Writing a paper for Marketing about Best Buy and its competitors; Need input/sources

britton_draws

Formerly BrolyB593
Feedback
206 (100%)
So for my Marketing 300 course we are having group projects in which we are basically given articles and we need to analyze the crap out of them and write a paper as well as give a report on it.

The article we got is Best Buy Tests New Appeals to Women

The part of the paper I am contributing is describing what competition it (Best Buy) faces and how it differentiates itself from such competitors.

I obviously am not asking for someone to write me a paper, but I know the people here are very educated in many things gaming and store related so I figured this would be my first place to check. Basically looking at Fry's, Gamestop, Walmart, Target and locations such as that.

Any input or especially sources/news articles would be GREATLY appreciated.

As always, thank you in advance wonderful CAG community!
 
They're basically a monopoly (in the midwest anyway) now that Circuit City is out of business.

About the only real competition they have in the midwest is Ultimate Electronics and Micro Center.
 
As far as how it differentiates itself from competitors like Wal Mart and all those... well, they do have that geek squad shit.
 
Well as a former best buy employee (about 2 years) I can probably help you out. Best Buy arranges their different stores and the products carried at those stores based on stereotypes. They love in their training to explain to you that "each customer is unique" and how its improtant for employees to "meet those unique needs." Immediately after this statement during training they explain to you how every customer could fall into one of a few categories. I'm probably wrong and other best buy employees that come on here could help me, but I think that there are 4 different categories comprised of 8 types of shoppers. They've given them names and describe their buying patterns and what products they want, and theres usually 2 people to a group (a man and a woman). There is basically the uber geeks who want the new stuff, theres the old people who want stuff but don't wanna learn how to use it, theres the lower middle class people who want a great deal (they're usually pictured as hispanic in the training manuals), and then my personal favorite; the rich folks that just wanna spend money. I believe they are called "Jill' and "Barry." (Now I'm getting to the part that may be relevant to you). So a store in your area could be called a "Jill Store." This means that they think a lot of stay at home preggos live in the area and want cute, easy to use electronics. So a Jill Store will carry a lot of point and shoot digital cameras, and they will usually carry those cameras in multiple colors, whereas stores based on other demographics will only carry one color of that camera. They also carry cell phone cases that may be by purse designers like Betsy Johnson whereas other locations will not. I also opened one of the first Best Buy Mobile Stores in the southeast and our training was like 90 hours over 2 weeks. As your article states, the main focus of these mobile stores in malls is to catch female customers. These stores are always set up next to a big box best buy. In fact I could WALK from the mall Best Buy Mobile was in to the other Best Buy in 2 minutes, there was only a gas station between us. So basically, they thought men would go to best buy while women shopped in the mall. So Mobile set up shop right next to the food court on the way into the mall. They explained to us that there plan was to grab the attention of women coming through the mall by having displays of cool new phones and cute accessories for them to look at. It worked I guess, I dunno, but somehow both stores made a lot of money, whereas I thought that one would steal business from the other, but in fact their plan worked. We did get a lot of female shoppers as well as teenagers. While a lot of teens (male) shop at best buy for video games, we got a lot of female and male customers that were mall rats that would call their parents whining to meet them down there and get them an iPhone. Anywho, if you want more info or have questions just let me know. I hope this helped you, sorry if i got off focus.
 
I'm assuming this is the article:

http://online.wsj.com/article/SB10001424052748704009804575308410026175820.html

Annual and quarterly reports are great sources of information. Start here:

http://finance.yahoo.com/q/co?s=BBY+Competitors

And then go to the investor relations pages of the competitors. I would search their news pages and annual/quarterly reports for the following terms: : "video game", "cell phone", "female", "appliances" and "women".

As long as you show some effort and site some decent sources you should do fine. If you site the competitors from Yahoo Finance and get some good quotes from the annual reports your job should be easy. Always abide by the marketing creed: "if you can't dazzle them with brilliance, baffle them with bullshit. "
 
[quote name='Chacrana']well, they do have that geek squad shit.[/QUOTE]
Actually, that's my least favorite thing about Best Buy. The geek squad is a bunch of illiterate know-nothings who are programmed to tell customers "you have a virus" and then charge them hundreds of bucks so they can do a system restore (which takes less than half a minute to get the process started- the other 5 minutes is simply waiting) and then put bloatware on their computers.
 
[quote name='Axmann']Actually, that's my least favorite thing about Best Buy. The geek squad is a bunch of illiterate know-nothings who are programmed to tell customers "you have a virus" and then charge them hundreds of bucks so they can do a system restore (which takes less than half a minute to get the process started- the other 5 minutes is simply waiting) and then put bloatware on their computers.[/QUOTE]

Well yeah, obviously Geek Squad is more or less a scam... but it does set BB apart and to uninformed consumers (read: nearly everyone), it seems like a good service.
 
Digital Distribution, Walmart, and other MISC retailers like Frys. Can't forget internet companies like Amazon.
 
[quote name='Chacrana']to uninformed consumers (....) it seems like a good service.[/QUOTE]
Define "good"? I don't see anything good about the "Geek Squad". I think it's a scam myself, especially when people
are paying for a service that is, unbeknownst to them, simple to do even if you're 100% computer illiterate. It would
be different if they told the customer how to fix their expensive machine (especially if they bought it at Best-Buy), at
no extra charge, and give the customer the opportunity to realize what they were about to spend money on, before
theycharge them shockingly unfair amounts to do something extremely simple.

I, myself, am a libertarian conservative capitalist (not to debate, just to give an idea of where I'm coming from), and
I still think this kind of thing is ridiculous. I am all for letting people pay for convenience, but that is not what "Geek
Squad" does. ...It's glorified robbery.
 
bread's done
Back
Top