Tagged: best buy RSS

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  Minnesota Governor pushes for Internet Sales Tax 

  Internet Sales Tax. Right now, critics say, Minnesota’s brick-and-mortar stores like Best Buy are acting like storefronts for Internet retailers like Amazon.com. Customers come in, browse the merchandise, and then order online. Taxing internet sales – something retailers like Amazon have fought tooth and nail in other states – could raise an estimated $3.5 million in 2013, by DFL estimates.More »

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  Why Best Buy is Going out of Business…Gradually 

  Electronics retailer Best Buy is headed for the exits. I can’t say when exactly, but my guess is that it’s only a matter of time, maybe a few more years. Consider a few key metrics. Despite the disappearance of competitors including Circuit City, the company is losing market share. Its last earnings announcement disappointed investors. In 2011, the company’s stock has lost 40% of its value. Forward P/E is a mere 6.23 (industry average is 10.20). Its market cap down to less than $9 billion. Its average analyst rating, according to The Street.com, is a B-.More »

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