Best Buy to sell guitars, treadmills?

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18 Jun 09 18:23 by Jared Newman in category Uncategorized To news archive

Musical instruments and exercise equipment may be in Best Buy’s future, according to one analyst who spoke with the chain’s management.

Credit Suisse retail analyst Gary Balter wrote in a research note that Best Buy is planning a major overhaul of its brick-and-mortar stores, Twice reports. In addition to expanding into new product categories, the store will put a greater emphasis on services.

That means the Geek Squad will move out of Best Buy’s dark recesses and into a more prominent location in the store, such as the very center.

“We have become a service business that has retail stores, not a retailer that provides service,” Bob Willett, CEO of Best Buy International and former chief information officer, said in Balter’s report.

Though I won’t comment on the news from a business perspective, there are two things that, strictly as a techie, cause concern. If Best Buy plans to offer new product categories, its stores will either expand in size or reduce floor space for existing products, and the store’s selection is already lacking.

Also, if the Geek Squad takes a more prominent role, I hope — and this may be a stretch — that they’ll be on hand to provide free advice and to encourage the right purchases. What I don’t want is more overpriced services and products being aggressively pushed upon customers.

7 Comments

psychoace
Posts: 351
Posted on: 19 Jun 09 06:55
They already sell guitars just not treadmills which I would think can only hurt them considering there are a lot of places that can keep in competition with what Best Buy prices stuff at.


(sorry ment to say Musical Instruments saying just guitars can apply to those crappy $100 one's they always sold or to the crappy guitar hero guitars.)
vikampion
Posts: 160
Posted on: 19 Jun 09 16:44
Lol...of course they are gonna sell treadmills now. Now they can claim they aren't the cause of obesity by causing people to be lazy by sitting all day in front of that brand new TV they bought. Next time you go to the register to buy a TV, they will push that treadmill purchase to go along w/ it, lol.
Dee
Posts: 10357
Posted on: 20 Jun 09 00:21
Looking on the bright side. You can always watch TV while exercising on the thread-mill.

Or do an authentic lead guitar break on Iron Maiden's "Run to the hills".
LoboBrother
Posts: 40
Posted on: 20 Jun 09 18:31
Geek Squad taking a more prominent role??? What they haven't stolen enough information off of peoples PC's yet??? And half those damn high-school students can't even answer a simple question without asking at least two other people or direct you to purchase expensive equipment/accessories you don't need... pitiful. I can not tell you the number of people I have helped in that store as a customer AFTER they were "assisted" by GS. The ONLY reason I go to BB is to make a purchase (if I just CAN'T wait for something to be shipped from an online purchase) and good luck if they are going to cut back on their already meager selection of merchandise.
geotev
Posts: 3
Posted on: 24 Jun 09 19:15
Is Best Buy hurting? Best Buy must have data that shows it has not reacted very well to the recession. However, spending a lot of money on store remodels to increase business looks like a very risky adventure. It will be interesting to see if their prices rise to cover these remodels. How much more can they charge for their expensive Geek Squad services?
CDR Sam
Posts: 228
Posted on: 24 Jun 09 22:41
can you see the Geek squad walking down the isles and grabing customers by the ankles to shake out the money? sorry I can't get the image out of my mind
LoboBrother
Posts: 40
Posted on: 25 Jun 09 14:50
Most of those little shits are half my height, like to see them try... lol!

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