Wednesday, September 15, 2010
Best Buy
Best Buy, a company very dear to me since I currently work there, announced a 61% jump in quarterly earnings. This is huge, because it shows that consumers are spending money in things they don't have to buy. One of the hottest sellers? You guessed it: Apple IPad's. Best Buy will now sell IPads at all locations, and has recently started selling "grab-and-go" fitness equipment (mats, pedometers, excercise videos.. you get the idea) in stores while greatly expanding "Online Only" selections of Home & Appliance electronics. One problem that Best Buy will need to overcome is the forecasted decrease in the sales of TVs and Computers.
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