Breaking News: Best Buy CEO Brian Dunn has resigned. After 28 years with the electronics retailer, he called it quits amid buzz of a list of 50 stores closing accompanied by a massive layoff.
The electronics juggernaut, once hailed as the big box retailer that could not sink (in Titanic style), has finally succumbed to the onslaught of digital media and the online shopping frenzy.
In a press release from Business Insider on 4/10/12, BB announced Brian Dunn's resignation as CEO and director of the struggling company.
In today's press release, the board of directors said the long-serving chief executive officer has resigned. Furthermore, his departure comes without any legal ramblings, operational discord, and internal "disagreements." In short, Dunn's stepping down is part of a "mutual agreement."
Meanwhile, Director Mike Mikan will serve as the interim CEO, and the company's founder, Richard Schulze, continues as chairman, according to the press release.
Reportedly, a transition and exploration team is in place that consists of the board of directors and other key members of the company.
Since the imploding company is adapting a radical approach to growth (by downsizing), perhaps the new Best Buy CEO will be an outsider experienced in digital media and marketing.
As consumers latch on to the appeal and ease of making purchases online from the comfort of their homes, traditional shopping behaviors create the "death of the big box."
While there are still hardcore shoppers, who want the organic shopping experience by visiting a store, other savvy shoppers enjoy price reductions brought on by events like Black Friday and Cyber Monday. In many cases, the lower prices are only available online.
Best Buy CEO Brian Dunn's resignation is perhaps the first casualty of the restructuring plans the company has planned. Including a list of 50 stores set to close, hundreds of jobs are part of a future layoff. Time can only tell how the new and hopefully "improved" company's remaining staff's morale holds up...or not.
recommend
Facebook
Twitter
bookmark 
print
Comments: 5
Uneducated bleating sheep reveling in their ignorance tend to be the main customer base of the firm in my worthless opinion that is as valid as any other worthless opinion but it IS my opinion and it is MINE!!!!!!!!!!
ALL MINE!!!!!!!!!!!!!!
Yes, I enter and wander through the local Best Buy but the excursion is merely to walk for exercise and do it within a climate-controlled building where I am sheltered from inclement weather and/or excess heat or cold and have items to view and females to ogle and the opportunity to baffle the typically semi-educated employees attempting to prompt me to disgorge my discretionary with their employer.
HAH!!!!!!!!!!!!!!!!!!
That gal trying to sell me a refrigerator sure was cute, though.
Too bad she did not lust for a Disgruntled Old Coot.
I would have allowed her to enter the shanty and sit on my new couch and we could watch TV and raid the cupboard for a can of soup and spoon-feed each other and make goo-goo eyes at each other.
I do not allow just anybody to enter the humble hovel let alone sit on my NEW couch.
But, that cutie lusted for younger chaos who assuredly would not appreciate her feminine attributes as much as me.
But, the Disgruntled One continues trekking local retail outlets ogling the adult females while wishing I could kick aside the noisy vile spawn of the citizen-sheep who allow their vile spawn to run about willy-nilly and be a general nuisance to decent well-behaved folk.
It take a village to raise a child, the putrid politician spewed awhile back.
I may have been the vile, putrid, disgusting politician figurehead lackey of the ruling master class that babbled that emotion-laden tripe.
Stupid female. Stupid politician. Mere scum.
What so MANY (but not all) of those misbehaving vile spawn need is a firm kick to the head and told to settle down and behave civilly or another firm kick will follow.
Then kick the idiotic parent(s) or guardians or owner, whatever of the brats for allowing the puny pestilential parasites to behave as they do.
One reason I shun the local Mart-Wal where the areas trashier elements tend to flock together in an orgy of idiocy and tattoos splayed across highly-visible body parts.
The Mart-Wal across town has a higher-class clientele and much more enjoyable to wander.
The above OPINIONS are mine, the mighty Obbop. Disgruntled Old Coot and shanty-dweller extraordinaire.
Veteran of two overseas mid1970s military tours who believes that the USA must have a full-scale military coup to defeat the enemy forces literally raping We, the People.
Nothing less than a full-scale military coup by a patriotic officer corps can make any meaningful change in the HUGE entrenched power structures mentally enslaving the masses of bleating citizen-sheep via the finest, well-honed, propaganda systems all of us are immersed in from our youngest years until death do we depart.
MY OPINION ye who are likely citizen-sheep yourselves but are too indoctrinated to even realize it!!!!!!!!!!!
There IS a small minority who have shed enough implanted tripe to have become self-aware and those of you who ARE truly self-actualized know it.
Time to step outside the shanty and revel in one of my mini cigar-type things that provide one of the few minimal pleasures in an Old Coot Life.
Off with ye buffoons.
Depart.
Go bleat somewhere.
Go spread YOUR worthless opinion as I have done here.
welcome to my website: 2012 New Arrival Christian Louboutin are hot selling in our online store.