You may recall when I was shopping for flat screens, Best Buy was advertising the Panasonic 50″ TH-50PZ77U at $1799, but refused to honor that price, claiming it was a money losing typo. (See Inconvenienced By Best Buy! for the details). Their price was an absurd $2,899.99 — $100 over list.
I noticed just before the holidays that J&R Music was advertising that very same Panasonic — the TH-50PZ77U 50″ Class 1080p Plasma Flat Panel TV and HDTV — for 1749.99 after $200 rebate. By way of comparison, the same set is $2119 at Amazon.com, far below the Best Buy pricing.
Talk about compartmentalizing: As an investor, Best Buy (BBY) is one of the few non luxe stores that is doing well.
But as a consumer, I continue to happily find alternatives to Best Buy — especially after reading articles like this one).