What Best Buy Will Gain from Starbucks' Loss
How is Best Buy like Starbucks? Aside from a big overlap in their target demographic, there may be more points of difference than similarity. But there is one thing they will soon share -- the influence of Stephen Gillett.
Late last week, the multinational consumer electronics chain with over $50 billion in annual revenue announced the hiring of Mr. Gillett, who most recently oversaw Starbucks' "Digital Ventures", to head Bestbuy.com and the retailer's other digital efforts. Named in 2011 as one of only two CIOs on Fortune's "Executive Dream Team"