Argumentative Essay: The New Purchase Of Best Buy

Best Buy Co., Inc. is a multinational company in the United States and it deals, with consumer electronics, and accounts 19% of the business. The company also operates in Mexico, Puerto Rico, China, and Canada. Some of the subsidiaries of the company include CinemaNow, Geek Squad, Pacific Sales, and Magnolia Audio Video and operates in both Future Shop label, and Best Buy in Canada. Best Buy Co. Inc and its subsidiaries operate more than 1,150 stores internationally and domestically. The company also operates more than 100 “ZoomShops” or Buy Express Automated retail Stores, operated by the Zoom Systems, in both malls and airports in the entire country of the U.S. The company is headquartered in Richfield, Minnesota, U.S (Scott,

In 1883, Barney Kroger never could imagine that his $372 investment into his grocery store would turn into such a successful venture (Farfan, 2017). One hundred thirty-seven years later, Kroger stands as a prime example of the American dream as it caters to millions of people across the continental United States. Kroger is poised to enter the next few decades with some uncertainty, but they are no strangers to adversity. They have endured an aggressive “#GROCERIESNOTGUNS” campaign to punish them for allowing open-carry within their stores by deferring to local legislation (Epstein, 2014). In 2008, they reacted to a report by GreenPeace criticizing them for not practicing sustainable practices related to seafood by removing some of their more

Best Buy is a company that has 40 years of history with a very accomplished sense of success. In 1966 Best Buy was a small electronics store in that originated in St. Paul Minnesota by Richard Schulze and an acquainted business partner. Considering that technology changes so rapidly, Best Buy has had to transform from just being the little electronics store down the way into a competitive, customer-driven, talent-powered company that emphasizes on pleasing the customers as it pertains to the life of technology. In 1993 Best Buy was recognized as the nation’s second largest electronics retailer and was recognized by

Every successful business have a bad side to it, such is Walmart, one of the top topic these days for cheating hours off their workers, low wages, and using public’s money (subsidies) for their business. There have been many reports against walmart, but we have rarely seen anything about it on the news or on any other popular site, and there have been too little thing done about it. Walmart have to be more in-check with the Union or the government, because walmart have done many things that hurt their employees and the community just for some profit, and get away with it. Some people might not see walmart as a threat of any kind, but walmart is a big trouble for our community, to small businesses, and our country’s economy.

Walmart is one of the biggest retailers in the world as well one of the most criticized. For some they look at the many jobs the corporation creates, or how it’s one stop shop saves the lower class billions a year with their affordable prices and quality products. On the other hand, critics focus on the poor working conditions, and their antiunion actions. In “Up Against Wal-Mart”, Olsson argues that Walmart is not as great as everyone thinks because they underpay workers, don’t provide proper affordable health care, and go to extreme measures to prevent employees from forming labor unions. Olsson feels Walmart’s morals are in the wrong place and they need to improve the employee relations instead of being so greedy. Sebastian Mallaby

These changes were necessary with the growing instability in Europe and with the ever changing economy in China so in the meantime “Best Buy has decided to explore more profitable growth options for the Best Buy brand in these markets, including the option to reopen two of the closed stores in China at a later date”.()

Walmart has grown from humble beginnings since Sam Walton first established his store in Bentonville, Arkansas. Over the last 50 years, that one store has become huge in the retail world with more than 11,000 locations, over 2 million employees and revenues in excess of $480 billion (Sharf, 2015). While impressive, the company has also courted considerable controversy of the years due to the way it operates. In fact, this paper will argue that Walmart has failed to adequately address employee concerns over wages, failed to stop hiring undocumented citizens, discriminate against women. As a result, Walmart has failed as a corporation because its employees are treated badly.

Should I Shop at Walmart? Walmart is a multi billion dollar retail industry and has the largest revenue among other companies with an extensive revenue of 485.65 billion dollars a year. The corporation has been accused of racial and gender discrimination, foreign product sourcing, treatment of products, environmental issues, security and much more. Today, we are looking at three factors in determining whether we consumers should still continue shopping at Walmart; the impact on the economy, treatment of employees and personal interest. IMPACT ON THE ECONOMY:

The consumer electronics giant, Best Buy, was first established in 1966 with a single location and a staff of three in St. Paul, Minnesota, selling audio equipment targeted at 18-25 year old males. Initially Sound of Music/Best Buy grew through acquisition, expanding to nine locations in the Twin Cities area by 1978. The name, Best Buy, and expanded product line, ranging from audio and video equipment to large appliances, were a result of a “best buy” sale of damaged inventory at bargain prices in 1981. In the mid-1980s, Best Buy launched superstores similar to those of their main competitor, Circuit City and expanded by 15 stores between 1985-86. In 1989, Best Buy launched itself as a

Furthermore, Walmart contributed over $1.5 million in aid for victims of Hurricane Sandy including money, food, and goods. They are motivated to strengthen local community problem while still trying to inspire their associates to give back. Walmart enhances the sustainability of operations and global value chains by working with others. “Walmart has been engaged in supporting local communities in their time of need. Our ability to respond to a disaster on a large scale became clear in 2005, during Hurricane Katrina. As the hurricane devastated the Gulf Coast, Walmart moved quickly to mobilize our local stores to donate emergency supplies, deploy truckloads of relief resources to the hardest-hit areas and support our associates as they volunteered

for an appropriate sub-tenant for both cost-saving purposes and legal obligations. Otherwise, Future Shop should aim to pay the lease off in full. For stores that will be changed into a Best Buy, the lease should be transferred to Best Buy.

Additionally when choosing suppliers, Wal-Mart has the upper hand because “Wal-Mart will only pay the most competitive prices” (Ehring 4), meaning that if Wal-Mart finds a supplier that will give them a lower price, the current suppliers will lower their prices to match it (price matching). One aspect of Wal-Mart that sets them apart from other corporations is how they manage their relationship with their suppliers. Wal-Mart is a dominant force and has become such an important account for their suppliers that they have managed to eliminate Supplier Power therefore they can pursue achieving their goals and concentrate purely on their Cost Leadership Strategy, which serves the consumer with "Everyday low prices."

Best Buy has been successful with their web presence; they have found another outlet for customers to purchase products from Best Buy.

In 1966, Richard Shulze opened a small business in St. Paul, Minnesota called Sound of Music. In the next 17 years Shulze's small store rapidly grew into a multi-million dollar outfit. In 1983, Sound of Music changed its name to Best Buy Co., Inc and the first superstore was opened in Burnsville, Minnesota. With the new name the store also began carrying more name brands, appliances, VCRs and offering central service and warehouse distribution. Throughout the nineties Best Buy became pioneers in offering the newest technology such as DVDs and high definition TVs. In 1999, Best Buy and Microsoft combined to cross promote each other and also offered a two for one stock split. Now in 2005, almost 40 years after the first store

Best Buy is a US based multinational company that deals in consumer electronics goods. Headquarter of this company is in Richfield, Minnesota. This company operates in Canada and Mexico too. The specialty of the company is it works as a retailer that deals in consumer electronics goods, personal computers, entertainment software and appliances (City, 2010).