Tuesday, January 22, 2013

Best Buy CEO: Let's embrace "showrooming" | Redux

Best Buy CEO: Let's embrace "showrooming"

Dell Think Tank on Small Business and Entrepreneurs
Dell Think Tank on Small Business and Entrepreneurs by Dell's Official Flickr Page
License (according to Flickr): Attribution License
Excerpt:

Ten weeks into the job, Hubert Joly says the consumer electronics chain's results have been unsatisfactory, and the company must work to stabilize sales trends and increase profitability. In a meeting with analysts Tuesday, he outlined a plan to cut costs, rethink store sizes and improve customer satisfaction in stores and online. He also says Best Buy must convert people who come into stores to "showroom" - or check out products to buy them cheaper online - into buyers. The struggling electronics chain, which is based in Minneapolis, tapped Joly in August to reverse a decline in its business. Competition is increasing from online stores and discounters, while the weak economy has sapped demand.

Concepts:

Best Buy Business

People:

Hubert Joly

Overall Sentiment: 0.0334546

Relevance: 0.878694

Additional Info:

Company: Best Buy

Overall Sentiment: 0

Relevance: 0.411938

FieldTerminology: consumer electronics chain

Overall Sentiment: -0.375732

Relevance: 0.565543

Site Meta
Posted by at
Labels: , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)