Weren't they thought of as the next Blockbuster just a few years ago? How Amazon and other online shopping outlets are hurting their business. Well, today their stock hit a six year high. Anyone know what's led to their resurgence?

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Posted by TigerWise

Front Seat of an Uber

Member since Sep 2010

35113 posts

Posted on 11/17/16 at 6:04 pm to Paul Allen

I haven't been in a Best Buy in maybe two years but I would guess a number of things. Website with ecommerce and local pickup. Added value services like geek squad. Premium product lines mixed with their own sourced high margin lines. And proximity to Madigan's.

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Posted by Paul Allen

Montauk, NY

Member since Nov 2007

75137 posts

Posted on 11/17/16 at 6:20 pm to TigerWise

quote:
Madigan's

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Posted by moock blackjack

Member since Apr 2008

96127 posts

Posted on 11/17/16 at 7:25 pm to Paul Allen

Just a cool store to go in and see everything right in front of you!!!

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Posted by SabiDojo

Open to any suggestions.

Member since Nov 2010

83927 posts

Posted on 11/17/16 at 7:56 pm to Paul Allen

Old people

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Posted by WhiskeyDick

shite Poster

Member since Sep 2014

1354 posts

Posted on 11/18/16 at 7:13 am to Paul Allen

I buy almost every electronic and accessory on an impulse. I want to walk in and pick it up. If I have to wait even a day for Amazon delivery, the urge will pass and I won't buy it. This goes from cords to movies to TV's. I'm so impatient I rented a U-Haul to pick up a flat screen the other day vs waiting 2 days for Amazon to bring it to my door for cheaper.

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Posted by GaryMyMan

Shreveport

Member since May 2007

13498 posts

Posted on 11/18/16 at 7:53 am to Paul Allen

People who love paying sales tax?

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Posted by kengel2

Team Gun

Member since Mar 2004

30682 posts

Posted on 11/18/16 at 9:07 am to Paul Allen

Several restructures cutting dead weight and essentially selling real estate in their store to vendors.

Pretty smart moves operationally.

Oh and a refocus on actually selling things.

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Posted by madmaxvol

Infinity + 1 Posts

Member since Oct 2011

19126 posts

Posted on 11/18/16 at 9:08 am to Paul Allen

quote:
Weren't they thought of as the next Blockbuster just a few years ago?

I thought they would go the way of Circuit City...but they have weathered the storm and appear to be doing well in the current business climate. Apparently they are bolstered by online sales, have competent sales staff and competitive in-store pricing.

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Posted by goldengorilla

Dallas

Member since Jun 2008

1013 posts

Posted on 11/18/16 at 9:22 am to madmaxvol

Mobile, smaller store footprints, and leasing space internally as mentioned before. The online price matching thing has to hurt, but they make up for it selling service plans, installs, and high margin accessories.

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Posted by Tempratt

WRMS Girls Soccer Team Kicks arse

Member since Oct 2013

13294 posts

Posted on 11/19/16 at 8:49 am to Paul Allen

The location in Monroe, La is always busy.
For the life of I can't understand why.
I shop this location frequently and don't mind paying more than Amazon so that I can have it immediately.
And buying something like a 60" online would be a pain in the arse.

When this store opened I fully expected there to be a bunch of angry rednecks screaming about it.

This post was edited on 11/19/16 at 8:54 am

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Posted by efrad

Member since Nov 2007

18644 posts

Posted on 11/19/16 at 9:30 am to Tempratt