• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About Strata-gee
  • Contact Us
  • Free Newsletter
  • Sponsor Strata-gee
  • Privacy Policy

Strata-gee.com

Strategy in TECH...

Crestron Infra-Bass
AudioControl Single Zone Amps
What Savant Can Do
Sonance James Small Aperture Series
  • Latest Posts
  • Strategy
  • Technology
  • Products
  • People
  • Statistics
  • Financial
  • Legal
  • Economic Data
  • Shows & Events
You are here: Home / Archives for Best Buy

Best Buy

Best Buy Blows Away Fiscal 2nd Quarter Estimates – Yet Its Stock Drops; Why?

August 26, 2020 by Ted Leave a Comment

Best Buy store

Best Buy Co. Inc. (NYSE: BBY) had what appeared to be a big win this week, generating financial results that handily beat its fiscal second quarter estimates, driven largely by a huge 242.2% increase in ecommerce sales. Their fiscal second quarter, the 13-week period that ended August 1, 2020 was big, coming in at $9.910 billion – even in a COVID-19 ravaged quarter – fully 4% higher than the $9.536 billion in the same quarter in 2019.

And yet, the company’s stock value DROPPED on the announcement of their quarterly results. And in after-hours trading, Best Buy stock lost as much as 5% of its value. Why did that happen?

See why Best Buy stock got hit, on good news…

[Read more…] about Best Buy Blows Away Fiscal 2nd Quarter Estimates – Yet Its Stock Drops; Why?

Filed Under: Financial, News, Strategy Tagged With: Best Buy, COVID-19

Best Buy Rebranding Reverses Historic Course

May 9, 2018 by Ted 10 Comments

Old Best Buy logoBest Buy has launched a corporate rebranding that is both sweeping in style and represents a shocking reversal of course, undoing much of its original mission that was created when founder Dick Schulze, President Brad Anderson and crew launched an entirely new store concept known as “Concept II.” Concept II was a reinvention of their formerly more traditional superstore design to a new warehouse style discount store designed to deliver the “Best Buy” on all things tech. This new branding change is to such a significant degree that even Advertising Age Magazine (AdAge) devoted significant space to an analysis of it.

See more on this surprising reversal of the genesis of Best Buy’s founding concept… [Read more…] about Best Buy Rebranding Reverses Historic Course

Filed Under: Brands, Industry Trends, Management, Marketing, News, Pivot Point, Retailers, Strategy Tagged With: Best Buy, Concept II, warehouse stores

Geek Squad: Nerdy Repair Man or Proxy FBI Agent?

March 8, 2018 by Ted 1 Comment

Photo of Geek Squad GeekAh…those geeks on Best Buy’s Geek Squad. They’re so cute aren’t they? With their little white shirts, clip-on black ties, and nerdy glasses taped on the nose bridge. You just know that when you give them your misbehaving computer, they’re going to get right to fixing it. But would you hand your computer over to a member of the Geek Squad if you knew he was acting as a kind of paid FBI agent by proxy, one who intends to scour your hard drive and look through your files to find anything possibly compromising to hand over to the FBI…and collect a bounty? Or would you choose a different repair center, one that simply focuses on repairing your computer?

Yes, some Geek Squad members are paid informants for the FBI… [Read more…] about Geek Squad: Nerdy Repair Man or Proxy FBI Agent?

Filed Under: Law, Retailers Tagged With: Best Buy, FBI, Fourth Amendment, Geek Squad, illegal search and seizure

Are Amazon Geeks Geekier than Best Buy’s?

July 20, 2017 by Ted Leave a Comment

Amazon Tests In-Home Installations

Best Buy store and Geek Squad truckRecode is reporting that Amazon is testing an installation service for smart home products in several key test markets – in direct competition with Best Buy’s Geek Squad. While these two giants battle over the rights to install smart home solutions into the home, where does this leave the independent integrator?

See more of what we learned from Recode… [Read more…] about Are Amazon Geeks Geekier than Best Buy’s?

Filed Under: Industry Trends, Integrators, Management, News, People, Pivot Point, Retailers, Strategy Tagged With: Amazon, Apple Genius, Best Buy, Geek Squad

Best Buy is Dying, Declares Major Investor Newsletter

May 25, 2016 by Ted 3 Comments

Photo of freestanding Best Buy store locationIn a report provocatively titled “Best Buy Isn’t Dead, but It Is Dying,” top investor service The Motley Fool (TMF) suggested that number one consumer electronics chain Best Buy’s “…best days are in the past.” Written by Rick Munarriz, the report dissects Best Buy’s last financial quarter report, as well as its future forecast.

See more on why The Motley Fool took this position on Best Buy… [Read more…] about Best Buy is Dying, Declares Major Investor Newsletter

Filed Under: Financial, News, Research, Retailers Tagged With: Best Buy, Conn's, H. H. Gregg, Hubert Joly

Hey Retailers – Forget the Millennials, Follow the Money

April 9, 2015 by Ted 3 Comments

Forrester Research logoNew data from market researcher Forrester Research Inc. suggests that retailers should forget about trying to attract millennials or other younger shoppers and instead shift gears to reach out to baby boomers. Why? Quite simply, that’s where the money is.

See the interesting results from this new research on buyer trends… [Read more…] about Hey Retailers – Forget the Millennials, Follow the Money

Filed Under: Consumer Trends, Economic Trends, Industry Trends, Management, Marketing, News, Research, Strategy Tagged With: Amazon.com, Best Buy, Forrester Research, Home Depot, Nordstrom, Toy's 'R Us, Trader Joe's

Best Buy Licenses Sharp Brand Name for Smaller, Cheaper TVs Sourced from OEM Suppliers

February 12, 2014 by Ted 5 Comments

Best Buy LogoIn a report out of Japan last week, the Nikkei says that Sharp Corp. has reached a deal with Best Buy that will allow the retailer to license the Sharp brand name to be used on TVs made by OEM manufacturers for smaller and less expensive TVs. Sharp will continue to retain the brand for larger-sized sets (i.e. >50-inches), while Best Buy will have their OEM suppliers make Sharp-branded sets in smaller sizes.

Then move could be risky, potentially causing a conflict between the lower quality smaller sets and the higher quality larger sets…each bearing the Sharp brand.

See more on this move designed to bring in a royalty stream with no cost of inventory… [Read more…] about Best Buy Licenses Sharp Brand Name for Smaller, Cheaper TVs Sourced from OEM Suppliers

Filed Under: Asian Connection, Brands, Manufacturers, News, Pivot Point, Strategy Tagged With: Best Buy, Sharp

NY Integrator Makes Unusual Expansion into Retail

October 30, 2013 by Ted 4 Comments

Photo of JD Pro's Jak Daragjati
Jak Daragjati
JD Pro

 

JD Pro, an integrator based in Staten Island, New York, has made what many would consider an unusual step – taking their successful, primarily commercial integration business and expanding it into the consumer retail market space. This step, which many would consider suicidal in the brutal New York Metro consumer electronics retail market, makes perfect sense to JD Pro’s owner – especially when you consider the unique position that their company has held from the day it was founded.

Why would a commercial integrator expand into retail? See more below… [Read more…] about NY Integrator Makes Unusual Expansion into Retail

Filed Under: News, Retailers, Strategy Tagged With: Best Buy, Jak Daragjati, JD Systems, Pro-Sho, The Sound Attitude

Top Advertiser Trends in Q1 2013

June 19, 2013 by Ted Leave a Comment

Photo of Chevrolet CruzeAs marketers, we are always watching who’s doing what in advertising. Below is a list of the top advertisers in the first quarter of 2013. There are many familiar names here…familiar largely because, as aggressive marketers, they are regularly investing in marketing and therefore regularly appearing on this list.

Did TECH make the list of top advertisers? See here… [Read more…] about Top Advertiser Trends in Q1 2013

Filed Under: Brands, News, Research Tagged With: AT&T, Berhshire Hathaway, Best Buy, Comcast, HP, Nebraska Furniture Mart, R.C. Willey, Sony

Founder Schulze Considering Abandoning Deal for Best Buy

February 14, 2013 by Ted Leave a Comment

Best Buy's Founder Richard Schulze
Richard Schulze
Former Best Buy Chairman

Multiple news outlets, including the Wall Street Journal and Reuters News Service, are reporting that Best Buy founder Richard M. “Dick” Schulze is considering abandoning his bid to take the company private. Schulze had informed the Board of Directors in August 2012 that he intended to purchase all outstanding shares of stock to take the company private. After months of study and planning, Schulze is said to be ready to scuttle the plan.

Why, after so much effort, is Schulze considering dropping his bid?…See what we discovered… [Read more…] about Founder Schulze Considering Abandoning Deal for Best Buy

Filed Under: Financial, Management, News, Retailers, Strategy Tagged With: Best Buy, Brian Dunn, Richard Schulze

  • Page 1
  • Page 2
  • Page 3
  • Go to Next Page »

Primary Sidebar

Search

Sign-Up for Our FREE Newsletter

loader

Latest Posts

T-Day+1: Tariffs…And So It Begins…

STORY UPDATED 4/30/25 - See a Selection of Tariff Increases from Around the … [Read More...] about T-Day+1: Tariffs…And So It Begins…

On Fire, Sonance Acquires Blaze Audio in Pro Audio Expansion

Sonance, a leading innovator of custom integration solutions founded more than … [Read More...] about On Fire, Sonance Acquires Blaze Audio in Pro Audio Expansion

  • T-Day+1: Tariffs…And So It Begins…
  • Masimo Tells SEC It Was the Victim of a Cyberattack
  • Masimo Sells Sound United to Harman; Excited? Temper Your Enthusiasm
  • Strata-gee Founder Hospitalized After Suffering Injuries in Accident on Monday

Categories

Sponsors

Crestron Infra-Bass
AudioControl Single Zone Amps
Sonance James Small Aperture
Savant
Oasys Residential Technology Group

Tag Cloud

acquisition Amazon Apple AudioControl B&W Bowers & Wilkins CEDIA CEDIA Expo CES Control4 Core Brands COVID-19 Crestron D&M Holdings Denon Emerald Expositions Foxconn Gibson Brands Gibson Guitar Google Henry Juszkiewicz Hon Hai Precision Industry Co. housing starts Integra Joe Kiani LG Marantz Masimo Nortek OLED Onkyo Panasonic patent infringement Pioneer Samsung Savant Sharp smart home SnapAV Snap One Sonos Sony Sound United SpeakerCraft Toshiba

Footer

Got News?

HEY PR & Marketing Pros: Have NEWS for Strata-gee readers?

Send it to: HotNews@strata-gee.com

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Sponsor Strata-gee

Strata-gee Ads

Archives

Translate

Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

Follow Ted Green

  • Facebook
  • X
  • LinkedIn
  • Instagram

Copyright © 2025 Strata-gee.com · The Stratecon Group, Inc. All Rights Reserved · Log in