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BestBuy.com Affected by Weaker Consumer Spending |
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 The economic downturn is spreading like wildfire – not even huge online retailers like BestBuy.com is spared from weaker consumer spending. Normally when it is a holiday season, namely Christmas, consumers would increase their expenditure to purchase gifts for their loved ones.
However, it’s pretty different this year whereby consumers are wary over their spending as they worry about their income as well as job security as they might be the next victim of being fired by their boss.
On the other hand, Best Buy stocks fell to a record low of 58% this year alone.
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