Best Buy released its first-quarter 2012 earnings this week, and though the numbers beat Wall Street expectations, net income took a tumble - falling 25%, compared with last year. And more than just poor earnings have plagued the nation's largest retailer of late. Six weeks ago, former CEO Brian Dunn left the company amid allegations of an inappropriate relationship with a female staffer.
Though sex scandals make for good headlines, Dunn's departure is a sideshow compared with the real issues Best Buy faces. And another quarter of declining revenues has pundits wondering
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Best Buy Profit Drops
May 22, 2012
From News
Best Buy Tuesday closed out a tumultuous quarter by posting a profit of $161 million, a 25 percent drop from the same time the year before.
