Best Buy says goodbye to mobile phone stores

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

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

Link: https://www.cbsnews.com/news/best-buy-says-goodbye-to-mobile-phone-stores/

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?

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