Eddie Maloney

Editor in chief of Dealerscope

The industry’s accolades continue to pile on for Cowboy Maloney’s Electric City, a Jackson, Miss.-based 12-store family-run regional chain that was started in 1952 as a lumberyard by Con Maloney—one of this year’s CEA Hall of Fame honorees. The business is currently run by his sons, Con, Eddie and Johnny, from a Jackson facility that is a combination office, warehouse and showroom.

My parents taught me the harder you work, the luckier you get. My father had a gas station in Washington, D.C. He had some health issues, so they moved back home to Jackson and he got into the millwork business, then the homebuilder business. Then he started supplying himself with merchandise, and that’s how he got into the appliance and electronics business. Mom was the bookkeeper with all of it. My father was known as Cowboy. He was larger than life. He was the kind of person who could walk into a room of a thousand people, and within a very short period

1 1 Dell 37.43 B 36.28 B 3.17 37.43 B 36.28 B 1 N/A 1 Dell Way Round Rock, TX 78682 512-338-4400 www.dell.com Michael Dell Public, EO (MO/Web) 2 2 Best Buy 22.48 B 19.45 B 15.58 29.97 B 26.65 B 858 742 7601 Penn Ave. South Richfield, MN 55423 612-291-1000 www.bestbuy.com Bradbury H. Anderson Public, ATVM (+Web) 3 3 Wal-Mart 23.49 B 21.68 B 1.81 234.87 B 216.77 B 3,689 3,461 702 SW Eighth St. Bentonville, AR 72716 479-273-4000 www.walmartstores.com H. Lee Scott Jr. Public, MM (+Web) 4 4 Circuit City 11.93 B 10.79 B 10.56 11.93 B 10.79 B 653 631 9950 Maryland Dr. Richmond, VA 23233 804-527-4000 www.circuitcity.com Philip J. Schoonover Public, EO (+Web) 5 5 Staples 8.1 B 7.23 B 12.03 15.41 B 13.85 B 1,576 1,491 500 Staples

Retail theft rings hit CE retailers where they live By Audrey Gray A man and woman walk into a small electronics shop in downtown Philadelphia just after opening time and manage, through a variety of ever-evolving ploys, to lift six Xbox games within a matter of minutes. They hop into a waiting sedan and cruise out to a suburban mall in a different police jurisdiction. By noon, the couple has hit two separate mall retailers for Xboxes and is back on the road, headed to New Jersey to drop off their daily quota of booty at the door of a businessman who'll be auctioning

Best Buy Founder Richard M. Schulze will turn over his CEO responsibilities to Vice Chairman Bradbury H. Anderson, effective June 30. Schulze remains chairman of the board. Prior to the promotion, Anderson was president and COO, responsibilities that on March 3 will be assumed by Allen U. Lenzmeier, formerly president of Best Buy Stores. Michael P. Keskey, formerly executive vice president of Best Buy Stores, will become resident of Best Buy Stores, also on March 3. The Wiz appointed Laurie Clark senior VP, general manager—merchandising and marketing, and Bill Shull, senior VP, sales and operations. Both Clark and Shull are formerly of TransWorld Entertainment. MEGA Group

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