{"id":451,"date":"2012-03-29T21:51:00","date_gmt":"2012-03-29T21:51:00","guid":{"rendered":"http:\/\/www.dfcint.com\/dossier\/?post_type=news&#038;p=451"},"modified":"2018-07-09T22:28:32","modified_gmt":"2018-07-09T22:28:32","slug":"best-buy-to-close-50-stores","status":"publish","type":"post","link":"https:\/\/www.dfcint.com\/dossier\/best-buy-to-close-50-stores\/","title":{"rendered":"Best Buy to Close 50 Stores"},"content":{"rendered":"<p style=\"text-align: justify;\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-452\" src=\"http:\/\/www.dfcint.com\/dossier\/wp-content\/uploads\/2012\/05\/Best-Buy-LogoWP.jpg\" alt=\"\" width=\"290\" height=\"201\" \/>MARCH 29, 2012 \u25cf After reporting a $1.7 billion loss on March 3, Best Buy announced that it would close 50 stores during the next year, as well as cut 400 jobs from its corporate and support personnel rolls.\u00a0 The retailer wants to cut $800 million by its fiscal year 2015.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000080;\"><em>Impact: Best Buy is clearly in trouble even though 50 stores closing is not that many in the grand scheme of things.\u00a0 We think that the January Forbes article entitled \u201cWhy Best Buy is Going Out of Business\u2026Gradually\u201d was spot on.\u00a0 The summary of that detailed article was that Best Buy can\u2019t compete with online retailers like Amazon.\u00a0 However, that article highlights another key problem with Best Buy, poor customer service.\u00a0 The problem is that when a company like Best Buy struggles with profitability they tend to cut jobs and that becomes a downward spiral as fewer employees means less customer service.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARCH 29, 2012 \u25cf After reporting a $1.7 billion loss on March 3, Best Buy announced that it would close 50 stores during the next year, as well as cut 400 jobs from its corporate and support personnel rolls.\u00a0 The retailer wants to cut $800 million by its fiscal year 2015. Impact: Best Buy is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[313,110,78],"tags":[129,84],"_links":{"self":[{"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/posts\/451"}],"collection":[{"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/comments?post=451"}],"version-history":[{"count":4,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/posts\/451\/revisions"}],"predecessor-version":[{"id":13439,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/posts\/451\/revisions\/13439"}],"wp:attachment":[{"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/media?parent=451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/categories?post=451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/tags?post=451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}