When I was doing some tv and video stories for CBS Marketwatch (later Dow Jones/WSJ)
in New York City some years back, I began something of a partnership with Best Buy. They're based in Minnesota, but through their PR company in New York, gave us access to shoot video in their stores almost carte blanche. We would interview Best Buy people from time to time, so the relationship worked well for all concerned. This was the time when big boxy "big screen" tv's were giving way to HD and Plasma TV's Blue Ray would muscle out HD DVD and Apple was busting out with I Tunes, before the I Pad hit the world.
Even through the recession, it seemed that Best Buy was well managed and would weather the recession, even as competitors like Circuit City went belly up. Then Costco and Sams Club started pushing electronics and Amazon got into the act, and suddenly Best Buy was a place for picking up some e supplies and small gadgets, but just a place to window shop for the big ticket items. As you'll read in this NY Times piece, it's cost the CEO his job and investors may be pondering if the big blue and yellow retailing behemoth is a good buy, let alone a Best Buy.
