Can Best Buy Survive? Yes, if it Doesn't Forget to Fix its Stores, Not Just its Site
Best Buy is back in the news again. Apparently it's updating its website to get on par with Amazon.com and other competitors selling consumer electronics and appliances. While the company acknowledges it will take some time to get there, it has bigger issues in the terrestrial world. The company has a LOT of stores that have fallen into irrelevancy. New CEO Herbert Joly has taken some steps to undo damage done over the past seven years, but there's a lot more work to be done. If the chain can't return its stores to relevancy, it's in serious trouble.