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Wednesday, November 12, 2008

Et tu, Best Buy?

Normally this would not be a post of its own, but I was struck by these words:

"Since mid-September, rapid, seismic changes in consumer behavior have created the most difficult climate we've ever seen. Best Buy simply can't adjust fast enough to maintain our earnings momentum for this year," said Brad Anderson, vice chairman and chief executive officer of Best Buy.

It should not come as a shock, but it is still startling to see what is happening to our economy.

Best Buy Sees Softer Consumer Spending, Lowers Fiscal 2009 EPS Guidance


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