Justin DiNardi Best Buy

Justin DiNardi Best Buy - 2007, as reported in the Value...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Over the last decade, Best Buy has stretched its operations globally. With its most recent expansion; Best Buy has opened up a retail shop in Hato Rey, San Juan (Puerto Rico) on February 29 th , 2008. This and other endeavors have helped Best Buy reach their large market, and promise to keep stocks at a steady rate. Best Buy is also engaged in community affairs. Before opening their first retail store in Puerto Rico, the company “supported the island’s growth by updating the technology in the Estudia Conmigo Library (Geek Squad Agents will continue to service the library), donating more than 20,000 books to lacoal schools, including Escuela del Deporte and Escuela Antonio S. Pedreira, and donating $10,000 to Casa Cuna (an infant assisted living home) Best Buy will continue to support the Puerto Rico community through volunteerism and grants that benefit children and education.” (Best Buy, 2008) Best Buys largest direct competitor, Circuit City, is failing to keep up with its sales. In
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2007, as reported in the Value Line Investment report on Best Buy, same store sales have grown three percent; while same store sales for Circuit City have plummeted nearly six percent. This change is likely due to the consumers preference in their retailer outlets. Though the two companies offer the same service, Best Buy simply does it better . If trends continue to follow the same route, it wouldnt be unexpected to see Circuit City drop out of the market within the next decade. Since the current trends of the global economy warn of a possible recession, investors may become wary of investing in new markets. Since Best Buys services arent necessarily essential to the economy, it might see a drop in sales revenue, and a decline in stock value. With the companys recent global endeavors, its liabilities have increased exponentially. This may pose a threat to its well being. http://www.bestbuynewscenter.com/flash/bestbuy.pdf...
View Full Document

This note was uploaded on 04/03/2008 for the course MGT 300IW taught by Professor Allbriton,mitchell,bowers during the Spring '08 term at N. Arizona.

Page1 / 2

Justin DiNardi Best Buy - 2007, as reported in the Value...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online