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Joined 11 months ago
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Cake day: October 23rd, 2023

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  • They also invested heavily into selling loads of televisions. They stocked up on TVs for the holiday season using purchase orders (basically using an IOU to pay back later), but when they were stuck with all thier unsold stock they folded since they couldn’t pay those bills.

    Oh and Best Buy owes its survival to investing heavily into cell phone plans and contracts. They would’ve folded without it.

    Even now they get lots of company kickbacks from Sony, Samsung, Apple, Sonos, etc to be a showroom for stuff.