5 Ways to Save Best Buy from Extinction
Best Buy is in a downward spiral. The company’s stock price is down 50% over the last year and key executives have jumped ship. Best Buy’s head of digital strategy, Steve Gillett, left recently to join Symantec. The company has given its founder, Richard Schulze, an extended period to put a bid together for the company — sensing that going private may be its best option.
Whether Best Buy stays public or not, it must define a roadmap for its future. The core business of retailing commodity electronics is broken