Today , Best Buy ’s President and Chief Operating Officer called today ’s sale climate the spoiled he ’s ascertain in 42 twelvemonth , bring up that “ mass are make striking changes in how much they spend , and we ’re not resistant from those force . ” Indeed , we ’ve already hear from an privileged germ that Best Buy has quiet restructured their high - end Magnolia department , boil down outlay to pre - holiday levels and cross training the employee to work in the normal home house department . Now an inner memo leak byThe Consumeristexplains how else Best Buy design to cope on a spacious scale leaf :
Let us be very exonerated . These decreased earnings expectations reflect the unprecedented tumult in the financial services industry , which has reduced consumer disbursal across the board in retail . The outstanding oeuvre of our 165,000 employee does n’t make us resistant to our environment . We ca n’t change the overall level of consumer spending , but we can focus on deepening our relationships with customers wherever we interact with them : in our computer storage , on our vane site and through our call centers
you’re able to take the intact memoranda over at Consumerist , but it seems to read something like “ Smile ! You may not be getting a bonus this year , but you might just keep your job . ” [ Consumerist andCNN ]
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