Best Buy ready for retail shake-out
FROM TWICE: Consolidation likely in consumer electronics retail industy
By Alan Wolf of TWICE -- Video Business, 11/3/2008
NOV. 3 | FROM TWICE: Best Buy is anticipating a major restructuring of consumer electronics retailing over the next year and is prepared to absorb real estate and market share as businesses fail and storefronts close.“We're sure there'll be material consolidation in the industry,” said Brian Dunn, president and chief operating officer, which will create “potential opportunities” for the No. 1 consumer electronics chain.
“If storefronts close, we'll jump in and connect with those consumers,” he told a small gathering of reporters Oct. 30 at Best Buy headquarters.
Read the full story on TWICE.com.
