Home Depot, Kolh’s and RadioShack have announced plans to start selling High-Def flat screen Plasma TVs soon. Since they’re not doing well in their regular businesses, it makes sense to start selling TVs. Of course, this will cut into the profits of Best Buy and Circuit City, both of whom are relying on flat-screens as a large part of their profit growth.
Should be interesting to see how this affects their stock prices in the short & long term.
But when I finally decide to upgrade my 8 year old 19″ TV, I think I’ll stick to Costco!