This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How Best Buy, JCP Are Like the Edmonton Oilers

It's difficult to avoid anger when you sense a lack of proper risk taking and killer instinct at a Best Buy or JC Penney. I'm not talking the type of anger you seethe with as you attempt to make sense of the senseless acts that went down in Boston Monday afternoon. I'm talking sports fan, stock market, tech geek-related anger. The type of stuff that, in the grand scheme of things, doesn't matter much.

But, in our world of diversions from cold, hard reality, it does matter. It matters quite a bit.

I would love nothing more than to lead the cheers for Best Buy and J.C. Penney. However they run in one wide-ranging space -- retail -- and two respective sub-sectors -- consumer electronics and the department store -- that do not appear to have even taken the preliminary steps for success the Edmonton Oilers franchise has taken.

At least Edmonton has put an encouraging core in place -- a solid group of 18, 19, 20, 21, 22-year old future superstars, all-stars and MVPs -- that spells right track. These boys play with fire and intensity. Now Oiler fans just have to hope the old management guard can either get the job done or bring in additional bodies who can.

It appears, at least to me, that Best Buy and JCP have not even come this far. What makes it all the more concerning is that neither company truly acknowledges what it's up against. The need to not only tear it all apart and put it back together again, but to do so in a wholly radical way that sets the course for the type of game changes we have seen Apple (AAPL) and Amazon.com (AMZN) implement over the years -- not carbon copies but similar. Those same game-changers pushed companies like BBY and JCP to their present, relative irrelevance.

If Best Buy and JCP show this type of life, I'll be the first to not only board, but take tickets on the bandwagon. It won't even bother me if they fail and fail miserably. That would be a heck of a lot better than the equivalent of not evening making a truly aggressive go of it at all.

-- Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BBY $34.33 0.00%
DPZ $109.03 0.00%
JCP $8.83 0.00%
SBUX $51.48 0.00%
AAPL $132.54 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs