Best Buy reduces operating expenses by closing super stores

We called this back on Sept. 16th of last year.  Take a look right here http://www.57thstventures.com Best Buy has now admitted that the Big Box Electronics format is a thing of the past.  The CEO wants to invest in a full service warranties and services model.  Margins will continue to shrink and online retailers will […]

Best Buy will have to reduce operating expenses by 25%. Close stores and decrease square footage

The Best Buy business model is broken.  Competition from online retailers and changing product mix have eroded BBY once dominant position. Here’s what needs to happen IMMEDIATELY in order for Best Buy to show improvements in Same Store Sales and EPS going forward. #1) Close 25% of underperforming stores ( #2) Increase Best Buy Mobile […]

Walmart to sell IPAD in 2010 will give it a needed push in electronics….

Thirteen percent of Wal-Mart’s U.S. store revenue came from entertainment in the year that ended Jan. 31, trailing only groceries, which accounted for 51 percent of sales.  THAT’S HUGE     Wal-Mart Stores Inc. may start selling Apple Inc.’s iPad in 2010 in some U.S. stores as it competes with electronics chains for consumers who […]

Best Buy is up 5.6% on 4Q09 profit and sales that exceeded expectation. It’s all about gross margins

What WMT acquisition of VUDU means for stock

WMT  stated goal of being a player in the home entertainment market just got bigger with the aquisition of VUDU. VUDU’s film download service is being “vertically integrated into HD TV’s and Blue Ray Disc Player manufacturers including LG and Mitshubishi. What does this mean for the stock? WMT currently sells 40% of it’s DVD’s […]