Preview

Case Study Of Best Buy Canada

Satisfactory Essays
Open Document
Open Document
338 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Study Of Best Buy Canada
Best Buy Canada Ltd is a fully owned subsidiary of Best Buy Co. Inc with its headquarter in Burnaby, BC. Best Buy Co. Inc acquired the Canada-based electronics-chain Future Shop Inc in 2001. The company opened its first Canadian Best Buy store in Mississauga, Ontario the following year.1 Today, with more than 51 stores across Canada, Best Buy Canada has become the fastest growing and the largest retailers and e-tailers of consumer electronics, entertainment products, accessories and services in Canada. 2

There are many reasons to which we chose Best Buy Canada as our research subject. First of all, it is a very well known retailer and can be easily related to. Secondly, the company fits well in our research structure and many of the concepts
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Case Study: Sears Canada And The Bay
    • 289 Words
    • 2 Pages

    Case Study: Sears Canada And The Bay

    The two stores selected who sell the same classifications of merchandise are Sears Canada and The Hudson’s Bay. Sears and The Bay are full-time, full-service department and catalogue retailers who believe in providing their customers with quality merchandise and exceptional customer service.…

    • 289 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Best Buy Company Case Study
    • 2103 Words
    • 9 Pages

    Best Buy Company Case Study

    Best Buy Company is one of the leading companies in US and Canada dealing with the retailer of the consumer electronics. The company has over 400 stores worldwide offering a wide variety of products worldwide , among the company’s major products include the following ; mobile phones, gaming systems appliances, computers , televisions among other components and accessories. However, the company has adopted a variety of strategies that sees it enter successfully into the competitive markets; for instance, it has developed a culture that promotes excellence customer services, minimized or no commission on some products, employing highly experienced and skilled staffs . These have seen the Best Buy company expand to many successful branches and increased production over some a good period of time.…

    • 2103 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Better Essays

    Mkt 421 Marketing Plan Phase 1 Business Plan
    • 2034 Words
    • 9 Pages

    Mkt 421 Marketing Plan Phase 1 Business Plan

    Best Buy is a growth company focused on better solving the unmet needs of our customers, and we rely on our employees to solve those puzzles” (Best Buy, 2009-2015).…

    • 2034 Words
    • 9 Pages
    Better Essays
    Read More
  • Better Essays

    Profi Best Buy Swot Analysis
    • 1663 Words
    • 7 Pages

    Profi Best Buy Swot Analysis

    Most popular items they carry are computers, mobile phone, TV, appliances, and much more. The SWOT analysis that I did on this company is as following. Best Buy strengths are listed as following: Over two decades of brand presence, with at least one decade of extremely strong brand recognition within the US, longstanding relationship with vendors, and well-known brands. Their weakness is an area they must improve if they want to stay ahead of their competitors. For example, too many brands, poor inventory management, recent senior Leadership turnover, and weakening financial situation. Their opportunities are as following: lower overhead costs, online retailers are poised to, experimenting with, offering same-day delivery via courier, and increasing need for IT Outsourcing. The threat best buy is facing are as following: low frequency of television upgrades, cheap retailers such as Walmart, and exchange rate fluctuation. Their top competitors are Amazon, Digital River, and…

    • 1663 Words
    • 7 Pages
    Better Essays
    Read More
  • Powerful Essays

    Best Buy Analysis
    • 12713 Words
    • 51 Pages

    Best Buy Analysis

    According to the Best Buy’s corporate website, the company’s “unofficial” mission statement is simple, “We’re a growth company focused on better solving the unmet needs of our customers.”1 Upon reviewing this statement, our team was motivated to construct a unique plan that expands Best Buy brand and influences new target markets, while also continuing to provide growth and development in Best Buy’s products and services. Our initiative is to develop smaller stores that feature a condensed selection of consumer electronics, these stores will be strategically placed in areas where customers have unmet needs. The products, services, and staff offered will, high quality and knowledgeable service. These condensed stores will focus on the…

    • 12713 Words
    • 51 Pages
    Powerful Essays
    Read More
  • Good Essays

    Critical Analysis: Best Buy: Grasping at Straws
    • 606 Words
    • 3 Pages

    Critical Analysis: Best Buy: Grasping at Straws

    Best Buy Co., Inc. is an American public company that is a specialty retailer of consumer electronics in the United States, accounting for 19 percent of the market (1). Over the last fifteen years, Best Buy, like many retailers, is “competing with a perfect storm of disruptive technologies (2)”. It is hard to compete with those companies embraced with innovations, such as Apple and Amazon. Best Buy has lost $1.23 billion and 2.4% decreasing of revenue last year. In order to create a delighting customer atmosphere, Best Buy should focus on: engaging in innovations of e-commerce, training employees, and focusing on the target market.…

    • 606 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Critical Analysis 1
    • 1154 Words
    • 5 Pages

    Critical Analysis 1

    As a company, Best Buy can be held at fault for some of its performance struggles purely from an internal point of view. Best Buy is categorized as the “leading global electronics and appliance specialist retailer (Passport 4).” They have obtained such success from their warehouse type stores, with specific services offered inside (Geek Squad and MindSHIFT). Using this success as a basis Best Buy strategized to expand their stores in the United Kingdom, China, and Turkey, in hopes of expanding to obtain more revenue and more net profit. However this strategy backfired and these stores in the international market were forced to close in 2011. These store closures carried a 2.6 billion dollar charge with them, which were reflected in the 2012 fourth quarter results.…

    • 1154 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Swot Analysis Future Shop
    • 1108 Words
    • 5 Pages

    Swot Analysis Future Shop

    Future Shop was purchased for C$580 million by Best Buy on November 4, 2001. The company was renamed Best Buy Canada Ltd.—a wholly owned subsidiary of its American parent. It has continued to operate Future Shop as a separate division, with most locations under their original name. Future Shop continues to grow and open new stores across Canada. In December 2008, Future Shop opened its new flagship store in Edmonton at South Edmonton Common, which is the largest in Canada.…

    • 1108 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Best Buy Case
    • 465 Words
    • 2 Pages

    Best Buy Case

    Best Buy Co., Inc. is a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services.…

    • 465 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Best Buy Overview
    • 22173 Words
    • 74 Pages

    Best Buy Overview

    Best Buy is a specialty retailer of consumer electronics, home-office products, entertainment software, appliances and related services in a superstore format. It operates retail stores and commercial Web sites in the U.S., Canada and China, under the brand names Best Buy (BestBuy.com and BestBuyCanada.ca), Future Shop (FutureShop.ca), Magnolia Audio Video (MagnoliaAV.com) and Geek Squad (GeekSquad.com and GeekSquad.ca). As of Feb 25 2006, Best Buy operated 742 Best Buy stores, 20 Magnolia Audio Video stores and 12 Geek Squad stores in the U.S.; and 118 Future Shop stores, 44 Best Buy stores and five Geek Squad stores in Canada.…

    • 22173 Words
    • 74 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Best Buy Report
    • 4503 Words
    • 19 Pages

    Best Buy Report

    Best Buy Co., Inc. operates as an e-commerce and physical retailer of consumer electronics primarily in the United States, Europe, Canada, and China.…

    • 4503 Words
    • 19 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Economics of Best Buy
    • 1607 Words
    • 7 Pages

    Economics of Best Buy

    Best Buy was started in 1996 by Richard R. Schulze and his business partner James Wheeler. It was originally known as Sound of Music and the first store was located in St. Paul, Minnesota. In 1983, the company’s name was changed to Best Buy and the first store named Best Buy was located in Burnsville, Minnesota. By 1984, there were only 8 Best Buy’s in the Midwest, but by 1987 the number tripled and their sales and earnings were at a high $239 million and $7.7 million respectively. And since they have money to spend, they increased their warehouse size and products. In 1985, Best Buy went public and then two years later they were listed on the New York Stock Exchange. By 1988, sales had doubled to $439 million, but net earning declined 64%.Despite the net earnings declining, revenues were still increasing well into 1989. Also, in 1989, Best Buy launched its Concept II stores with bigger show rooms, fewer sales people and more self help product information. From 1992-1993 Best Buy had the best financial performance in the company’s 27 year history with an increase in revenues and earnings.…

    • 1607 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Best Buy Argumentative Essay
    • 837 Words
    • 4 Pages

    Best Buy Argumentative Essay

    Best Buy is one of the last remining electronic stores left. They have, in the past, crushed the competition with several different companies going out of business. Best Buy sells every kind of electronic one could think of, computers, wearables, gaming consoles, phones, and all the accessories that go along with those. They sell brands from around the world including the largest like Apple, Sony, HP, etc. The company has grown despite the assumption of many consumers, that the amount spent on electronics and non-essential goods would not rise. They were wrong, after a large dip in 2014 Best Buy’s stock has steadily rose, now coming close to its highest value in 2006.…

    • 837 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Case Study: Gamestop
    • 1119 Words
    • 5 Pages

    Case Study: Gamestop

    GameStop stores have faced many competitors through the years, such as Best Buy, Target, Walmart, etc. While these stores offer mulitple departmets, GameStop’s main focus has alwas been gaming. It is no wonder when the onling gaming industry was introduced, the threat to GameStop was grave. “With more than 6,600 stores throughtout the United States, Austrailia, Canada, and Europe, GameStop’s management team wants to be the premier destination for gamers” (p. 58). However many obsticles GameStop has been faced with, it has been able to capitalize stragtigically. The question remains, can GameStop survive with its brick-and mortar stores?…

    • 1119 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Walmart Case Study
    • 969 Words
    • 4 Pages

    Walmart Case Study

    A. Wal-Mart realized through third party studies and internal research that the Chinese customer were significantly more cost-sensitive than those in other countries and that there existed a strong, established culture of frequently shopping around to find the absolute lowest prices. Through these studies, Wal-Mart also realized that customer satisfaction level greatly influenced customer loyalty in China. The greatest determinant of this satisfaction was made up of perceived value. The perceived value is composed of three sub factors: (1) Product price, (2) Relative price and (3) Promotion. The other factors for customer satisfaction in descending order of its importance are Image, Merchandize, Shopping environment, Service, Check-out process and Store policy. Wal-Mart thrived for offering quality merchandise at the lowest price and with best customer service possible. Wal-Mart also had a reputed image as a foreign supermarket chain in China. Due to all these favorable factors customers patronized Wal-Mart China stores.…

    • 969 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics