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Best Buy profit pinched by discounting ( HGTV, DSL, Flat screen tv's ) ( Merry Christmas )
MarketWatch ^
| 01/05/2007
| Jennifer Waters & Angela Moore
Posted on 01/05/2007 7:28:09 AM PST by george76
click here to read article
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Best Buy bans MERRY CHRISTMAS in their stores
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1
posted on
01/05/2007 7:28:11 AM PST
by
george76
To: Gopher Broke
2
posted on
01/05/2007 7:29:18 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: george76
And charges $35 to run a virus scan on your computer(or so my dad claims).
To: george76
HGTV?
To: george76
What does the network HGTV have to do with it? (just curious)
5
posted on
01/05/2007 7:31:27 AM PST
by
MizSterious
(Anonymous sources often means "the voices in my head told me.")
To: RabidBartender
They make all their money from selling warranties and financing.
6
posted on
01/05/2007 7:31:45 AM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: dcnd9
7
posted on
01/05/2007 7:32:39 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: MizSterious
To: ContemptofCourt
I did. It says HGTV, which is a network, not an electronic gadget. I read the article, and could find no further reference to it.
9
posted on
01/05/2007 7:34:14 AM PST
by
MizSterious
(Anonymous sources often means "the voices in my head told me.")
To: Moonman62
"They make all their money from selling warranties and financing."
You are correct. Our firm was involved in a lawsuit against Best Buy and discovery revealed that some stores' entire profit margin was a result of the extended warranties they sell. But for these warranties those stores would would have been in the red.
10
posted on
01/05/2007 7:35:12 AM PST
by
joebuck
To: george76
What's your point? Sales jumped but profit margins shrunk...has nothing to do with them not saying "Merry Christmas," as obviously more people came into the stores.
To be sure, BBY's story is the same as all the retailers this year...decent sales but only because everyone heavily discounted.
To: ContemptofCourt
Did they mean HDTV?
12
posted on
01/05/2007 7:35:22 AM PST
by
null and void
(Propaganda doesn't have to make sense. Hell, it often works better if it doesn't.)
To: MizSterious
HGTV is supposed to be "HDTV", or high def TV
To: george76
Best Buy bans MERRY CHRISTMAS in their stores Their CEO is a genuine patriot, having contributed significant dough to conservative candidates and causes.
To: ContemptofCourt
Hey, you're the one who told me to "see the headline." If the headline makes no sense, it's not my fault.
15
posted on
01/05/2007 7:37:43 AM PST
by
MizSterious
(Anonymous sources often means "the voices in my head told me.")
Also, note that Best Buy is now selling MP3s (according to the article, anyway).
16
posted on
01/05/2007 7:39:27 AM PST
by
vollmond
(Sorry, Mom, the mob has spoken!)
To: joebuck
Thank the new bankruptcy laws for Best Buy's problems. Because it is true that they make all their money from extended warrenties and financing, they have been hurt by marginal consumers thinking twice before going into long term debt for toys. Best Buy needs broke people who need instant gratification, for them to succeed in straping them with a high interest loan for that 50" HDTV that they cant afford, but would have otherwise just defaulted on with no penalties. Best Buy would get the write off on the debt as well.
17
posted on
01/05/2007 7:41:24 AM PST
by
Pukin Dog
(Sans Reproache)
To: ContemptofCourt
Shhhhh. Let these people delight in their glee by thinking that a Christian boycott of Best Buy made the retail giant suffer, feel agony, regret, shame and sorrow for their failure to exploit religion as a part of their marketing plan.
To: MizSterious; martin_fierro
My mistake.
It should have been : HDTV
19
posted on
01/05/2007 7:48:13 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: george76
20
posted on
01/05/2007 7:51:09 AM PST
by
MizSterious
(Anonymous sources often means "the voices in my head told me.")
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