Thursday, March 29, 2012

Best Buy is Shrinking!


Does this surprise anyone?  If you are even semi-interested in electronics, you should know already that online retailers have significantly better deals than Best Buy almost every day.  In my experience the difference is 20%-50% for most items.  And forget about buying computer components.

The problem is places like Best Buy rely on customer ignorance and impulse purchases to keep their margins.  As customers become aware of the ease and competitiveness of the online retailers, there is just no real reason to visit a Best Buy.

If instead, they offered helpful salespeople and slightly higher prices, I could see some value there, but online retailers offer better prices and typically provide much more information.

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