5-year average
Electronics Retailers Scramble to Adapt to Changing Market. (The New York Times, 6/18/2012)
Excerpt: Best Buy is closing 50 of its big-box stores, and its sales at stores open at least a year are falling. Brian J. Dunn, its chief executive, recently resigned after the board found he was having an inappropriate relationship with a subordinate. Richard Schulze, who founded the company in 1966, said this month that he would leave the board immediately, a year ahead of schedule, and is trying to sell his 20.1 percent stake in the company.
Now, Walmart is running ads going after Best Buy consumers; a Chicago-area competitor is expanding amusement park attractions in its store to lure shoppers; and Target is selling Apple products — all in an effort to make buying electronics in a store appealing again. The trends are not favorable. People are increasingly buying electronics online, even if they go to stores to examine product features.
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