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Tag Archives: best buy closes

Best Buy is dying – Schulze launches rescue bid

Founded in 1966, Best Buy enjoyed around 40 years of success. However, its decision to rapidly expand across the globe – just as the globe was beginning a nightmare financial meltdown – has left it on life support with a very poor prognosis from the financial spin doctors. KitGuru ponders …

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Best Buy surrenders, job losses to follow

One of the world’s most successful electronics retailers has raided the white flag store and is preparing to surround its outlets with them. Looks like more than 1,000 people could be unemployed before Christmas. Bad news, but was it predictable? In economic terms, this recession is like the retail version …

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