Poll: Does Best Buy Deserve to Be One of the Most Hated Companies?

The financial news website 24/7 Wall St. recently named Richfield-based Best Buy as one of the top 10 most hated companies in America, after researchers reviewed a lenghly list of companies and data.

Consumer satisifaction, brand impressions, customer care and product pricing were among the things researchers considered when compiling the list.

The following rationale was used by 24/7 Wall St. for putting Best Buy at No. 6:

The electronics retailer broke the cardinal rule of customer relations. It failed to keep a promise to its customers—and told them when it was too late. Best Buy (NYSE: BBY) ran out of certain items that people had ordered for Christmas, but did not tell the customers until two days before the holiday. In a Forbes article, which argues that Best Buy will slowly go out of business, the author pointed out that the retailer’s explanation made it appear that some force from outside the company caused the problem—this was not the case. According to the company’s press release, “Due to overwhelming demand of hot product offerings on BestBuy.com during the November and December time period, we have encountered a situation that has affected redemption of some of our customers’ online orders.” Did Best Buy encounter the problem, or did the problem encounter Best Buy? ForeSee research recently issued its 2011 Retail Satisfaction list for the holidays. Best Buy rival Amazon.com (NASDAQ: AMZN) was at the top of the list. Best Buy was not even in the top 20. Wall St. has no reason to be happy with Best Buy either. Its shares have fallen 30% in the past year.

Do you think Best Buy deserves its place on the list? Take the poll below and share your thoughts in the comments section.