Best Buy closes at an all time high! $96.n change. EL you ruined an Icon. 2008 BBY was a couple of buck$$. You sir will be in business 101 college texts for the next 20 years. You ruined so many lives. Nice job. We’re all really prod of your legacy.
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Sure, but Sears and Kmart each by themselves were bigger than everybody but Walmart when Eddie took over. Bigger than Target, bigger than Best Buy, and Amazon was a bookseller. Good job Eddie!
"Remember when Sears and Kmart were both bigger than Best Buy by themselves?"
I remember...people who worked in white goods (and hardware, and automotive) were paid well and became knowledgeable about their products. Delivery was dependable. But the MBAs came in and did their "metrics" and cut costs (pre-Eddie). Eddie just helped the ship hit the iceberg harder.
Why is Best Buy being singled out as an example? There are likely many more examples of retailers that improved stock prices over the past decade while Eddie destroyed the stock value of Sears Holdings.
Meanwhile Tractor Supply, run by the former head of Sears Digital just racked up a 50% increase in year of year profits and 30% increase in revenue. Everyone, competitors and especially former Sears execs is profiting from Eddie's failures at least.
Too bad those ex-Marines never finished the job they started in 2003. Maybe the stiffed vendors in Bangladesh, China, the stiffed retirees, creditors, and everyone else can start a GoFundMe to finish the job?
Another perfect example of how a competitor ate Eddie's lunch. Remember when Sears and Kmart were both bigger than Best Buy by themselves? Sears was the biggest appliance retailer? When Kmart and Sears had electronics departments because vendors were paid, and greedy a–holes didn't steal pensions from retirees or monies from children with cancer? Hope Kinga gets everything in the divorce!