Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday May 22, 2012

Best Buy CEO: We're Not The Authority In Electronics Anymore

And the "no-duh" statement of the day is brought to you by Best Buy's interim CEO. Who knows if he can turn things around, but at least he has acknowledged the company has serious problems.

"Not that long ago, Best Buy was the authority in this market; our stores wow-ed consumers," he said. "Not anymore. Today’s marketplace is different. From my perspective, it’s a marketplace we weren’t prepared for."