Description: NEW YORK— Best Buy (BBY) is shuttering all 250 of its small-format mobile phone stores in the U.S., saying the locations have become less profitable.
Source: CBS.com – video report
Date: Mar 01, 2018
Questions for discussion:
Why is management taking this action?
- How have consumer buying behaviors changed since these stores first opened?
- Do you think Best Buy will lose much in the way of sales as a result of this decision?