Absolutely! I remember the last time we ever set foot in one, too. It was one in La Mesa, CA, in the 80's; my sister and I were in the store in the toy dept., and my mom was at the jewelry counter looking at something when 4 guys came in with shotguns and robbed the jewelry store. My mom hit the floor but got a good look at their faces. After that night, though, my mom was too traumatized to want to EVER go back in, so we never got to go back. I think within a year or two the location shut down, and a year or two later the company went out of business. Answer from Sprzout on reddit.com
🌐
Wikipedia
en.wikipedia.org › wiki › Best_Products
Best Products - Wikipedia
3 weeks ago - Best Products was traded on the NASDAQ exchange as "BESTQ". It was delisted on November 29, 1996. The last Best stores closed on February 9, 1997. By May 1997, Best had liquidated most of its assets and was declared insolvent. Best vacated its corporate headquarters in Richmond in January 1998 and mailed out final checks to unsecured creditors the following December (paying 96 cents per dollar owed).
🌐
Toolify
toolify.ai › ai-news › the-shocking-story-behind-best-products-co-bankruptcy-183731
The Shocking Story Behind BEST Products Co. Bankruptcy
These showrooms were a symbol of the brand's commitment to providing customers with a unique and engaging retail experience. ... Despite its ultimately tragic end, Best Products deserves recognition for its innovative approach to retail. The company dared to think outside the box and created showrooms that were more than just places to shop.
🌐
USA Today
usatoday.com › story › special › contributor-content › 2025 › 08 › 15 › beyond-quality-why-even-the-best-products-still-fail-to-take-off › 85673774007
Beyond Quality: Why Even the Best Products Still Fail to Take Off
August 15, 2025 - “In some cases, service teams weren’t even aware a new product was launching. These are fundamental failures in coordination.” · Many companies are in such a rush to hit quarterly revenue goals that they bypass the very systems that would ensure a successful rollout. “Instead of testing the go-to-market strategy in a small geography to iron out kinks, they launch nationally and crash into problems they didn’t anticipate.
🌐
DB Management Group
dbmanagementgroup.com › home › it’s only common sense › why best buy will go out of business
Why Best Buy Will Go Out Of Business - DB Management Group
June 28, 2019 - I waited ten minutes in the Apple Products department while I watched a number of blue shirted employees hanging out with one another like it was some kind of party and I was crashing. When I did finally crash their party, they told me that “Apple” was not their department and the person should be back soon, he was probably at lunch, That’s when I left. Enough was enough and yes that being why Best Buy is going out of business, or at least one of the reasons.
🌐
Reddit
reddit.com › r/80s › ever visit a best products showroom back in the day?
r/80s on Reddit: Ever visit a Best Products showroom back in the day?
July 2, 2025 - Then in the early 2000’s it closed and was about 100 different “Going Out Of Business” furniture stores, then they bulldozed it and it’s now a strip mall. ... Here’s a history video on it. Link ... Worked in the Stereo Dept. warehouse for 3 years. ... I wish!! !!!We didn’t have any in my area of the US.
🌐
NYTimes
nytimes.com › 1996 › 10 › 08 › business › best-products-to-shut-81-stores-and-let-4500-workers-go.html
Best Products to Shut 81 Stores and Let 4,500 Workers Go - The New York Times
October 8, 1996 - Best Products Co announces it will ... Products filed for bankruptcy protection in September after Ocean Reef Management Inc withdrew its offer to acquire company, saying Best needs more financial support than it had expected ...
Find elsewhere
🌐
Beauty Skeptic
beautyskeptic.com › home › brands going out of business since 2020
Brands Going Out of Business Since 2020 » Beauty Skeptic
February 17, 2023 - Trendy is NOT sustainable for humans or (non algorithm-driven) business – its a get rich quick scheme. So, their rise was also their fall. Estee Lauder, famed brand-killer, acquired them in 2016. Beyond that, people stopped giving a damn about, “strobing,” and the like. Since highlighters were their bread and butter, their weak attempts to diversify into other products just weren’t enough. Their trajectory continued for a bit but then several controversies including collaborator fall-out and photo-manipulation scandals (read: digital blackface instead of hiring models of color) hurt them – and rightly so.
🌐
Reddit
reddit.com › r/bestbuy › the end is coming....
r/Bestbuy on Reddit: The End is coming....
December 17, 2023 -

I've worked at BestBuy for many years and I've seen it's steady decline. I'm also old enough to remember it's resurgence under ole Hubert back in the day after some years of downward spiraling so it's nothing new ...but this "feels" different. Honestly, it's starting to look like the pig is fat enough and is ready for slaughter. Hear me out....

We've pretty much out lasted any competition that was out there. Circuit City, Radio Shack, HHGregg ...just to name a few...gone. Other companies do exist that sorta fill the need we fill, but not completely. Walmart and Amazon are not known as Tech centric companies. Yes they sell a lot of the same things as we do...but they they also market a lot of other products other than tech so they don't really match up. Companies like Microcenter focus in more specialized products, so they also don't count. I realize there may be some companies I'm missing, especially of the regional variety, so forgive me if I'm missing any. That being said....we really are the only game in town that does what we do.

We have become the Golden Standard for this industry. Kinda like how everyone and their grandma calls any productivity software "Office" even if it's another....because it's the accepted standard for that sort of software. We are the measuring pole, the recognized big dawg. We've shown the company can survive and make a profit, even in the worst of times and that comes with perks. Everyone knows our name and that comes with built in loyalty. Some people will only buy from us because they trust us. Same with Geek Squad. It's part of the cultural fabric. People recognize the name, know what it's does and where it's at(BestBuy). Hell we've been copied and we've inspired fictional entities( looking and you Chuck and your Nerd Herd) and now we're even being imitated by Scammers to try and lull people into a false sense of trust to steal their money. All this means that is that everyonr who isn't us wants what we have, or they want what we control. It's not the company or it's people....it's the name, the recognition. Thats why circuitcity still has a website and sales online(look it up)

I'm saying all this because it feels like all of the recent changes, cutting of personnel, loss of certain positions altogether (why the hell don't we have dedicated Mobile People anymore? Activating a phone is horrible and should be done by someone who is skilled at it....not whoever the hell is free), the freeform " no departments, so no specialists" way of running the sales floor,etc. These are not really cost saving measures, not really. They may save in the short run....but they harm the longer it goes. We are no longer a company of "experts", more often it's a bunch of people who are overworked and underpaid and who really don't have that much more knowledge than the people they are serving. I'm not shitting on the people doing the work....just making an observation. Customer/clients talk, and they are not happy with the experiences they get. Sure they still buy what we sell....but part of that is because we are the only game in town in alot of cases. So they have no other choice.

No matter what Corie thinks....people are still not sold on the idea of buying everything sight unseen online. Just because the website has a picture doesn't mean it's the right fit. Amazon's return and exchange numbers prove that.People will buy online because it's cheap ...but just as happily return it if the color isn't exactly like they thought. So they like the idea of looking at it first hand, so they come in. But if the person selling it doesnt really knows the product and can't make it shine for them, or the repair agent who is supposed to fix their problem when a product breaks...it's make them hesitant to invest in us and at the end of the day costs us money. Simply because corners were cut to "save" money.

Now all of this works towards devaluing the company as a whole, but not the NAME. BestBuy/GeekSquad could be an absolute dumpster fire (they aren't, but not by much....yet) but the name recognition is still there. So we still have some value. Our name has. A little tarnish on it....but it's still got value. It's a balancing act. Can't have a name be to far gone( like Adolf after world war 2) ,but it can't be so good that its to valuable to acquire. So you make things a little bad, some manufactured crisises to make us look bad and then BOOM! One of our competitors comes in and is willing to "rescue' us by buying us out. Thus they acquire the name and our assets at a bargain price. This of course doesn't help the rank and file as they lose their jobs. But it does help the share holders and the Board of directors as they will come into a nice windfall from the sales. And as long as they don't royally screw up the inside job that is the downfall of the company and taint their own names ( I mean who would want to hire someone that helped destroy a multi billion dollar company) they could move on to another high paying executive job, all the more richer.

Thats what these times feels like. Like the pig fattened up and ready to be put to market. It may not be in the near future....but I can see it on the horizon.

Addendum: I would like to thank all of you that have commented or taken the time to read this. This post was merely a way for me to express some frustration I have been feeling as of late. While I am not a verse to a company making changes to promote or ensure profit (s), I have always thought it wiser for a person or organization to plan for long-term success. Sustainability over immediate financial boons. A company that lasts for 50 years and makes steady growth and adapts and endures will always be better in my mind than a company that loses sight or sacrifices its integrity and soul for boost in financial gains only to collapse leaving the majority with nothing to show for it.

The fact that people are willing to engage in this conversation and share their thoughts and ideas is it good sign that what once made this company great is still alive somewhere inside it. And I hope, especially for those who have decided to make this company their career, that these ideals and values do not fade. Instead, I hope they find a greater foothold and are able to return to prominence. For this is the only way I can see the company remaining

🌐
Quora
quora.com › Why-do-companies-discontinue-best-selling-products-or-products-that-have-a-big-following
Why do companies discontinue best selling products or products that have a big following? - Quora
Answer (1 of 4): You may think that a particular product you are used to buying or consuming is good enough that you will continue to buy it for a very long time, and hope the company does not change it. However, that may not be how other buyers may be thinking. There may be a demand for a slight...
🌐
Reddit
reddit.com › r/bestbuyworkers › so, i’m sure we’re all thinking it, but best buy is definitely going out of business in the next 3 years, right?
So, I’m sure we’re all thinking it, but Best Buy is definitely going out of business in the next 3 years, right? : r/BestBuyWorkers
August 7, 2024 - ... Definite big brain move on corporate's part to remove almost all items that people would come into browse that could lead them into larger impulse purchases (PC parts, movies, games, etc). Then they got rid of all the experienced employees could could actually upsell.
🌐
Thomasnet
thomasnet.com › insights › imt › 2006 › 08 › 03 › when_good_brands_go_bad
When Good Brands Go Bad
Granted, GM has been burning rubber in the wrong direction for quite some time, but it's still hard to pinpoint how and when things started to turn sour. I suppose saturating the market with product that doesn't sell is a pretty good way to go out of business fast.
🌐
Forbes
forbes.com › forbes homepage › innovation › cybersecurity
Why Best Buy is Going out of Business...Gradually
August 14, 2012 - Here’s what the honest and appropriate release would have said: “Due to poor inventory management and sales forecasting of the most popular products during our key sales season, we can’t fill orders we promised to fill weeks ago in time ...
🌐
Best Products
bestproducts.com › about › a86 › about-us
About Best Products
JavaScript is disabled in your browser · Please enable JavaScript to proceed · A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser
🌐
Quora
quora.com › What-is-the-real-reason-for-the-closing-shutting-down-rebranding-of-FutureShop-and-Best-Buy
What is the real reason for the closing (shutting down/rebranding) of FutureShop and Best Buy? - Quora
Answer (1 of 5): As a 6 year Futureshop employee, I can tell you that this was probably part of the plan from the beginning. Futureshop had some great values around respecting customers and creating amazing experiences. Best buys values revolved arround bottom line, they made it incredibly clear...
🌐
Reddit
reddit.com › r/askreddit › what once-famous companies are now forgotten?
r/AskReddit on Reddit: What once-famous companies are now forgotten?
June 15, 2024 - Now the big bookstore is out of business. ... Crazy Eddie, his prices are ...... insane! ... Hydrox. They were the original oreo creme cookie, IIRC ... Proof that marketing is sometimes everything. Worst thing Hydrox had going for it was the name. Sounds like an industrial cleaner FFS ... SAAB - Swedish car manufacturer, made pretty decent cars. ... We had Marshall Fields in Chicago. Was a department store, that got bought out and rebranded Macys.