Why Best Buy is Going out of Business...Gradually. Or not - opposing view. 'Consider a few key metrics. Despite the disappearance of competitors including Circuit City, the company is losing market share. Its last earnings announcement disappointed investors. In 2011, the company’s stock has lost 40% of its value. Forward P/E is a mere 6.23 (industry average is 10.20). Its market cap down to less than $9 billion. Its average analyst rating, according to The Street.com, is a B-.' [more inside]
80 improv artists invade Best Buy disguised as employees. Predictably the real Best Buy employees freak out. (via /.)
Best Buy to offer CDs by indie artists for $7.99. "Choose from 20 impress-your-friends selections" at below wholesale price. What does this mean to you and me? Responses from Carrot Top Distribution and Merge Records.
U2 sells out (again?). I just got this email, which calls for a boycott of Best Buy because of an exclusive distribution deal with U2. Apparently, their upcoming concert DVD will be available at Best Buy two weeks before we can buy it anywhere else. Personally, I hoping for another interview with the Edge in which he claims to know nothing about this. I've always been a fan, but it is difficult to decide if these guys are genuine humanitarians or corporate pawns. In this day in age, I'm sure you can be both and get away with it.