Boyd Ostroff
November 10th, 2005, 05:44 PM
Wal*Mart is comin' to get ya ;-)
http://www.businessweek.com/bwdaily/dnflash/nov2005/nf20051110_5243_db016.htm
This holiday season, Wal-Mart Stores has made no secret that it's gunning for the nation's two largest consumer-electronics chains, Best Buy and Circuit City Stores. Wal-Mart has spiffed up the interiors of many of its electronics departments and added a slew of high-end products, from Sony liquid-crystal-display televisions and Toshiba laptops to Apple iPods.
And this part is also interesting:
Although they don't disclose it in their financial filings, the real earnings engine at Best Buy and Circuit City is not the sale of gadgets themselves but the sale of warranties
http://www.businessweek.com/bwdaily/dnflash/nov2005/nf20051110_5243_db016.htm
This holiday season, Wal-Mart Stores has made no secret that it's gunning for the nation's two largest consumer-electronics chains, Best Buy and Circuit City Stores. Wal-Mart has spiffed up the interiors of many of its electronics departments and added a slew of high-end products, from Sony liquid-crystal-display televisions and Toshiba laptops to Apple iPods.
And this part is also interesting:
Although they don't disclose it in their financial filings, the real earnings engine at Best Buy and Circuit City is not the sale of gadgets themselves but the sale of warranties