Someone needs to take advantage of the collapse in retail real estate values. The prices for many locations are too good to be true.
Best Buy (BBY) says it may get into the business of taking over vacant stores to increase its US locations.
According to Reuters, "U.S. electronics retailer Best Buy Co could take advantage of bankruptcies in the sector by snapping up vacant store locations, but remains cautious as consumer spending continues to slide."
It’s smart business. It just looks bad.
Douglas A. McIntyre
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