Walmart to be new Circuit City?
I have bemoaned the decline of the big box electronic stores as several went bankrupt and left Best Buy without much nation-wide competition. However, Walmart may be expanding its electronics offerings. Technologizer reports:
Wal-Mart is making a move to become a premier electronics destination and gain share in the wake of Circuit City’s demise. Beginning this week, the electronics departments in all 3,500+ stores will get a facelift.
Wal-Mart and Amazon seem to have been the biggest beneficiaries of Circuit City’s fall, splitting the company’s business rather evenly. Best Buy has not seemed to gain much at all, even though it was expected to by analysts.
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