Monday Morning – What Is The Best Buy?
Have you visited your local Best Buy store lately? I did the other day and was I ever surprised! The place was entirely remodeled and rearranged. It was akin to visiting a store for the first time and practically speaking, it was. In past Lineups I have mentioned Best Buy's declining sales and the remedies they want to use to turn it around, the most prominent being their plan to downsized their stores and move away from the "big box" formats. Also included in this restructuring is the founder's ongoing attempt to buy out the chain and take over control of the company again.
Stepping into my local store I saw the fast results of their new philosophy as I was wandering around trying to find a wi-fi signal booster. They are definitely reducing the amount of display space and eliminating a lot of low-profit product. One of the main reasons for their recent decline is Amazon who has been underpricing almost everybody on everything and Best Buy has been hard hit by them. What's left in the store now is mainly products that either aren't mailed easily, or which require the purchaser to see, handle and, in some cases, register in some way.
The only thing left in the radio-tuner-tv department is a huge presence of the massive wall-size tv's (and the added cost of installation and setup). I didn't take time to look closely at the displays, but I didn't see any racks of tuners and combo radio/CD players, or any other tabletop players. Gone are the aisles of CD's, which doesn't surprise me at all. The selection online is much greater than any store can devote space to, and the younger generation is migrating away from CD's and into MP3 devices for their music enjoyment. Also I didn't notice any space devoted to car stereo stuff. It might be there, but certainly smaller and not noticable.
Naturally there was major focus on cellphone sales and the little accessories that you want to add to them. The floor space devoted to computers is about the same, but lots of space between display counters. I believe that is because they are locked into a lease here and not yet ready to relocate. Tower PC's are scant with sales emphasis on tablets, e-readers and laptops.
I was kind of surprised to see that they still have some major appliances on the floor, such as refrigerators and washing machines. I would have thought that Lowe's and Home Depot would have shut them out of that market by now. Anyway, the times are always changing and I like to observe the passing commercial scenery.
Before we head out to start the equipment check, let's begin the morning with a bit of fun and see what happened in Stockholm about three years ago when the subway put some sound sensors under the stair treads leading up/down to the platform and street:
That's my philosophy, too: Make everyday a "Fun Day." So let the fun begin with a jolly equipment check while I get some more great coffee coming out of the Bunn-O-Matic. Then we'll meet back in the digital day room …. with a smile.
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