We know that Best Buy is in trouble. According to an article in The Wall Street Journal, Best Buy has been the top competitor for years in the electronics department. The current CEO had reportedly been planning to retire at this year’s annual shareholder meeting in June.
As one of the world’s largest retailers, Best Buy is one of the biggest and best at selling products in a competitive environment. It is important to note, that Best Buy still plans a big comeback after its bankruptcy and is looking to rebrand its product lines and improve its image. Although the stock remains under pressure, the CEO and Chief Financial Officer have made a good commitment to their long term goal.