Badger52
06-16-2013, 07:36
Link to the story. (http://www.fool.com/investing/general/2013/06/16/best-buy-is-one-step-closer-to-jc-penney.aspx)
Snippet:
Ron Johnson's flawed experiment to turn J.C. Penney (NYSE: JCP ) around by opening branded mini-stores in the department-store chain is alive and well at Best Buy (NYSE: BBY ) .
Shares of Best Buy moved higher on Thursday on news that Microsoft (NASDAQ: MSFT ) will open hundreds of stores inside Best Buy's cavernous superstores this summer. Best Buy stock also moved nicely higher when Samsung announced an even larger mini-store initiative two months ago.
The market eventually soured on Johnson's vision when it failed to generate sales growth at J.C. Penney. A similar fate may also await Best Buy.
Personally I think they'll screw this up but, not to worry, the consumer in the mid-size markets will get screwed first.
:rolleyes:
Snippet:
Ron Johnson's flawed experiment to turn J.C. Penney (NYSE: JCP ) around by opening branded mini-stores in the department-store chain is alive and well at Best Buy (NYSE: BBY ) .
Shares of Best Buy moved higher on Thursday on news that Microsoft (NASDAQ: MSFT ) will open hundreds of stores inside Best Buy's cavernous superstores this summer. Best Buy stock also moved nicely higher when Samsung announced an even larger mini-store initiative two months ago.
The market eventually soured on Johnson's vision when it failed to generate sales growth at J.C. Penney. A similar fate may also await Best Buy.
Personally I think they'll screw this up but, not to worry, the consumer in the mid-size markets will get screwed first.
:rolleyes: