It seems these Best Buy loyalists have not been deterred by the recent wave of bad news for the nation's largest consumer electronics retailer. Best Buy has been struggling to keep up with steep competition from rivals, such as Amazon, Walmart and Target. This summer, the chain announced a 90 percent loss in net income and cut thousands of jobs.
And we're not quite sure the hot deals shoppers are anticipating will be worth the time spend in line. A recent study found that Black Friday sale prices at Walmart, Target and Best Buy increased from 2011 to 2012. At Best Buy, the average Black Friday sale item costs $35.00 this year, up from $29.99 in 2011.
Unlike many other brick-and-mortar retailers like Target and Walmart, Best Buy won't be kicking off its Black Friday sales on Thanksgiving Day. Doors will open at midnight on Friday.
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