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PeakOil is You

Best Buy 3Q profit sinks 77%

Discussions about the economic and financial ramifications of PEAK OIL

Re: Best Buy 3Q profit sinks 77%

Unread postby ROCKMAN » Thu 18 Dec 2008, 10:52:19

Just got another small indication of where consumers are today. Got an email from Ticketmasters offering a $25 per ticket reduction for any event (sports, concerts, etc) in the Houston area over the holidays. I've never seen them offer any deals before. You have to figure when the consolidators start trying to dump their inventory things can't be good. And this is in Houston where the economy is still relatively strong.
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Re: Best Buy 3Q profit sinks 77%

Unread postby mos6507 » Thu 18 Dec 2008, 11:30:05

One thing I've noticed is the degree of commoditization with DVDs. There is just something, I dunno, unappealing about the huge tables with budget DVDs strewn haphazardly in a pile. It reminds me of the days of the videogame crash of 1984 when Atari 2600 titles were just sitting out on the floor in huge piles for people to sift through. When I see that sort of thing, it is like this diarrhea of consumerism, this messy crap that is literally streaming out so fast that retailers can't even be bothered to organize it onto shelves. I know Best Buy isn't all like that, but it's one of my pet peeves.
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