Another Major Retailer Bites The Dust

Best Buy said Thurs­day that it laid off 5,000 work­ers this month and is plan­ning to close more stores this year as more con­sumers buy elec­tron­ics online.

The news comes at a time when big chains face grow­ing com­pe­ti­tion from Ama­zon and oth­er sites that sell items like TVs and lap­tops. Fry’s Elec­tron­ics said Wednes­day that it would abrupt­ly close all of its stores overnight, end­ing near­ly four-decades in business.

Best Buy expects 40% of its sales to come from online pur­chas­es this year, up from 19% two years ago, and the com­pa­ny said it need­ed to alter its work­force in response to this shift.

ANNOUNCEMENT:

Big Tech is at war with you! They don't want you to see the truth.

DONT LET THEM WIN THE WAR! 

 

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