The Lying Liars at Best Buy
Now, I am aware of the "limited time offer" concept and was not shocked that Best Buy carried the accessories for but not the actual product with the free accessories offer. But what is the point exactly? Is bait-and-switch the backbone of Best Buy's business?
I wouldn't be surprised. Clark Howard recently mentioned a Business Week article that explains Best Buy is sitting on about $500 million worth of gift cards. Even if you assume that a lot of this gift credit from Christmas will be spend soon, the chain is probably earning over a million dollars a month by holding on to these ersatz profits.
However, the truth lies in Best Buy's own employee procedures. People seeking the deals constantly published in the newspaper are considered theives and devils for costing the store money. Ultimately, they want those people to be brushed off and discouraged from coming back. They do a good job, since Best Buy is frequently empty. The customers they like are early technology adopters or buy appliances and devices regardless of cost.
So my questions is, why buy anything there if it's not really the "best" buy?
I wouldn't be surprised. Clark Howard recently mentioned a Business Week article that explains Best Buy is sitting on about $500 million worth of gift cards. Even if you assume that a lot of this gift credit from Christmas will be spend soon, the chain is probably earning over a million dollars a month by holding on to these ersatz profits.
However, the truth lies in Best Buy's own employee procedures. People seeking the deals constantly published in the newspaper are considered theives and devils for costing the store money. Ultimately, they want those people to be brushed off and discouraged from coming back. They do a good job, since Best Buy is frequently empty. The customers they like are early technology adopters or buy appliances and devices regardless of cost.
So my questions is, why buy anything there if it's not really the "best" buy?
Labels: Best Buy
5 Comments:
At February 04, 2008 6:52 PM, Rebecca Mecomber said…
The real question is how the heck this company stays in business.
At February 05, 2008 10:38 PM, Amanda said…
We've purchased a few things at Best Buy (although it was at a store in another state before we moved to NY--where the customer service seemed to be better--and that was 3 yrs ago and more), but only when they are deeply discounted or the item really is the best price at that particular store.
I have noticed the bait-and-switch tactics. Has anyone tried to get rainchecks there when the discounted item(s) are unavailable? Or do they lean on some loophole? (Just curious on that--haven't tried it, myself.)
At February 06, 2008 5:07 PM, RomeHater said…
They're limited supply and in-store only offers usually.
At February 07, 2008 1:50 PM, Umbra75 said…
I could'nt find any other way to contact you, so just delete this if it's in the wrong area or something.
I thought that the Rome, NY Sucks blog might be interrested in knowing that people at Maplewood Garden Apartments are being kicked out. Everyone is recieving eviction notices saying they have to be out by the 7th of March-not for anything that they've done, but because the new owners (based in New Jersey) are in a hurry to build townhouses, and charge two-hundred dollars more for rent then they are currently charging, which will bring it to over $600 per month. This, in an area that can't support this ammount of rent.
The Mayor's office knows about it, but has said there's nothing Mayor Brown can do. Assemblywoman RoAnn Destito has been sent information about it, but heas not answered it. The attorney general's office has been contacted be several people about this, and is investigating.
Originally, people living here were told that they would have until their leases expired. The owners have taken it upon themselves to change this, and now people are scrambling, not having any idea what to do or where to go, believing up to this point that they still had time.
If you or any of your readers know someone living at Maplewood, then you or your readers can easily verify this.
Again, I just thought that Rome, NY Sucks would want to know-if nothing more than yet another reason this city is going down the tubes.
At February 07, 2008 2:40 PM, Amanda said…
Is there nothing in the tenant law that limits the amount of rent increase that can be imposed?
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