There’s One Segment Of Best Buy That’s Simply Getting Destroyed

Source: http://www.businessinsider.com/best-buy-entertainment-sales-collapse-2012-3

 

Today Best Buy announced layoffs and store closures, as results continue to disappoint.

None of the businesses are too hot, but there’s one are that REALLY stands out as bad.

Entertainment (which is games, DVDs, etc.) is getting crushed. After falling 14% YOY last Q4, it then fell another 20% this Q4.

One bright spot is actually a very bright spot for the total economy and that’s appliances. This is a sign of more housing activity, and everyone should be happy about that.

As to the key point, anyone who has ever been into a Best Buy knows how much floor space was devoted to entertainment media, and area that seems to be on the permanent decline.

BestBUy Comp Store Sakes

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By: Dr. Augustine Fou Thursday, March 29th, 2012 news

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Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.

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