The company has “substantial doubt about our ability to continue as a going concern.”
That’s that real dedication.
Watch retail sales in real time.
The electronics retailer said the decision comes after a “strategic review of our store footprint.” It’s kind of incredible it had so many locations for this long, at all.
That would be 11% of its locations, the Wall Street Journal reported today, citing sources familiar with the matter. The chain will be a lot smaller than it was a decade ago.
As much as some people don’t like the idea of starting Black Friday sales on Thanksgiving Day, it absolutely drew the crowds.
Blockbuster plans to close its remaining 300 U.S. stores, leading many to joke that they didn’t realize it still had stores in the first place. But it takes a lot to kill off a company. Just take a look at these stats from businesses presumed to be dead already.
It’s October… do you know what that MEANS?!?
What happens when your business is declining with no end in sight? Panicked dealmaking, selling new stock to raise cash, laying off employees, and everything else in the parade of corporate horribles.
“It seems we have our own Chuck Norris and Jack Nicholson,” bigpicture.ru says.
The shoppers will look up to the sky and shout, “Save us some flat-screens,” and the Best Buy manager shall look down and whisper, “No.” But seriously, these Black Friday shoppers look really sad.
I don’t know which is worse: the people waiting for Black Friday sales on Monday, or the people stopping to Instagram it.
Test your mid-90s electronic price knowledge. Thank God it isn’t 1996 anymore.
The latest computers come with dual-core processors and a double helping of sexism.
Best Buy needs us to to believe we have too many good choices when it comes to phones, and that we’re too stupid to make them. We don’t and we aren’t.
Best Buy has never really understood the internet. And now it’s sort of dying.
Oh my God, the Sony walkman is on sale for only $59.99!? Mo-oom, get in the car. I need to spend my allowance!
Way to waste the police’s time there, Best Buy employees.
Justin Bieber as some sort of pedophile caveman from the Super Bowl Best Buy commercial. They way he said “He looks like a girl” while lasciviously staring at himself is fraught with all sorts of Freudian unpleasantness.
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GaGa’s latest fashion statement is a little bit Delta Burke, a little bit Herman Munster, and a whole lot of Office Max. It’s the Best Buy logo in the background that really nails down that avant-garde feel, though. WALK, WALK, FASHION, BABY!
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After posting their list of The Seven Types of Employees You Meet at Best Buy, Best Buy’s CMO, Barry Judge, responds with “The One Type of Gizmodo Blogger” — an ode to the couch-ing, ironic t-shirt-wearing, and Brooklyn-living techie blogger stereotype. Who said corporate suits couldn’t strike back? Although the post was soon taken down, its cache will remain — and Barry should know that. Either way: ZING!
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Best Buy’s new signs are an object lesson in kicking someone while they’re down. You don’t get much mean-spirited sarcasm in advertising these days, but (intentional or not) I’m pretty sure I’m in favor of it.
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