Investopedia: Best Buy Hits Reset Again

The Best Buy (NYSE:BBY) saga continues to twist and turn, with the latest development being the surprising resignation of CEO Brian Dunn. While this sort of major shake-up may be seen as yet another distraction and setback for a company struggling to find a new foothold in the electronics retailing world, the downside seems pretty limited. At this point, the market continues to price Best Buy for failure and shareholders may have reason to hope that the company can use this opportunity to make a clean break with a failed approach.

A Change at the Top
While now-former CEO Brian Dunn had a reputation as an operations-minded executive, it's hard to see how that did the company any good. Under his leadership, the company continued to over-expand and ignore the fact that online retailers like Amazon (Nasdaq:AMZN) and Wal-Mart (NYSE:WMT) had already sapped their walls. Just as bad, Best Buy seems to have plunged headlong into China without really understanding the market or how to compete with other rivals like Gome.

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