Sunday, July 20, 2014

"Why Best Buy is Going out of Business...Gradually"

From an old Forbes article

"First comes the strategic bankruptcy, well in progress at Best Buy, where management’s sole focus is improving some arbitrary metric from last quarter, even when doing so actually interferes with customers trying to buy something else. The financial collapse comes later. But if history is any guide, the second part, once it starts, will be quick."
This reminds me of Radio Shack - the strategic bankruptcy was selling cell phones.

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