Thursday, March 30, 2006

Best Buy may lay-off employees

From the Seattle Post-Intelligencer:

Best Buy Co. may lay off some workers as the nation's largest consumer electronics retailer looks to rein in spending, a spokeswoman said on Wednesday.

A memo from Best Buy President Brian Dunn this month asked managers to find spending to cut, Best Buy spokeswoman Susan Busch said.

It's very hard for the retailer to find places to cut without overlooking its payroll. Best Buy's stores likely have long-term leases. In the competitive arena of consumer electronics, it's difficult to imagine them extracting meaningful price cuts from its suppliers. They've probably squeezed them pretty hard already.

In an e-mail to me, Marshall Manson of Edelman Public Relations points out to that Wal-Mart, on the other hand, plans to add 100,000 jobs this year. Yet the AFL-CIO and others on the left continue to crusade against the retail giant as "anti-worker."

Best Buy stores are non-union.

Technorati tags:

No comments: