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Published byJudith Howard Modified over 9 years ago
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Best Buy Co., Inc. Lynae Rambousek Shu Fang (Jenny) Abdullahi Ainab Gunbilegt Byambadorj
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History 1966 – First established as Sound of Music. 1984-1987 – Grew rapidly 2000 – Entered into Ecommerce market. 2002 – Bought Geek Squad which gave Best Buy advantage in customer support. 2004 – announced as company of the year.
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Current And Future Profile Leader in innovation and quality Europe, Canada, China, USA, and Mexico earning $45 billion annually Going to benefit from rapidly increasing E-commerce. Opening many more stores
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SWOT
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Unique Sales Strategy Attract Customers Maintain and Acquire Customers Build Relationships Stand Out
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Unique Sales Strategy No Commission Channel Conflict Physical vs. Online Stores Minimize Channel Conflict
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Unique Sales Strategy
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The compound annual growth rate of the sector in the period 2004- 2008 was 6.3%. Computer & Electronics Retail Industry
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Competitors
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Compete with
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Competitors
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StoreDec. 2008 Dec. 2009+/- Best Buy29.8% 33.1% 3.3 Sears 1.6%2.0%0.4
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Competitors
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Competition Advantages Low, Low Prices Online Rebate Coupons and Offers Customer Service Geared for Individual &Corporate Requirements
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