Another
quarter is in the books, and there's scarcely any good news at
struggling retailer Best
Buy
(NYSE:BBY).
While there is still a chance that founder Schulze will come back
with another go-private bid, the fact remains that comps
continue to erode and the electronics brick
and mortar retailing landscape is a grim one. With Best Buy's
management talking about wooly concepts like "reinvigorating the
customer experience," investors would do well to approach this
turnaround
candidate with considerable caution.
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