7 Reasons Best Buy Won't Be Around in 7 Years
The hunt is on for Best Buy's next CEO, but it won't be an easy post to fill: The hard truth is that the concept of the consumer electronics superstore is becoming less relevant with each passing year.
The hunt is on for Best Buy's next CEO, but it won't be an easy post to fill: The hard truth is that the concept of the consumer electronics superstore is becoming less relevant with each passing year.
Best Buy is suffering from falling sales, and it needs a new CEO, but it's not dead yet. Thinking outside the big box, there are ways to get the consumer electronics retailer back on track.
Here's a bit of good news for Best Buy shoppers and shareholders. Lost in last week's dreary announcements of job cuts and store closures was a plan to beef up its customer loyalty program, Reward Zone Silver.
Best Buy has a big plan to cut its costs and regain its focus: closing stores, laying off employees, shifting its focus to smartphones and mobile gadgets, and slimming down margins. Only problem is, none of that is going to save it.






