Best Buy

March 2013

Richfield, Minn.-based Best Buy (BBY) is the country’s top specialty retailer in consumer electronics, personal computers and appliance sales with annual revenue of about $50 billion. Best Buy operates more than 1,000 big-box stores nationwide.

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Best Buy profits from cost-cutting, tax benefit

Best Buy has been dealing with increased competition from online stores, notably, and discounters like Wal-Mart. Under CEO Hubert Joly, the company has been trying to turn around results, revamping merchandise, training employees and cutting costs.

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News Cut

with Bob Collins