Best Buy – Real Economic Indicator!!!

News Flash:

To save costs, officials at Best Buy, the biggest U.S. specialty electronics retailer, said that they are going to close 50 big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. In addition, another 400 employees will be laid off.

The electronics’s industry is one of the most unregulated industries. When it starts having problems, then major trouble is very near by folks. In short, get ready, because this situation is going to cause a domino effect that is going to be very ugly for everyone in the very near future.

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