The struggling retailer is facing weak demand in China, U.S. and Europe, plus the big wait ahead of Windows 8. And then there are the long-term issues that it needs to correct.
Best Buy's fiscal second-quarter results illustrated the laundry list of issues that new CEO and turnaround specialist Hubert Joly will face.
Here's the short version:
- Best Buy saw both earnings and revenue fall short of Wall Street expectations.
- The company declined to give an outlook for the rest of its fiscal year citing Joly's arrival and market uncertainties.