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.

More at http://www.chicagotribune.com


The opinionated content contained in the Hyper Report text and videos are provided for informational and entertainment purposes only. Please use the information found within this site as a starting point for conducting your own research and before making any investing decisions. All stories are sourced and the information is assumed to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.