Analysis: How to Fight Wal-Mart, Best Buy's challenges? – Best Buy, flat screen TV – HC Network Appliance Industry-hc360
Wal-Mart's aggressive march
Flat Panel TV
And "test" computer service plan Watch the largest U.S. electronics retailer BestBuy's pain.
In recent years, BestBuy plans to CircuitCityStore, CompUSA and other major competitors in drag "beyond redemption" the brink of the abyss of bankruptcy, in order to guide the attitude of tough retail electronics chain.
But now, this in order to Richfield for the base of the electronics retail chain is facing from retail giant Wal-Mart on its two main businesses: flat
TV
And computer services, the growing threats and challenges.
2008 7 Wal-Mart quietly began to 15 homes in the Dallas area to launch its computer-store service counter. News Wal-Mart spokesman claimed it was a "test" "pilot" type business strategy, but analysts Bentonville, Ark. President believes that the retail giant is deliberately kept a low profile most likely to hide behind the attempt to copy the BestBuy computer services and CircuitCity's FireDog successful model for computer professional services to build Wal-Mart version of the Frankenstein Team (GeekSquad) the release of smoke.
Bentonville, Ark. That another worrying issue is Wal-Mart's aggressive retail market into the flat-panel TV – BestBuy which is proud of its core business.
Recent years, Wal-Mart re-planning of the retail market of its television business strategy, significantly expanding its store sales of flat-panel television and the introduction of more regional brands into its flat-panel TV (that Wal-Mart officials called "thewallofeyes (wall eyes)," The new merchandise) sales camp. The friendly response from consumers was in the past four months than Wal-Mart stores (stores open at least a year) of flat-panel TV sales continue to maintain double-digit growth momentum.
Analysts say that BestBuy is, the company is facing increasing competition in the market, while Wal-Mart is only one; with the situation with the economic slowdown continued downturn in the doldrums, consumer spending aspects of contraction; three negative factors prompted investors to sell shares in the hands BestBuy. BestBuy company's stock fell this year by more than 25%, July 15 rate the company's shares fell more than 2 U.S. dollars is down to 52 weeks, the lowest since the 36.10 U.S. dollars. BestBuy currently owned electronics retail chain industry average price-earnings ratio is only 11.9 times the rate of decline in annual earnings per share more than 16%, the retail chain of electronic products industry is facing the same bear from the pressure of large-scale macro-economic downturn in the retail discount chain makers of the "attack" and aggression. "
"A lot of fears and worries have been reflected in stock prices, stock prices as a mirror, especially in market performance or 'hold', 'sell' rating generally is more rational side reflects the electronics retailer They are facing 'difficulties'. "Bernstein in New York-based research institutions (BernsteinResearch) retail analyst Kelinmaige Lanahan (ColinMcGranahan) Mr..
BestBuy odds geometry?
Headquartered in Rockville, Maryland investment firm Changewave intelligence to a recent consumer survey results, the table and announced it has begun to wrest from BestBuy some market share.
4525 consumers by filling out the questionnaire was involved Changewave company in July for the "next 90 days are most likely to patronize the store" special investigation.
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