This is something I think we will see a big trend in… Not really a huge surprise.
I remember at the TechCrunch 40 back in 2007 when Mike Arrington quized a exec from Best Buy. He asked them how they hoped to compete with the Amazon’s of the world.The exec responded by saying that people would always want a local place because of customer service.
Well last week Best Buy announced they will be closing 200-500 retail stores throughout the country. And expect to do so per year. They are fully focusing on online sales. Hrmm I think its too late. Good luck with that.
Lets look at why, in my opinion, they are closing the stores.
1. Taxes – I gotta pay taxes on local purchases. With Amazon I do not (at the store).
2. Customer Service – Why? The people in the computer department or wherever in my experience are total idiots. I can Google for any issue I am having and get a REAL answer.
- Category: Making Money Online, Shoemoney.com Blog
- Tags: best buy, Make Money Online, retail, stores
One Response to “Best Buy closing retail stores.” Leave a reply ›
Best Buy has to move on to compete with the likes of others. In the ever expanding online world, you just have to adapt to reality. Its not surprising though that Best Buy is closing local shops, those reasons do not favor them one bit.
Jeremy, the future of online shopping is looking brighter, you would say!