Has Best Buy Bungled YOUR Gift Order? [POLL]
Online sales are up to $32 BILLION -- just for the holiday season- this year.
With that kind of demand- and money being made- You would think that one of the giant retailers would be ready.
The Associated Press is reporting today that Best Buy has had to let some customers know that the company will not be able to fill their orders that they made online in time for Christmas.
The largest U.S. specialty electronics retailer said late Wednesday that "overwhelming demand for some products from Bestbuy.com has led to a problem redeeming online orders made in November and December.
Holiday sales can make up as much as 40% of a retailers sales for a whole year. They must have a whole 'department' in charge of Holiday Sales.
With more actual locations for people to shop at shutting down, online sales just continue to soar. In many cases, outpacing what the retailers were prepared for. You might remember when Target's website has crashed a couple of times this year.
In order to compete, Best Buy has expanded its online offerings, cut back on square footage in the U.S. by closing stores and sought to expand internationally. In its most recent third quarter ending Nov. 26, Best Buy said its net income fell 29 percent as it cut prices in popular categories such as tablets and TVs to drive sales and traffic during the holiday season.
"Sorry kids, Christmas will be in mid-January this year."