Best Buy

Best Buy to Eliminate Future Shop, Close 66 Stores
March 30, 2015

Best Buy isn't pulling out of Canada completely, like its fellow Minneapolis-based competitor Target recently did. But Best Buy has announced that it will close 66 of its "Future Shop" locations in Canada, and will convert the remaining locations to Best Buy stores.

The More Things Change in CE, the More They Stay the Same
March 24, 2015

For the 40-plus years that I have been in the consumer electronics (CE) business, retailers have been focused on how to grow revenue, increase margins and reduce returns. It was true in the 1970s and it still rings true today. Whether the focus of the business were TVs, VCRs, CD players, PCs, cellphones or smartphones, the issues are the same for retailers – “How do I make money in this low-margin business?” and “How do I get customers to shop at my store and not my competitor’s?”