2 more Best Buy execs ousted

  • Article by: THOMAS LEE , Star Tribune
  • Updated: April 15, 2013 - 9:18 AM

Departures reflect new CEO's desire to act quickly to rebuild sales, analyst said.

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bakehachOct. 24, 12 3:39 PM

Good luck to Best Buy. They're going to need it. I ran over to the Robert Street store at noon to buy a couple of audio cables. The floor help was decent, but register help was practically non-existent. The two on registers were struggling with issues. Apparently floor personnel aren't qualified to run a cash register. A geek finally came to the rescue. It is a lousy retailer, and its hard to imagine that they could ever recover in this day and age.

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cman2500Oct. 24, 12 3:57 PM

Rearranging the deck chairs on the titanic is more like it.If Dick Schultz can't get the funding or get some kind of a deal the stock is going collapse. But even with a deal i think they are about done 3 to 5 years if that. Now saying that were going into a major economic downturn that may seal the deal even sooner !!

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raleighmamaOct. 24, 12 5:37 PM

I'm not sure how much confidence I'd have in guy who believes showrooming is a "myth". Joly has a lot to learn about retail customers, and their ability to buy when are where the price is right; retail store vs online.

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dr4golfOct. 24, 12 6:17 PM

A different perspective: I have spent my career at high levels in corporate America. I have seen this countless times. Joly comes in and lops the head off the org structure. Feels good to the institutional shareholders. The reality is that a lot of knowledge and experience is flushed down the toilet. 70% of the time the organization doesn't recover from the loss of knowledge and experience. Best Buy may still survive/thrive. I hope they do. But the oft used prescription of cutting the guts out of an organization often sets that organization back years. Doesn't mean people shouldn't be replaced. Your either on the bus or not.

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tharaldson74Oct. 24, 12 6:30 PM

Cman2500...your metaphor is way off. This isn't about rearranging the deck chairs, but rather throwing a couple over. In corporate bureaucracy, that is usually a good thing. Streamlining and speeding reform is remarkable thing to do. BBY is actually a faster decision maker than most its size...maybe it is better to be impressed that they stayed afloat in a storm rather than sinking so fast. Now they can turn it around.

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hardrainOct. 24, 12 7:32 PM

I don't have much faith in Best Buy being able to turn things around. My experiences in their stores have not been good in the past few years. It is hard getting help with products or questions answered. I much preferred Circuit City, when they did have retail stores. Plus, the interior of Best Buy stores are laid out in such a haphazard manner. I guess time will tell if these latest management decisions will have a positive effect.

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cman2500Oct. 24, 12 8:24 PM

BBY After Hours : 15.89 1.03 down (6.09%) sure glad i dumped this stock 3 years ago.

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rjr2205Oct. 24, 12 8:39 PM

Over the years my wife and I have made a number of purchases at Best Buy stores. The most recent, about one month ago, was a purchase of an LED TV at the Rochester store. My wife and I found the product very competitively priced, the sales personnel were very knowledgible/helpful and the checkout process was very smooth! I wish Best Buy the very best!!

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sparky34Oct. 24, 1211:09 PM

one was part of the old guard and another was limited in merchandising scope

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soakieOct. 25, 12 6:17 AM

For all of you BBY haters out there think it through if they were to go under, skipping the loss of jobs, but where do you shop for electronics? We have Walmart and Target, of course online as well, is that enough?

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