Although consumer electronics retailer Best Buy, Inc. (NYSE: BBY) reported decent results during its latest quarter, the addition of sales from Circuit City's demise may be hiding inside those results. You can't just banish billions in quarterly revenue to nowhere, and when Circuit City folded for good last month, many retailers were still swimming in the sales wake left behind.BrianDunn posts
FeedBest Buy outlines strategy for growth in a tough economy
Although consumer electronics retailer Best Buy, Inc. (NYSE: BBY) reported decent results during its latest quarter, the addition of sales from Circuit City's demise may be hiding inside those results. You can't just banish billions in quarterly revenue to nowhere, and when Circuit City folded for good last month, many retailers were still swimming in the sales wake left behind.Continue reading Best Buy outlines strategy for growth in a tough economy
Best Buy increases after several upgrades
Best Buy, Inc. (NYSE: BBY) is expected to take possibly 50% of the business that would have gone to former competitor Circuit City, with the other half being distributed among every other large retailer that sells consumer electronics. Due to that market share capture, the largest consumer electronics retailer in the U.S. saw its stock price upgraded more than a few times in recent weeks.Best Buy fends off Wal-Mart's competitive pricing with more interactiveness
Best Buy, Inc. (NYSE: BBY) has seen its largest rival, Circuit City, go down forever. Now that the competitor is completely gone, a new arch-rival -- Wal-Mart Stores, Inc. (NYSE: WMT) -- wants to step up the competition in a price war that it controls. So Best Buy wants to amp up the competition not with price, but with something more.Continue reading Best Buy fends off Wal-Mart's competitive pricing with more interactiveness
With new CEO Best Buy's future looks bright
When Best Buy, Inc. (NYSE: BBY) announced that CEO Brad Anderson would retire this summer, the obvious choice to replace him was current COO and President Brian Dunn. After all, Dunn is a Best Buy vet and has had a hand in making Best Buy the top consumer electronics retailer in the U.S. With Anderson and Dunn running the show, Best Buy rose past every competitor and held the larger mass merchants at bay.The retailer has not had an easy time with the recent consumer spending slowdown, but its fundamentals are very solid and it retains a competitive advantage. Consumers continue spending money at Best Buy, and voting with dollars is a sign of success. Dunn will face one of the hardest times in Best Buy's history since consumers have tightened their collective purse strings. Still, he is the right pick and Best Buy's long-term future continues to be very bright, the current retail malaise not withstanding.
Continue reading With new CEO Best Buy's future looks bright
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