Essay On Best Buy

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Rapid growth in the 90’s and early 2000’s propelled Best Buy to become the world’s largest and most successful consumer electronics (CE) retailer with global revenue exceeding $50 billion. However, myriad challenges have converged to create a hostile environment for traditional CE retailers. Accelerating commoditization of products and increasing acceptance of online purchasing are allowing non-traditional competitors, such as Amazon, to capture an ever-growing share of the global electronics market. Some Wall Street analysts suggest Amazon should purchase Best Buy to complement its online growth strategy and capitalize on Best Buy’s strengths, namely its 1,400 brick & mortar locations[1]. Others argue that Best Buy will ultimately experience the same demise as Circuit City, CompUSA, and Borders. Hulking shells of former big box stores are a stark reminder of how global markets are evolving at rates …show more content…

Continue to maintain access to local resource markets for talent and conduct local information analysis via the Future Shop. Implement the Canada formula via JV’s (Five Star Appliance in China).
Seek information at the product level TVs, smartphones, tablets (43% of domestic revenue and 62% of international revenue), with software, internet connection, and insurance. BBY will close 50 Big Box stores and open 100 BBY mobile stores. As strategic leader, Future Shop is Canada’s largest CE retailer, with a focus on the top-sellers: gaming, home entertainment and appliances. BBY could continue to operate FS as a separate division to maximize on responding to local feedback. As empowered subsidiaries, Five Star and other Lat Am local BBY brands will sense and respond to the local market pulse (currently, domestic appliances and

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