Best Buy’s Anderson Talks to CNBC
Best Buy has begun to run into some trouble in Canada, with the retail giant’s CEO admitting last week that activity has been slow north of the border.
In a CNBC interview broadcast last week, CEO Brad Anderson appeared on a segment that discussed how “food inflation” was causing consumers, both north and south of the border, to spend less money on other products. The interview marked a rare appearance on CNBC by the executive.
“We’re starting to see a little slowdown... in Canada, sympathetic with the U.S. market,” Anderson said. He did add, though, that “product life cycles,” including gaming and computers, remain strong. Best Buy is active in Canada and China, as well as the U.S.