New Jersey consumers can likely remember when big-box store Best Buy was still a giant in the electronics market. After all, it wasn't that long ago when buying a new TV or computer meant visiting one of the giant warehouse stores and getting help or recommendations from a store employee. But times have quickly changed, and as more consumers rely on discount stores like Walmart or online retailers like Amazon, Best Buy has been forced to close many of its locations and continues to flounder.
Even if you haven't gotten married or planned a wedding in the last several years, you may be familiar with the annual "Running of the Brides" event put on by off-price retailer Filene's Basement. Although the company filed for bankruptcy in November and closed its last store in December, the tradition could see a rebirth when it goes up for auction in May.
It's almost Thanksgiving, which means it's almost Black Friday, the biggest shopping day of the year. Of course, the holidays in general are a big time for shopping and a good time for a business to consider whether they are doing all they can to get shoppers to spend in their store.