San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Dick Schulze, founder and former chairman of Best Buy, sent the chain’s board another letter today requesting permission to form a group and “conduct basic due diligence so that he can present a fully financed offer for the company” based on Minnesota state law.
The gist of the letter is just about the same as his original statement of August 6, but it had some pointed remarks in it. Here they are with the italics being inserted by yours truly:
There has been considerable banter about the imminent demise of Best Buy. Custom retailers and integrators should rue the day that this would happen.
We cannot deliver the volume necessary to keep specialty suppliers in business. The outcome would be the manufacturing of more commodity products, less consumer awareness of new technologies and gear, and the strengthening of our true enemy, Amazon.com.
Where did Circuit City’s volume go? Certainly not to specialists or
It is fascinating that specialty stores were a leading indicator for what is now happening to Best Buy. The real issue we had was the inability to drive people into our stores. That is now Best Buy’s core issue as well.
Best Buy used software very effectively to address this in the past, and there are a few bodies left on that trail, such as Tower Records, and of course all the specialty music stores that Tower hadn’t crushed yet. Now Best Buy doesn’t
For Best Buy, and big box retail in general, the past few weeks have been filled with “doom and gloom” comments circulating throughout the Web. While it is always easy (and popular) to make blind assertions about failure and dissolution these assertions almost always end up being “fact lite” with little beyond a bloggers’ poor experience, marginal understanding of the issues, or personal vendetta to back them up. So it is time to shine a little bright
My last post was only one of many similar recently debating the role store size plays in a retailer’s financial performance. If you missed that, let me summarize my position: It’s not the size of the box, but rather what you do with it.Sometimes it helps to put aside everything you think you know and look elsewhere for inspiration, and what could be more different from CE retail than outdoor gear retail? Things like guns, bows and arrows, canoes, boats, fishing and camping gear
There are quite a few surprising findings from our recent quarterly TraQline study of both prepaid and postpaid (contract) wireless phones.
The most surprising thing isn’t that prepaid handset purchases now represent 17 percent of the market. And, no, it isn’t even that Android OS has significantly higher market share than iOS (and both are still gaining share). What we found to be most significant is that smartphones now represent more than 50 percent of
A changed market has created new problems and complicated ongoing challenges for retail.
CEA’s Retailer Council and its audio-video retailer division are offering help to dealers by offering three “Great Ideas Meetings” in June. These small-group gatherings are an excellent opportunity for dealers to interact with retail experts and industry colleagues to exchange ideas and discuss solutions that work.
According to Michael Pope, chairman of CEA
“Made in USA”.
During my lifetime that label has morphed from being a reason to buy, to being a reason not to buy, and now, once again, increasingly a positive if not still rare thing. However maybe that’s about to change.
JD Powers recently reported that the percent of U.S. new vehicle buyers who say they avoid buying foreign brands, has risen to 14 percent, the highest level since the study’s 2003 inception. During the same time the
There is an old myth that Italian dictator Benito Mussolini made the trains in his country run on time. Anyone who has been to Italy knows that trains hardly run on time, and what efforts were made to help modernize the train system had little to do with the Fascists.
But today the fact that the three major press conferences at the Electronic Entertainment Expo are broadcast live on the web and more importantly TV has made those run on time, and not be the endless affairs of the past
Alan WolfBest Buy Proxy Recaps Tumultuous Year
Steve SmithNever Underestimate Independent Retailers
Doug OlenickIHS Tallies Potential Korean War Fallout
Joseph PalencharGhosts Of Dead Formats, Brands Arise
Steve SmithMarcia Grand: One Of A Kind
Doug OlenickThe Netatmo Weather Station/Watchdog
Steve SmithDiversity Becomes An Industry Theme
Lisa JohnstonCrowd-Funding Spotlight
Greg TarrLG Puts Full-Court Press On Ultra HD TV
Steve SmithPanasonic’s ’13 TVs Are Stuffed With Features
Joseph PalencharDolby Atmos Coming Soon To A Home Theater?