There’s no looking back. No matter how gloomy 2008 seems in retrospect, this year will be even more difficult, financially speaking. Quite a lot of retailers will close stores or disappear entirely. While I don’t believe it’s anyone’s job to keep consuming for the sake of saving an economy, that’s straight out of Aldous Huxley’s “A Brave New World,” there are some pretty good reasons to shop the right places if you happen to need something.
Consider this: The fewer retailer there are, the less competition for our business. The less competition, the higher prices go. For consumer electronics, this is a total reversal of the norm, where pricing actually falls rapidly thanks to aggressive competition. With Circuit City in Chapter 11, Tweeter closed and computer stores like CompUSA in total disarray, that leaves Best Buy.
And Fry’s, the ultimate geek paradise. If you’re lucky enough to have this store nearby, pay it a visit. Don’t be intimidated, sales people can discuss the inner workings of a motherboard, but they don’t have too. Most are just as skilled explaining HDTV in plain English. The online experience is equally pleasant. Electronics retailers are an endangered species, show this one some love.