Best Buy is streamlining its high end Magnolia Audio Video stores by closing down Magnolia HQ, disbanding all current Magnolia management positions, and closing 7 of the 13 stores. [TWICE] (Thanks to Klay and Eric!)

Comments

Edit Your Comment

  1. ryan89 says:

    I’m surprised it took them this long to streamline the operations.

  2. suburbancowboy says:

    Magnolia inside a Best Buy just does not work. To buy high end you need to go to a store with salespeople who understand High End. Hell, you need salespeople.

    Anyone who wants to buy high end is not going into an f’ing best buy store.

    • mbz32190 says:

      @suburbancowboy: Where would you go that is “high end”? Tweeter? wait n/m. People aren’t buying high end anything right now.

      • madanthony says:

        @mbz32190:

        There still are some local companies and small chains that cater to high-end buyers, like Gramophone in Maryland. For super-high-end buyers, many of the companies that do commercial installs also do high-end residential sales and installs.

    • Traveshamockery says:

      @suburbancowboy: Actually the store-inside-a-store concept is working really well, and is profitable. They’re closing down the original free-standing Magnolia stores out west. The stores out west are the stores that originally bore the Magnolia name before Best Buy bought the company.

  3. Rachacha says:

    Aww come on, they have sales people.
    “Would you like to purchase this Monster Cable HDMI cable? You know teh Monster brand is twice as thick as these other cheap brands. This is important as you want to get the best signal from your cable box to your television, and 3 feet is a long way to go. You will, Great, that will be $250.”

  4. Traveshamockery says:

    So everyone knows, “Magnolia Audio Video” are the freestanding stores out west, while “Magnolia Home Theater” are the stores inside Best Buys.

  5. cuchanu says:

    I don’t understand why these f-ing companies are buying stores that are not competitors, then closing them down. Best Buy bought Magnolia and CompUSA bought The Good Guys then immediately closed almost all of them, and the remaining few were turned into CompUSA Superstores or something. Needless to say you don’t see either one of them anymore. Good decision.

    • Anonymous says:

      @cuchanu: There are still several stand alone Magnolias, and dozens of Manolias inside a Best Buy. Not exactly “closed almost al of them.”

      I alwas felt that Magnolia inside of Best Buy was trying to get mid range consumers. High end is a far bigger ticket then an $8K TV and $1500 speakers.