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Best Buy Confronts Newer Nemesis

Wall Street Journal Original article ›

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Brian Dunn will be new CEO of Best Buy. He worked for 24 years in Best Buy most of them in Best Buy sales and in stores. He believes in Best Buy's blue shirted sales employees, who help custoners navigate difficult technology. He sees them as asingular advatage in the electronics struggle for market share with Walmart, and in keeping customers. His idea is to turn Best Buy shopping into a series of experiences, and using innovative practices of store employees. Best Buy stores sales fell 6.5% in December and 4th quarter estimates are for sales decline of 5-15%, with anlysts estimates of a 20% decline in earnings per share.

The low cost and discount brands become important to shoppers and businesses.

07/16/2007

WIth about 7 million workers working less than 35 hours aweek and many facing a couple of days of furlough, or pay cuts, the family shops very carefully and on a budget. Businesses are paying attention, and even companies like P&G (Procter & Gamble) are pushing discount brands.

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P&G to Shed More Than Half Its Brands

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P&G's Global Target: Shelves of Tiny Stores

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On Paying for Cars With Cash

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Vera Wang Set to Dress Up Kohl's

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Wal-Mart Looks to Grab Gains in Gadgets

Wall Street Journal 08/02/2007


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