2 Things Best Buy Can Do to Right This Ship

The following video is part of our "Motley Fool Conversations" series in which consumer goods editor/analyst Austin Smith and industrials analyst/editor Brendan Byrnes discuss topics across the investing world.

In today's edition, Austin talks about two things Best Buy could do to right its business. With the CEO abruptly departing and the company looking like it's in survival mode, drastic changes are needed. Unfortunately, the sort of upheaval that Austin has in mind is probably only doable under private ownership. While the move toward smaller store formats is a step in the right direction, the focus on mobile devices is not. RadioShack has been doing this for some time now without success. Instead, Austin would like to see Best Buy leverage its Geek Squad more and become a more service-oriented company, focusing on installations, repairs,and other services that Amazon can't replicate.

Best Buy is just another victim of the trend that's resulting in "The Death of Retail," You can learn more about it, and which companies could profit, by clicking here now.

Austin Smith has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool owns shares of Amazon.com, Best Buy, RadioShack, and Wal-Mart Stores. Motley Fool newsletter services recommend Amazon.com and Wal-Mart Stores. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1862928, ~/Articles/ArticleHandler.aspx, 11/26/2014 12:46:19 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement