Just an Observation

Gifts & Money

We went to a Greek Festival last weekend….plenty of food….Greek music/dancing and a scattering of booths….selling an assortment of trinket type gifts. The emphasis was on the food and the fund raising from the sponsoring organization.

It seems like there are several Greek festivals throughout the year….and the same gift vendors probably participate in them. They of course are not fund raising….this is a business for them.

The observation is this: The products are ordinary….though some related to Greek-type products. Price mark-ups are high. Bartering is OK. I suppose some folks enjoy doing this….and some people buy….mostly impulse….caught up in the moment.

Are these booths really worth the effort?….from a buyers view are these products that worthwile….especially when a sign proclaims – All Sales Final.

Adapt

Constant Change

Best Buy was expected to do very well after Circuit City closed. That has not been the case. While concentrating on fairly large stores….Best Buy has been impacted by on-line retailers….especially in electronic sales.

Best Buy may not be the best buy….Amazon has it….other reputable on-line retailers also.

Best Buys strategy has to be one of adapting to a changing business model. Electronics are easily compared and bought on the Internet….appliances a different story.

Best Buy to survive must adapt….otherwise it may be on the Circuit City path.