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Forecast for Best Buy: Worst Is Yet to Come
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With Amazon taking customers from specialty retailers on the basis of price questions are raised about the future of Best Buy. Best Buy competed by having tech savy salespeople and moderately lower prices. Borders lost sales to Amazon. Now this is happening in electronics as Amazon increases share. Customers can visit Best Buy to check out electronic goods and then buy on Amazon for the lower price, making Best Buy Amazon's showroom. Amazon's electronics and nonmedia revenue went up by 66% in 2010 to $18 billion. With Sony selling through Costco another advantage is eroding. Even with Circuit City out of the market Best Buy was losing market share (December 2010 figures show) in the key television and computing segments.
Thrift and value purchases are the major trend in electronic retailing
09/30/2009
The electronic book reader is the new product that Best Buy is aggressively pushing this season.
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Specialty retailers in electronics and books and the internet stores
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Forecast for Best Buy: Worst Is Yet to Come
Wall Street Journal 03/04/2011
Retailers Struggle in Amazon's Jungle
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Wall Street Journal 03/29/2011
Wall Street Journal 09/14/2011
Best Buy performance
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Grouped Articles
Can This Former Clerk Save Best Buy?
Wall Street Journal 05/12/2013
Best Buy Works to Get Its Website Up to Snuff
Wall Street Journal 08/08/2013
Wall Street Journal 11/04/2013
Underdog Against Amazon, Best Buy Charges Ahead
New York Times 12/13/2013
No One Buys When Best Turns to Worst
Wall Street Journal 01/17/2014
Wall Street Journal 08/26/2014
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