With nearly 1,400 store-within-a-store concepts slated to be opened by early June, the Samsung Experience store opened this week in the Union Square Best Buy this week. This store represents one of close to 900 such stores to open between now and May, according to PC Mag.
Electric vehicles and solar power might be the keys to Best Buy’s longevity, according to an article on Motley Fool. Both online and physical retail stores have been chewing away at their market-share for years now, for Best Buy to remain a major player they will need to find new niches in electronics.
Millions of Americans make it a point to watch Amy Poehler when she’s on television. Now, there’s hope that she can help sell TVs, too.
Judgments about how “good” an individual person is are notoriously subjective: people can find things to criticize even among winners of the Nobel Peace Prize. But apparently it is possible to objectively measure how good a company is. The 2012 Good Company Index (GCI) ranks Fortune 500 companies using measurements of employee satisfaction, treatment of customers, commitment to sustainability and adherence to ethical standards.
The comedian and actress, who scored what was probably the most oft-repeated line of the Golden Globes fest (it’s at about the 1-minute, 50-second mark of the opening), will be the star of a 30-second ad for the electronics chain during the first quarter of the game, according to the Associated Press.
Are your stockings hung by the chimney with care? Hope so, because the holiday shopping season has begun everywhere. While consumers hit the shops – and the Internet – The Harris Poll has been hard at work checking on some of the top issues facing retailers and shoppers alike this holiday season.
Hubert Joly, the new Best Buy CEO who is just 10 weeks on the job, said recently that the time has come for the big-box retailer to stop fighting the showrooming trend. Instead, the executive said, Best Buy should be working to leverage mobile shopping habits to its advantage.
In his Tuesday address to investors and stockholders in New York City, newly minted Best Buy Co. CEO Hubert Joly acknowledged that sales and profits are on a decline, and presented a plan to shore up finances and operations by cutting expenses, rethinking footprints and improving both offline and online customer satisfaction.
For this post, you’ve got ringside seats to the bout pitting the big box veteran against the online “underdog.” We’ll go three rounds with BIG insights to see who might have more long-term stamina.
The retailer is testing out a new prototype that cuts down on floor space and uses a help desk, run by Best Buy’s Geek Squad, as the focal point of the company’s layout. The Geek Squad desk allows customers to ask questions and handle issues. According to The Wall Street Journal, which took a tour, the desk closely resembles Apple’s Genius Bar.
Manhattan retailers are facing the same intensified pressures from Internet retailers and a slow recovery that are causing big box stores to close and shrink throughout the country. Only here, landlords are better positioned than their suburban counterparts to deal with the weakening demand by returning the space from whence it came.
Best Buy’s commercial reveals 10 technology innovators who have changed the way we use our phones and culminates with Best Buy’s own contribution to the process. From iconic apps like Words With Friends, to innovations we can’t live without like SMS messaging.