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With Circuit City out of the way, Best Buy turns attention to 'newer nemesis': Wal-Mart

By Dan Haugen | 03/16/09

The Wall Street Journal reports that incoming Best Buy CEO Brian Dunn is laying plans to head off Wal-Mart's push into the television and consumer electronics market.

"His new strategy is to head off Wal-Mart Stores Inc.'s brutal price competition by giving consumers something the discounter cannot: more interactive stores, where customers can step into the world of a new videogame or see their faces captured by a high-definition video camera, instead of trolling aisles stacked with merchandise."

Best Buy remains way ahead of Wal-Mart in U.S. electronics sales, the newspaper reports, but Wal-Mart is gaining ground in some key areas, including flat-panel TVs.

Comments (1)

Submitted by Jeff Kline on March 17, 2009 - 9:31am.

I'll give Best Buy their due on this. Marketing is what retail sales really is all about. It's presentation and aesthetics in addition to "knowledgeable" sales staff. Now if they can begin really hiring persons with knowledge rather than exclusively locking to hiring kids. We all know this is a myth perpetuated by the stereotypical thinking that the kids know more about the technology than those who created or invented it.