The era of the big box retailer is kaput. One the one hand, you’ve got online colossi like Amazon crushing brick-and-mortar retailers; on the other, you’ve got the juggernaut of Apple’s Retail Stores, showing everyone else how selling things in meatspace is done.
A couple years ago, the writing was on the wall when Circuit City went out of business. Now, it looks like it’s Best Buy’s turn. After posting a $1.7 billion quarterly loss last quarter, Best Buy is closing 50 stores and $800 million in costs.
