Best Buy to cut costs, open and close stores
05-07-13, 08:34 PM
#301
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Re: Best Buy to cut costs, open and close stores
I went in to another store yesterday that was remodeled the 3rd time in less than 2 years and their movie selection was pretty much non-existent. It was two aisles compared to the 6 or 8 they had before, with the music section jumbled next to it.
It's really unfortuante. I used to look forward to Best Buy trips, but not anymore. I don't necessarily think this means the writing is on the wall, but more of a different focus on peoples shopping habits. I always see people shopping for computers and TVs while I'm there and the media section tends to be empty.
It's really unfortuante. I used to look forward to Best Buy trips, but not anymore. I don't necessarily think this means the writing is on the wall, but more of a different focus on peoples shopping habits. I always see people shopping for computers and TVs while I'm there and the media section tends to be empty.
05-08-13, 03:11 PM
#302
Senior Member
Re: Best Buy to cut costs, open and close stores
My feelings exactly. This area went without a big box electronics retailer for about 8 months between Circuit City closing and Best Buy opening. All seemed well for maybe a year, but now every time I visit (unless it's for some DVD/BR exclusive) I ask myself why. People replace a major appliance or television at best every ~10 years. But a thriving movie and music department could bring people to the store every week. Now I just go to the mall, which is likely as damning a statement as I could make.
05-08-13, 05:04 PM
#303
DVD Talk Hero
Re: Best Buy to cut costs, open and close stores
Media (like DVDs, CD, and books) have low margins. Notice how few book stores and record stores there are these days. It's really difficult to maintain a business centered around selling these items.
Stores like Best Buy only stocked that kind of stuff to draw people into the store. Even if they sold a lot CDs and DVDs, they weren't making a killing off of them. Now that people are buying less media, there's little incentive to keep a large stock of such items.
Stores like Best Buy only stocked that kind of stuff to draw people into the store. Even if they sold a lot CDs and DVDs, they weren't making a killing off of them. Now that people are buying less media, there's little incentive to keep a large stock of such items.
05-08-13, 07:09 PM
#304
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Re: Best Buy to cut costs, open and close stores
Media (like DVDs, CD, and books) have low margins. Notice how few book stores and record stores there are these days. It's really difficult to maintain a business centered around selling these items.
Stores like Best Buy only stocked that kind of stuff to draw people into the store. Even if they sold a lot CDs and DVDs, they weren't making a killing off of them. Now that people are buying less media, there's little incentive to keep a large stock of such items.
Stores like Best Buy only stocked that kind of stuff to draw people into the store. Even if they sold a lot CDs and DVDs, they weren't making a killing off of them. Now that people are buying less media, there's little incentive to keep a large stock of such items.
05-08-13, 08:27 PM
#305
Senior Member
Re: Best Buy to cut costs, open and close stores
I hear you, Josh. Walking the line here, somebody at BB certainly thinks that focusing on other departments will lead to higher revenue. But it sure ain't working for me.
05-08-13, 08:38 PM
#306
Senior Member
Re: Best Buy to cut costs, open and close stores
And what makes it more laughable is the the FCC grants these jerks free access to a broadcast channel to put their crap on the air so why should the cables and satellites have to pay for local access. That's part of their contract with the FCC and the public. You put TV shows on and print money for that spectrum.
05-08-13, 09:52 PM
#307
DVD Talk Legend
05-09-13, 01:09 AM
#308
DVD Talk Hero
Re: Best Buy to cut costs, open and close stores
Some reports are circulating that Best Buy is about to reduce their media section even further from its current paltry size.
05-09-13, 02:31 AM
#309
DVD Talk Reviewer & TOAT Winner
Re: Best Buy to cut costs, open and close stores
Again, have to say that I'm SO glad they did this after helping to put many of the REAL media stores out of business!
05-09-13, 07:17 AM
#310
DVD Talk Limited Edition
Re: Best Buy to cut costs, open and close stores
DVD will be the high water mark for buying physical media. Blu will never get to the level DVD reached. People will rent/stream rather than buy another round of whatever comes out, blu,4k... Casual purchase of movies will be restricted to the bargain bins at 5 dollars or less.
05-09-13, 07:37 AM
#311
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Re: Best Buy to cut costs, open and close stores
Going off-topic, have you heard of the company Aereo? See articles like http://www.bostonglobe.com/business/...gxO/story.html. They believe they've found a way around that problem, but it's gonna take a number of lawsuits for the dust to clear.
05-09-13, 08:42 AM
#312
DVD Talk Special Edition
Re: Best Buy to cut costs, open and close stores
If Best Buy were to go belly up, is there another company that could possibly fill the void Best Buy will leave? Could Transwold use that opportunity to try to revive Suncoast? I'm not sure of Transworld's financial shape, so I'm not sure if that's even feasible. Are there any other electronics stores that could pick up Best Buy's pieces?
05-09-13, 10:11 AM
#313
DVD Talk Legend
Re: Best Buy to cut costs, open and close stores
Fry's has a better selection than Best Buy but they are few and far between. This is why it sucks when a place like Best Buy kills off small businesses that might have catered to movie buyers.
It would be cool to have a movie-centric store again. But they'd have to have a small footprint and likely couldn't be a freestanding store, so malls would probably be it.
It would be cool to have a movie-centric store again. But they'd have to have a small footprint and likely couldn't be a freestanding store, so malls would probably be it.
05-09-13, 10:11 AM
#314
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Re: Best Buy to cut costs, open and close stores
National stores: Walmart, target, Kmart, Sears has movies too.
Regional: Fry's - haven't been to one in a while but had a big selection when I was there last
Regional: Fry's - haven't been to one in a while but had a big selection when I was there last
05-09-13, 10:34 AM
#315
DVD Talk Legend
Re: Best Buy to cut costs, open and close stores
Walmart and Target are definitely taking media sales from Best Buy, but they generally don't have the title depth that Best Buy has even now in their reduced state.
05-09-13, 12:09 PM
#316
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Re: Best Buy to cut costs, open and close stores
Target - Please.....don't bother
KMart - 1 step below Walmart
Sears - KMart owns them. (How the eff did THAT happen?)
Frys...not here in metro NYC...The only OTHER media store is FYE (formerly Coconuts). There's even one around the corner from my local BB. Hey, maybe I should look there for Rookie Blue Season 3
05-09-13, 12:10 PM
#317
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05-10-13, 06:47 AM
#318
DVD Talk Limited Edition
Re: Best Buy to cut costs, open and close stores
I think movies will be less and less a standard product of a B and M store. The DVD hey days of people buying tons of movies are over. Bargain bins and a small new release section will be all that you see. No physical media will surpass what DVD did.
05-10-13, 02:54 PM
#319
DVD Talk Hero
Re: Best Buy to cut costs, open and close stores
The only media going forward in stores will be bargain bins, very recent new releases, and seasonal promotional displays. That is likely to be true for all companies, not just Best Buy.
06-01-13, 12:52 PM
#320
DVD Talk Reviewer & TOAT Winner
Re: Best Buy to cut costs, open and close stores
06-01-13, 05:27 PM
#321
DVD Talk Special Edition
Re: Best Buy to cut costs, open and close stores
"So the floor space optimization project again is to shrink these categories and emphasis the categories where we can grow.”
Apparently the article writer has never heard of the word emphasize.
As for the article's content, of course I hate their attitude, but it's no surprise. But I only use them when I can't avoid it, so it won't change my buying habits.
Apparently the article writer has never heard of the word emphasize.
As for the article's content, of course I hate their attitude, but it's no surprise. But I only use them when I can't avoid it, so it won't change my buying habits.
06-02-13, 01:41 AM
#322
DVD Talk Legend
Re: Best Buy to cut costs, open and close stores
I'll just continue shopping online and will "window shop" for electronics there if I feel the need to. Once they eliminate media completely I can't see myself going in there at all.
06-02-13, 01:32 PM
#323
DVD Talk God
Re: Best Buy to cut costs, open and close stores
Could it actually be possible that Target and Walmart will be the last B&M stores to sell physical media?
It sounds like Best Buy just doesn't care anymore and would rather focus their attention on high end electronics, computers etc.
It sounds like Best Buy just doesn't care anymore and would rather focus their attention on high end electronics, computers etc.
06-02-13, 03:40 PM
#325
DVD Talk God
Re: Best Buy to cut costs, open and close stores
Of course they are going to focus on where the most money is. Cell phones are one of the biggest areas of revenue/profit right now. That's why it is no surprise that their mobile department is now huge, front and center in most stores and even had spin off Best Buy mobile stores around the country. It used to be they used media as loss leaders to get people in the door. Those people might also browse and pick something else up. Pretty much now, any person who goes into buy one of those loss leader media items, rolls in, picks it up and walks out the door without looking at a single other thing in the store. There really isn't much you can do about that now to change people's habits.