOLD!!!!

Gold is really, really good at conducting electricity.

Which might make it worth using for some very specific extreme industrial uses.


Silver is a better conductor than gold and is cheaper. Gold has much higher corrosion resistance though.
 
2017-09-24 11:13:09 AM  

Gary-L: Nexzus: BumpInTheNight: Anyone from Canada could tell you about one of their most brilliant moves:  For years, at least a decade I'd say they would stand up a Bestbuy right next to a Future Shop.  Same size and virtually the same inventory and literally next door to one another.

Bestbuy corporate owns both of those stores.

It was funny when I got them to price match against themselves*

"Yeah,  Future Shop (which you own) has this item for cheaper. Please price match"

*Not sure in the States,  but up here Best Buy will beat a competitor's price,  even Amazon, by 10% of the difference. So we can have our cake and eat it too.

Best Buy's local stored will honor Best Buy's website price if it is cheaper as well.


Was it Best Buy or Circuit City that said they'd do that but had secretly programmed all their in store computers to display the store prices on their own website. So you'd check a price at home and get to the store to buy it and find it was more expensive. The sales person would say they'd match their online price but when you looked it up it mysteriously matched the store. This was a decade or so ago before everyone carried a smartphone with them to call them out on this.
 
2017-09-24 11:19:15 AM  

Carter Pewterschmidt: SpaceyCat: Yeah, this isn't a piece about how Best Buy is dying.  This is a piece about how investors are freaking out because Best Buy isn't growing as fast as they want it to grow.  In other words, the billionaires aren't earning as much money as they wanted at the expense of the little guy.

The biggest stockholders, by far, are pension funds, IRAs, 401Ks etc belonging to millions of average, working, people. Not fatcat billionaires.


Not "by far":

img.fark.netView Full Size


Considering that

1. it's still a minority
2. the wealthy fund managers receive a disproportionate share of the gains
3. among account holders, ownership is weighted towards the wealthy
4. half of Americans don't own stocks

The stock market disproportionately helps the wealthy no matter how you cut it.

At best, your statement is the conservative kind of wrong: technically correct in the most narrow sense, but effectively wrong in any real-world practical sense.
 
2017-09-24 11:25:57 AM  

Carter Pewterschmidt: Gary-L: Nexzus: BumpInTheNight: Anyone from Canada could tell you about one of their most brilliant moves:  For years, at least a decade I'd say they would stand up a Bestbuy right next to a Future Shop.  Same size and virtually the same inventory and literally next door to one another.

Bestbuy corporate owns both of those stores.

It was funny when I got them to price match against themselves*

"Yeah,  Future Shop (which you own) has this item for cheaper. Please price match"

*Not sure in the States,  but up here Best Buy will beat a competitor's price,  even Amazon, by 10% of the difference. So we can have our cake and eat it too.

Best Buy's local stored will honor Best Buy's website price if it is cheaper as well.

Was it Best Buy or Circuit City that said they'd do that but had secretly programmed all their in store computers to display the store prices on their own website. So you'd check a price at home and get to the store to buy it and find it was more expensive. The sales person would say they'd match their online price but when you looked it up it mysteriously matched the store. This was a decade or so ago before everyone carried a smartphone with them to call them out on this.


I remember that happening.  Back when I last stepped foot in a Best Buy (around 2008 or so) I was in the market for a DVD player.  After reading reviews and finding a model I wanted, I shopped BB's website and printed the item's web page.  Getting the store to price match was simple.
 
2017-09-24 11:26:31 AM  

Carter Pewterschmidt: End_Of_Line: Analysts: We believe you will grow this much. Bestbuy: Oh, we will grow, just not that much. Analysts: What! This is an outrage! Sell Mortimer, sell!

This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.

They based their valuation on the predicted results. If those results are less than predicted then the valuation is less. If a store offers you a five kilogram bag of sugar for $10 you might consider that a good deal and agree to buy it. If they deliver it and say "BTW, it's only eight kilograms, but that's still a lot of sugar!" you wouldn't be happy. Yes, it's still a lot of sugar, but it's not as much as you expected and what you budgeted for.


Eight kilograms is more than the originally offered five.
 
2017-09-24 11:46:45 AM  
Went to a BestBuy several years ago to buy a couple DVDs I desperately wanted with a meager handful of dollars. Was told that while they were actually on the shelf I would need to buy them online because reasons. I explained I didn't have money on my card, just cash in hand. They shrugged, so I walked out chuckling and have spent many thousands of dollars of my future money elsewhere.

/CSB
//If they can't manage to sell me merchandise, what else could they screw up?
///Slashys come in threes
 
2017-09-24 11:56:21 AM  

Yankees Team Gynecologist: Carter Pewterschmidt: SpaceyCat: Yeah, this isn't a piece about how Best Buy is dying.  This is a piece about how investors are freaking out because Best Buy isn't growing as fast as they want it to grow.  In other words, the billionaires aren't earning as much money as they wanted at the expense of the little guy.

The biggest stockholders, by far, are pension funds, IRAs, 401Ks etc belonging to millions of average, working, people. Not fatcat billionaires.

Not "by far":

[img.fark.net image 850x637]

Considering that

1. it's still a minority
2. the wealthy fund managers receive a disproportionate share of the gains
3. among account holders, ownership is weighted towards the wealthy
4. half of Americans don't own stocks

The stock market disproportionately helps the wealthy no matter how you cut it.

At best, your statement is the conservative kind of wrong: technically correct in the most narrow sense, but effectively wrong in any real-world practical sense.


Just curious, what do you invest your money in?
 
2017-09-24 12:12:33 PM  

Carter Pewterschmidt: End_Of_Line: Analysts: We believe you will grow this much. Bestbuy: Oh, we will grow, just not that much. Analysts: What! This is an outrage! Sell Mortimer, sell!

This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.

They based their valuation on the predicted results. If those results are less than predicted then the valuation is less. If a store offers you a five kilogram bag of sugar for $10 you might consider that a good deal and agree to buy it. If they deliver it and say "BTW, it's only eight kilograms, but that's still a lot of sugar!" you wouldn't be happy. Yes, it's still a lot of sugar, but it's not as much as you expected and what you budgeted for.


If I agree to sell you a five kilogram bag of sugar for between $9.50-10.00, and you start telling everyone you're getting 6 KG for $8, don't be shocked when you actually get 5KG for $9.80. THAT is what is happening here.
 
2017-09-24 12:14:42 PM  

Shazam999: Yankees Team Gynecologist: Carter Pewterschmidt: SpaceyCat: Yeah, this isn't a piece about how Best Buy is dying.  This is a piece about how investors are freaking out because Best Buy isn't growing as fast as they want it to grow.  In other words, the billionaires aren't earning as much money as they wanted at the expense of the little guy.

The biggest stockholders, by far, are pension funds, IRAs, 401Ks etc belonging to millions of average, working, people. Not fatcat billionaires.

Not "by far":

[img.fark.net image 850x637]

Considering that

1. it's still a minority
2. the wealthy fund managers receive a disproportionate share of the gains
3. among account holders, ownership is weighted towards the wealthy
4. half of Americans don't own stocks

The stock market disproportionately helps the wealthy no matter how you cut it.

At best, your statement is the conservative kind of wrong: technically correct in the most narrow sense, but effectively wrong in any real-world practical sense.

Just curious, what do you invest your money in?


Mostly stocks, mostly via index funds.

I'm just not dumb enough to believe that prioritizing shareholder interests over wages and even tax revenue is good for the overall economy, or even for long-term shareholder value.
 
2017-09-24 12:16:18 PM  

Yankees Team Gynecologist: Mostly stocks, mostly via index funds.

I'm just not dumb enough to believe that prioritizing shareholder interests over wages and even tax revenue is good for the overall economy, or even for long-term shareholder value.


But you'll invest anyways, right?

Well at least you didn't put your money into pumpkin futures.
 
2017-09-24 12:30:53 PM  

Shazam999: But you'll invest anyways, right?


Of course. I'm not some SJW.

I want things like wages over shareholder returns, universal health care, and reining in wealth inequality, BECAUSE I'm greedy. BECAUSE I realize that they make for a more sustainable implementation of consumer-driven capitalism and wealth generation, as opposed to the short-term gains, rent-seeking, and supply-side bullshiat masquerading as a "market economy" now.
 
2017-09-24 12:33:21 PM  

Yankees Team Gynecologist: Shazam999: But you'll invest anyways, right?

Of course. I'm not some SJW.

I want things like wages over shareholder returns, universal health care, and reining in wealth inequality, BECAUSE I'm greedy. BECAUSE I realize that they make for a more sustainable implementation of consumer-driven capitalism and wealth generation, as opposed to the short-term gains, rent-seeking, and supply-side bullshiat masquerading as a "market economy" now.


Well you can always put your money where your mouth is.

http://etfdb.com/type/investment-style/socially-responsible/
 
2017-09-24 12:35:09 PM  

Carter Pewterschmidt: Gary-L: Nexzus: BumpInTheNight: Anyone from Canada could tell you about one of their most brilliant moves:  For years, at least a decade I'd say they would stand up a Bestbuy right next to a Future Shop.  Same size and virtually the same inventory and literally next door to one another.

Bestbuy corporate owns both of those stores.

It was funny when I got them to price match against themselves*

"Yeah,  Future Shop (which you own) has this item for cheaper. Please price match"

*Not sure in the States,  but up here Best Buy will beat a competitor's price,  even Amazon, by 10% of the difference. So we can have our cake and eat it too.

Best Buy's local stored will honor Best Buy's website price if it is cheaper as well.

Was it Best Buy or Circuit City that said they'd do that but had secretly programmed all their in store computers to display the store prices on their own website. So you'd check a price at home and get to the store to buy it and find it was more expensive. The sales person would say they'd match their online price but when you looked it up it mysteriously matched the store. This was a decade or so ago before everyone carried a smartphone with them to call them out on this.


That was Best Buy.  I managed to catch them on that back in 2007 - they had a Samsung 21" monitor listed on the website for around $250 and the in-store price was $275.  The sales associate pulled up the website on the computer at the service desk and showed the $275 price.  At the time, I carried an AT&T Tilt smart phone and pulled the website up on the mobile browser over the Best Buy in store WiFi and saw a price of $275.  Switched from WiFi to 3G data and refreshed the page... up came the $250 price.

So, I asked to speak with the manager on duty.  I showed the difference between the two websites.  I suggested they might want to fix that before someone contacted the state AG's office for consumer affairs or a local TV station.  He made noise that I must have shown the guy a photo and not the real site.  So, with the manager looking over my shoulder, I switched data connection back to WiFi, refreshed and the page matched the store computer.  Changed back to data, refreshed, demonstrated the price change.  Manager said the phone couldn't pull web pages, so I flipped over to www.frys.com and found the monitor for $225.

In short, fark Best Buy with a rusted rake.  I will drive the extra distance to Fry's or just pick up the item after work, since I work about a half a mile from my area Fry's.  I took great delight in seeing the local Best Buy close down and a Studio Movie Grill take its place after Best Buy decided to build a new store in the "rich" subdivision and close up the one in the middle class neighborhood.
 
2017-09-24 12:41:59 PM  
In my town this will leave one brick and mortar store chain left that sells computer equipment. One. They will have zero competition except online retailers. Ever order delicate computer gear only to have the delivery person throw, stomp on, drop or play parking lot football with the package marked "fragile"? Our new 21st Century Great America folks.

/ Fark this.
 
2017-09-24 12:43:22 PM  
Yes, I used Best Buy as an "Amazon Showroom" the other day. I wanted to see OLED and QLED TVs in person, in case an irresistible deal came up on Black Friday, but I won't patronize them unless it is an emergency or some crazy deal. They killed Cowboom. Stupid, stupid move. I know it was because some executive at Best Buy couldn't stand the thought of Cowboom cutting into their crappy outlet sales.

buyvia.comView Full Size

 RIP Cowboom

 
2017-09-24 12:43:57 PM  
I used to hate Best Buy, and they realized they were going down the shiatter like Circuit City, so they made some changes.

They are pretty good about matching prices with Amazon, and if I need a cable or something I do not feel like waiting a day or two for, I will go.

They also partnered with Apple in about 500 locations to become an Apple Authorized Service Provider, to do official warranty work and repairs backed by Apple where there are not Apple stores located, and they Apple rotates employees and techs in and out to help train their people, while helping out Apple customers.  So they can do a huge amount of service work.
 
2017-09-24 12:48:57 PM  

Carter Pewterschmidt: End_Of_Line: Analysts: We believe you will grow this much. Bestbuy: Oh, we will grow, just not that much. Analysts: What! This is an outrage! Sell Mortimer, sell!

This crap makes as much sense as parents saying to a child "If you don't grow to be this tall we are going to cut back on how much food you can have.

They based their valuation on the predicted results. If those results are less than predicted then the valuation is less. If a store offers you a five kilogram bag of sugar for $10 you might consider that a good deal and agree to buy it. If they deliver it and say "BTW, it's only eight kilograms, but that's still a lot of sugar!" you wouldn't be happy. Yes, it's still a lot of sugar, but it's not as much as you expected and what you budgeted for.


Agreed. But this is talking about projections. I agree with your analogy, but dropping a stock price based on something 4 to 5 years in the future, when a whole bunch of things can happen in the meantime, just is too short sighted in my opinion.
 
Displayed 50 of 81 comments


Oldest | « | 1 | 2 | » | Newest | Show all


View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking

On Twitter





Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report