The following is an excerpt from Rick Aristotle Munarriz | April 27, 2012 | DailyFinance.com |
The hunt is on for Best Buy’s (BBY) next CEO.
It won’t be an easy job to fill. Just because Best Buy outlasted Circuit City and several smaller consumer electronics retailers doesn’t mean that it won.
Best Buy has an ambitious plan of closing down some stores, updating others, and ramping up its chain of smaller Best Buy Mobile locations.
Thankfully, Best Buy is still profitable. Its balance sheet is also in decent shape. The last major consumer electronics superstore concept still left standing will definitely be around for the next few holiday shopping seasons.
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