If you have a WSJ online subscription then this is worth reading – Forecast for Best Buy – Worst is yet to come
Though I read a part of this because of a temp subscription – basically the article says that since Circuit City shut down couple of years back everyone thought that Best Buy was the most to Gain. Later when the tangible growth commensurate with this was not seen coming through, it was assumed that it was the Wal Mart Category Killer effect. However this article also brings in the fact that online stores are the threat that retailers face with Amazon etc scoring high.
“Best Buy is hindered by two basic facts:
1) The products it sells are available in many other places and;
2) Prices on those items are easily compared online and through mobile apps. Best Buy itself offers one of those price comparison apps”
