Alan Wolf

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Best Buy Picks NYC For Its First 24-Hour Store

New York is the city that never sleeps, so it is entirely appropriate that Best Buy chose the Big Apple for its first 24-hour location. The ’round-the-clock retail store — the company’s fifth outpost in Manhattan — will occupy a former flagship Circuit City site on heavily trafficked 14th Street at Union Square. When it opens on Nov. 13, the... More

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Best Buy Calls Out Walmart

Retailers routinely take jabs at their competitors in ads, but the references tend to be oblique.   Not so Best Buy’s latest TV spot in its "True Stories" series of Blue Shirt testimonials, which takes dead aim at Bentonville.   In it, sales associate Rachel Munoz from store  No. 1473 in McAllen, Texas, recounts the time a shopper called from inside a Walmart... More

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Wal-Mart’s No. 1 In CE, For Some

Wal-Mart has finally achieved its goal of becoming the No. 1 destination for CE.   There is, however, a caveat: According to BIGresearch ’s most recent Retail Ratings Report, covering the month of May, the discounter was only tops in electronics among households with incomes less than $50,000. Specifically, 28.7 percent of consumers in this income stratum who were surveyed... More

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Best Buy’s Worst Nightmare

Long before Circuit City cratered, Best Buy acknowledged Wal-Mart and Amazon.com , rather than the No. 2 CE chain, as the two greatest threats to its business.   Management may have been proven correct. In what could only be described as a nightmare scenario for Best Buy, a Morgan Stanley analyst said that Circuit City’s TV share is being eaten by Wal-Mart and Amazon, with the... More

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Philadelphia Face-Off

Last month TWICE reported that Sixth Avenue Electronics will be opening its first Pennsylvania showroom in May. Turns out it’s spitting distance from one of Bob Cole’s two World Wide Stereo stores. In an interview with the Philadelphia Inquirer , Cole, a former psychologist and current president of the Home Entertainment Source (HES) buying group, expressed both confidence... More