You are correct. What is destroying BB is two things. One is that DVD sales are dropping off considerably in a long term downward trend. I'd also put software into that too, as Valve and others have gaming download services. The second is Amazon.com, which has a cheaper business model, and is moving into Best Buy's turf by selling electronics. Many consumers now only use Best Buy to browse and look at big ticket items like tvs, before they order at Amazon. So Best Buy is not much more than Amazon's free showroom.
Yep! This is true. Same thing happening with book stores. And now that everyone has smart phones, they can walk into a best Buy, Barnes and Noble, etc., play with the items, flips through a few pages and then scan the barcode and order it right there on line.
Surprised to read they're laying off Geek Squad employees though. I thought I read on another article that GS was the one part of Best Buy that's raking in a profit.
Anyways, I spent $1400 in Best Buy last weekend. I could've bought my purchases cheaper on line but I like Best Buy and don't want to see them go out of business. And I suspect the people who use BB as Amazon's showroom will be pretty bummed as well when they shutter their stores.