No one who's read the business press this year is surprised by this prediction, but it bears repeating: what we're watching here is the slow-motion retail trainwreck that is the demise of once-mighty tech giant Best Buy. In this case, a combination of the "Amazoning" of the consumer retail (particularly electronic) experience, a steady decline in shopping experience and quality, and a dependence on brick-and-mortar over a cohesively evolving web strategy (as well as limited product advantage) has brought Best Buy to its retail knees....
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Best Buy to Pay $27 Million to Tech Startup for Misuse of its Trade Secrets
December 6, 2012
A California jury has awarded TechForward $22 million in damages for the improper use of its trade secrets by Best Buy and two of its subsidiaries relating to TechForward's Guaranteed Buyback Program. The jury determined that Best Buy's conduct was willful and malicious. The court also awarded TechForward an additional $5 million in punitive damages.