Let the hive mind of Engadget get that for you.
"We need a digital camera that can be switched on and fire off that first shot fast. It's not a commonly tracked statistic on any review site, and nobody seems to have this information for every camera. We were hoping other readers could inform us as to what small digital cameras can fire off their first pics in under a second (ideally under half a second). It needs to be small, but mostly, just really quick in operation. Thanks!"
YES, Best Buy can finally raise prices!
What many of you might know is that in the new millenium alone CC dropped employee stock options, reduced pay drastically, and had 2 mass lay-offs- axing around 10,000 people. Now, it looks like another 5,000 will lose their jobs. It's a bleak picture.
What many of you probably don't know is that before Best Buy was on the scene CC paid employees highly- TV sales associates were commissioned and while the average was in the $36,000 to $40,000 range, there were TV salesman making $60,000 plus! The reason for this being a severe lack of competition. Prior to Best Buy CC was marking up TV's 100%. These were the days when a 32" JVC curved screen TV went for $800! BUT, CC, at the time, did what was right- PAID THEIR EMPLOYEES WELL.
Best Buy asked the question what if we pay salesman $7/hr instead of commission and subsequently lower prices. CC had no choice, but to follow suit to stay alive, but they haven't marketed themselves well and their stores are outdated.
Currently, the mark up on Televisions is in the vicinity of 30 to 40%. You can't pay employees decent wages on this margin. I am in favor of a BB dominated industry and CC going by the wayside. BB will raise prices as it should and wages will follow!
Anyone who complains about rising prices in other fields, but fights for the highest wage possible in their own industry should insert a drill into their skull and continue buying Made in China products from Walmart.
Or
They will raise prices and take a higher profit and still pay their salespeople the same wage.....
No doubt prices will go up, but trying to pass off a pay raise for their employees is a fairy tale, no, the "stockholders and Executives will pocket the extra earnings, the employees won't see jack of it.
...and you presume that they will raise wages just because they raise prices? first the CEO will get a raise, then management. finally they'll raise the dividend and maybe lay off a few more workers for some extra padding. yes people, go buy the cheapest goods. don't forget to support your privatized money and let the central banking cartel control YOUR supply of FRNs.
Apparently people didn't value the "service" offered by a $60,000 TV salesman.
Paul...
do you work at BestBuy?
is that it?
No, I do not work for BB. I did, however, work for CC for 18 months while in college. I was hired several months after their first wave of mass lay-offs. CC fired people based on average wages. Basically, anyone making an average of $15/hr got canned. They used this same standard in their mass of lay-offs last year too.
Margins on Flat panels were not 50% as someone else has mentioned.
I'm claiming that I believe BB will pay employees better because they are already doing so! Average enrty level at my local BB is HIGHER than at CC, which is also a reliable indicator of higher management pay. Also, in 2006 BB CEO Brad Anderson donated 334,000 of his stock options to a fund to reward NON EXECUTIVE employees! I would also like to point out that this was not an isolated incident as he has done this for several years.
"Anyone who complains about rising prices in other fields, but fights for the highest wage possible in their own industry should insert a drill into their skull and continue buying Made in China products from Walmart."
Next time you're at work take a look at the back of BB's electronics... The majority of them are also Made in China... FYI