What Those Secret Best Buy Numbers Mean
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Ever wonder what those mysterious numbers on Best Buys wall was. Well now you will know.
Shrink Percent: Ahh, shrink. You probably call it “stealing”. And this store is doing pretty good with handling it. The shrink percentage is, presumably, the percentage of Best Buy merchandise that is simply prancing right out the door. A shrink percentage of .50% is, apparently, bad news — so this store is doing pretty well.
Shrink Payout: Keep shrink low, and the shrink payout increases! Well, I have no idea how this shrink payout ($469) is distributed to employees (anyone know?), but I’d wager it winds up being a few extra dollars in your paycheck every now and then.
PRP Dollars: That’s right: the dreaded product replacement plan, also known as the extended warranty nobody ever buys. Or do they? On this day, they’ve made a pretty impressive $77 (of almost-all-profit) on product replacement plans. Wow.
PRP Percent: That means that people bought the product replacement plan 2.22% of the time. Apparently, this isn’t so good — the other store (pictured above) was rockin’ a mighty 10.50% on the PRP. Wow again.
EWSI: I like this one. Extended Windows Sales Initiative? Enhanced Wireless Secure Internet? Nope, it’s better — Entertainment Weekly / Sports Illustrated! That’s right, good old magazine subscriptions! You know how Best Buy always asks you if you want a subscription when you check out? Well, on this day, the pitched worked seven times. As hard as it is to comprehend that the alleged $12 dollars Best Buy makes from each subscription is worth the semi-uncomfortable sales pitch, I don’t have to answer to any shareholders…
Apps: Simple. Best Buy credit card applications. Looks like three have been filled out and turned in so far.
MC Percent: Master Card. Yes, every Best Buy card application includes surprise bonus offer for, uh, a Master Card. Yeah, it’s two card applications in one, and this store has successfully up-sold the card 100% of the three times.
AS Percent: Account Shield is another Best Buy card up-sell option. Apparently a unemployment-protection feature that might generate $65 profit for Best Buy, it seems, at least in this store, people took it.
Shrink payout is payed out after a yearly inventory. About a month after the all night (sometimes 2am…) complete inventory, it’s an additional amount in your paycheck. Taxes take a lot out of that $469.
I hated working at Best Buy.