Best Buy may be the big box electronics retailer of choice in the US, but it hasn’t been quite as successful on the other side of the pond – at least not as Americans know it. In fact, Best Buy Europe is built primarily around “small box” phone-based technology stores and only launched its familiar big box-format UK flagship stores in April 2010. They should’ve stuck to what they knew; today, Best Buy announced that was closing all 11 of the big-box stores it opened in the UK in order to focus on the small picture.
Groupon’s success has been astronomical – at least if you agree with their accounting measures – but success always spawns imitators. Ever since Groupon turned down a massive offer by Google to purchase the company, the daily deals scene has become crowded with poorly thought out Groupon rip-offs and “Me too!” competitors, along with some top-tier alternatives. So, there are plenty of companies vying to be the next Groupon. But are any of them having much success? New evidence suggests that a vast number of daily deals sites are going the way of the dodo, and doing it quickly.
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