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Retail bloodbath continues, more stores closing
Posted on 3/20/24 at 3:15 pm
Posted on 3/20/24 at 3:15 pm
LINK
Best Buy chief executive officer Corie Barry
quote:
Best Buy permanently closed ten stores this month - and now has 100 fewer shops than before the pandemic.
The ten all shut on March 2 and are in addition to another 24 the retailer shut during its fiscal year ending February 3.
The electronics giant is the latest this year to shut stores - or announce plans to do so. Walmart has shut three in 2024 and will shut another three in weeks.
Meanwhile, Dollar Tree has announced plans to shut 1,000, Macy's has said it will cull 150 - a third of its total - and drug store Rite Aid is shuttering 77.
Last year, major US chains including Target, CVS, Macy's and Rite Aid were behind nearly 3,000 stores closures in 2023.
Best Buy chief executive officer Corie Barry
19
Posted on 3/20/24 at 3:20 pm to WPBTiger
quote:
Best Buy chief executive officer Corie Barry
She a token LGBT+*}*{+#+#+ hire?
Posted on 3/20/24 at 3:22 pm to WPBTiger
quote:
bloodbath
Reported for violent speech
Posted on 3/20/24 at 3:29 pm to WPBTiger
It's inevitable that eventually only Walmart & Target will be left standing and that's only because they also sell groceries.
Between Amazon and chinese crap apps like Temu there is no need for others. And it is not a sign of economic doom. The people are spending more wisely. All the crap comes from Asia anyway so why pay a markup so some sociology major can check me out at Best Buy?
Between Amazon and chinese crap apps like Temu there is no need for others. And it is not a sign of economic doom. The people are spending more wisely. All the crap comes from Asia anyway so why pay a markup so some sociology major can check me out at Best Buy?
Posted on 3/20/24 at 3:32 pm to John Gotti
so basically, in about 10-15 years, walmart and amazon will become the only 2 behemoths in the retail space and will become the key economic indicators of our GDP
Posted on 3/20/24 at 3:34 pm to jcaz
I'm guessing the mark up isn't great on TVs anymore as well.
I remember when a 48" projection TV was several thousand.
I remember when a 48" projection TV was several thousand.
Posted on 3/20/24 at 3:37 pm to WPBTiger
BB has been ailing for years, which is evident in how poorly they stock the stores. I quit shopping in store as a result because of too many trips where they didn’t have what I needed.
This is just them starting to enter a death spiral.
This is just them starting to enter a death spiral.
Posted on 3/20/24 at 3:38 pm to WPBTiger
Who shops at Best Buy anymore?
I thought they were all closed.
I thought they were all closed.
Posted on 3/20/24 at 3:49 pm to WPBTiger
This is how you build back better.
Posted on 3/20/24 at 4:18 pm to The Squonk
Don't say that. I love Best Buy.
Posted on 3/20/24 at 4:25 pm to Champagne
bidenomics at work
Posted on 3/20/24 at 4:29 pm to WPBTiger
But according to Pedo Joe the economy is better than it has ever been
Posted on 3/20/24 at 4:32 pm to Miketheseventh
Best Buy has great financing options. I bought all my TVs, appliances, and PC/laptops there bc I could finance at 0%. They also price match; I found several things for cheaper elsewhere and they dropped their price so I could finance with them.
Posted on 3/20/24 at 4:38 pm to WPBTiger
Economy is doing great
Posted on 3/20/24 at 4:44 pm to WPBTiger
quote:
Best Buy chief executive officer Corie Barry
Never put your faith in a female CEO. Especially one with two male names.
Posted on 3/20/24 at 4:46 pm to jcaz
quote:
It's inevitable that eventually only Walmart & Target will be left standing and that's only because they also sell groceries.
If only someone could have predicted this.
Posted on 3/20/24 at 4:51 pm to WPBTiger
Can bloodbath still be used after Trump uttered that scary word last week during at rally? 
Posted on 3/20/24 at 4:52 pm to BuckyCheese
quote:
I remember when a 48" projection TV was several thousand.
Posted on 3/20/24 at 4:57 pm to jcaz
quote:
It's inevitable that eventually only Walmart & Target will be left standing and that's only because they also sell groceries. Between Amazon and chinese crap apps like Temu there is no need for others. And it is not a sign of economic doom. The people are spending more wisely. All the crap comes from Asia anyway so why pay a markup so some sociology major can check me out at Best Buy?
So....the heavy boots of Globalism continue to stomp out their competitors?
Just throw in the fricking towel and make the official announcement of a NWO Corporatocracy based on the CCP model of global economics and societal control.
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