Nov
12
Best Buy: “Most difficult climate ever”
That statement comes from Brad Anderson the CEO of Best Buy. In a statement covered by Larry Dignan he explained,
“Since mid-September, rapid, seismic changes in consumer behavior have created the most difficult climate we’ve ever seen. Best Buy simply can’t adjust fast enough to maintain our earnings momentum for this year. We’re beginning to adjust our cost structure to restore earnings momentum and still gain market share. We firmly believe that our strategy of customer centricity is of great value in driving our performance versus the industry, and that’s the strategy we plan to pursue to continue to strengthen our position in the marketplace.”
Brian Dunn the COO of Best Buy continued,
“In 42 years of retailing, we’ve never seen such difficult times for the consumer. People are making dramatic changes in how much they spend, and we’re not immune from those forces.”
No Responses to “Best Buy: “Most difficult climate ever””
No comments yet.
RSS feed for comments on this post. TrackBack URL
Leave a Reply