As the stock continues to drift lower, the company will try one last trick: By mid-year, it will announces a big restructuring that focuses on mass store closing. As one industry insider told me, “This is really a bunch of tired retail assets being staged for monetization into real money” for hedge fund manager Eddie Lampert, who took control of Sears in 2004.
3. Another restructuring for Best Buy.
After another disappointing Christmas, and some initial hype of renewed interest in TVs as Apple shakes up the industry with a revitalized Apple TV, reality hits: Consumers continue to shift TV buying to the lowest-cost provider — resulting in further pressure on operating margins. For Best Buy that means yet another restructuring, as the company shuts its largest stores and rolls the dice with an almost all-out bet on mobile at the expense of appliances, computers and, yes, a whittled down TV department. To top it off, the company becomes the focus of private equity/going private rumors.
4. K-Cups KOs Green Mountain.Page 2 of 4 | Prev Page | Next Page