Back in July of 2011 I posted about the sad story of Borders and how it went by the way side.  At the end of the article I mentioned that Best Buy was on death row, making it way to the big chair.

https://www.carlosrandolph.com/2011/07/124

I went to a Best Buy back around Christmas and it was depressing.  They had nothing I needed/wanted and it was simply sad.  I remember five years ago going to the store with my wife and telling her to meet me at Best Buy which was right beside.  Well based on what I saw, I’d rather be at the grocery store by feminine products for my wife then being in a Best Buy.

I saw earlier this year that CNBC did an hour-long piece on Best Buy where it was trying to prove why it was relevant.  After watching it I was doubly sure that they were still on death row and the end was nearer than I thought.  I just saw the news about the 3/29/12 numbers report that coincided with the announcement that they were closing 50 stores, firing 400  employees and refocusing their effort on be a mobile phone store.  Are you serious???

I purchased my last phone and my iPad online and got it in the mail.  They might as well try to refocus on selling CDs in the store… Oh wait, they already did that and that’s how they got here.  The only shining jewel in this festering turd of a company is the Geek Squad.  You just watch, at some point in the next 12 months to 18 months there will be an announcement that they are spinning the Geek Squad off.  They well say it’s because investors can find more value that way.  The real reason will be that a) they need the cash, b) by keeping them as part of BB, will kill them.  Today, right now…  Geek Squad is a the pacemaker that is keeping Best Buy alive.

That’s my 2 cents.