Analysts say Best Buy could use a reboot
Saturday, March 19, 2011
For many of the nation's retailers, the darkest days of the recession are behind them. For Richfield-based Best Buy Co. Inc., storm clouds are still brewing.
Profit margins are drooping, market share is eroding and the stock has been sliding all year.
David Brennan, co-director of the University of St. Thomas Institute for Retailing Excellence, has harped on the company's focus on the higher-margin gizmos at the expense of the mass-market consumer who doesn't need to pony up for a 3-D TV.
Originally published: 03/19/2011, Star Tribune