Inhuman Best Buy

Pros could have have good salary for education, flexible work hours, fast paced environment, plenty of learning experiences, frequent team-building exercises and events. Cons Another con is Best Buy would exploit my knowledge without just compensation, hired me for one job but gave me the bait-and-switch for a part-time job, and absolutely no advancement opportunities in 3 years. Regularly took me away from my job to help other departments and reprimanded me when my job couldn't be done. A corporate electronics store that doesn’t care what electronics you buy, as long as you buy “extras” with it. No one in the company besides from the CEO's and the Investors have any kind of degree after high school, or if they do they won't stay there long because they can't stand all the bullshit propaganda. A bunch of idiots in yellow shirts trying to sell you overpriced goods they know nothing about. You are classified as an "angel" or a "demon" based upon how much of your money the store is able to capture. Once you've bought the product, god help you if you need to return it because there is a 15% restocking fee. Advice to Management The management can't listen to employees, because Best buy is going bankrupt. I tried every approach to improve the system, but nobody took me seriously. Instead of letting me teach the other departments how to improve themselves, they would want me to do both jobs, and when one failed I would be blamed. This isn't management, this is scat-throwing. If there's a problem you aren't addressing, and people aren't allowed to help, you're killing morale and teamwork. All precursors that Best Buy will eventually go bankrupt. Scat throwing is the main reason I don't work at Best Buy. 1. Growth is going the wrong way. Stocks that more than triple in a year are often on a growth tear, but that's certainly not the case with Best Buy. Analysts see revenue and earnings per share declining 7 percent and 13 percent in the fiscal year that ends later this month. Best Buy started to bounce back when it became clear that the superstore chain wasn't going away. However, fundamentally speaking it has just now started to bottom out. 2. Consumer electronics may never be the same. Best Buy may be selling a fair number of smartphones and tablets, but what happens after that? Unlike the PCs, TVs and CD players that used to define Best Buy's business a few years ago with a steady diet of software discs, DVDs and CDs, today's hot devices feed into digital ecosystems that bypass Best Buy completely. We're already seeing the cracks. Smaller rival HHGregg (HGG) spooked the market earlier this month by announcing preliminary holiday results showing a 19.7 percent decrease in consumer electronics sales and a steeper 24.5 percent slide in computing and wireless products. Best Buy likely held up better than that, but it's still a trend that doesn't bode well for the retailers of consumer electronics and physical media items. 3. This is no longer a juicy dividend play. Best Buy's quarterly payout of 17 cents a share was a major attraction when the stock closed out 2012 at $11.85. It was a fat 5.7 percent yield, making it a compelling stock for income investors betting on the chain's survival. The quarterly dividend remains the same, but with the stock closing out 2013 at $39.88 the yield for new investors drops all the way down to 1.7 percent. When you consider that interest rates inched higher through 2013 it makes Best Buy less attractive. 4. Best Buy is no longer cheap. The days of Best Buy trading at an earnings multiple in the mid-single digits are toast. The stock kicked off 2014 fetching 16 times this fiscal year's projected profitability and 14 times the profit target for the new fiscal year that begins next month. That's not an outrageous multiple, but it's not as if Best Buy is growing its sales again. Wall Street is braced for flat revenue growth in the year ahead, and since that follows a double-digit decline over the past year we're talking about a chain that still won't be where it was two years ago in terms of total sales. 5. Sector rotation cuts both ways. Investors poured into consumer electronics retailers early last year. It wasn't just Best Buy. Conn's (CONN) more than doubled, and HHGregg nearly doubled in 2013.