Thanks to Shift Your Shopping and a number of other national and local initiatives aimed at raising consumer awareness to shop at independent retailers, those surveyed by national nonprofit Institute for Local Self-Reliance (ILSR) outperformed the industry, reporting an average increase in holiday sales of 6.7% in 2011.
Although we acknowledge that the company has been pushing significantly into online sales itself and its online sales are growing at a much faster pace than its overall sales, a shift to online shopping is likely to detract from a distinguishing feature of Best Buy in customer service.
The report's author, Dr Peter Brierley, believes that the decline reflects wider social changes - such as the decline in church attendance and the shift towards Sunday as a day for shopping or for divorced parents to see their children.