“Why Best Buy is Going out of Business… Gradually” has hit a national nerve (http://tinyurl.com/89dydhr). In the two weeks since the Forbes’ article posting, it’s exceeded 2.6 million hits and has prompted scads of confirmatory comments.
Yes, key metrics are cited (the stock losing 40% of its value in 2011, its P/E of 6.23 vs. an industry average of 10.20, and an average analyst rating of B-). However, to discover the real reason for Best Buy’s downfall, author and Internet industry analyst Larry Downes proposes a simple test: “Walk into one of the company’s retail locations or shop online. And try, really try, not to lose your temper.”
Apparently, that’s where our collective experience kicks in. If you’ve ever approached an employee in blue to help you buy a PC, tablet, speakers, or cable, chances are you know the challenge. (I failed Downes’ test last weekend when I heard, “That’s not my...



