East River Plaza

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.

Target, after years in New York's outer boroughs, will open its first store in Manhattan this month,

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