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Tim Sheehan

Best Buy Warns Profits Will Be ‘Significantly Below’ Last Year, Cuts Senior Managers

October 25, 2012 by Ted Leave a Comment

BREAKING NEWS…

Best Buy LogoAfter the close of the market today, Best Buy warned Wall Street that its third quarter earnings and same-store sales will be significantly below the same quarter last year. The company also announced that head of U.S. business Mike Vitelli, and other executives, will leave the company at the end of this fiscal year in early February.

But the warning to Wall Street went even further… [Read more…] about Best Buy Warns Profits Will Be ‘Significantly Below’ Last Year, Cuts Senior Managers

Filed Under: Industry Trends, News, Pivot Point, Retailers, Strategy Tagged With: Best Buy, earnings, Hubert Joly, Mike Vitelli, Tim Sheehan

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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