Any new CEO of Best Buy will have to take a seriously hard look at portions of the store that no longer make strategic sense to be in 10 years down the line. Three such areas include small household appliances (we go to Bed Bath & Beyond for them), appliances (we go to Home Depot or Lowe's for them), and videogames (we go to Gamestop for them now, but with new consoles on the horizon could be downloading content fully). It's easy to say that Best Buy could exit these businesses and downsize
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Best Buy's Mikan Promises Blueprint
April 12, 2012
In a letter to employees Wednesday, Best Buy's interim CEO promised to create a "blueprint" for the company's future growth, while also stating that "priorities" established shortly before the departure of Brian Dunn will continue.