Best Buy CEO Brian Dunn Resigns After $1.7 Billion Loss

Posted by timothy on Tuesday April 10, 2012 @03:23AM from the sir-we-don't-mind-the-losses-we-hate-your-ties dept.

An anonymous reader writes "Best Buy CEO Brian Dunn has resigned amid the big-box retailer's major financial problems. The announcement comes two weeks after Best Buy announced a $1.7 billion loss for its fiscal fourth quarter. Best Buy is trying to avoid the same fate as Circuit City, which went out of business in 2009, but the future looks grim." The article provides a reason not to trust middle-management: the company claims it had "no disagreements with Dunn about operations, financial controls, policies or procedures." Best Buy may not be Shangri La, but in many rural and semi-rural parts of the U.S., it's the nearest and best place to actually find a wide selection of electronics.

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Re:Customer Service by Anonymous Coward · 2012-04-10 03:32 · Score: 5, Interesting

The clerks aren't just pushy - they actively lie to customers. Telling a lie to get money out of someone is fraud. I, for one, don't appreciate it.
Re:Haven't had bad luck lately... by ArcherB · 2012-04-10 05:54 · Score: 5, Interesting

If you worked in the home theater department (I was in PC home/office), add high margin cabling to that.
And here is why I don't shop at Best Buy. It's not that the sales people were trying to sell me a high end cable. It is the fact that there is no HDMI cables in the entire store for less than $30. Sorry, but I will not spend $30 on any cable, for anything, ever! I don't need gold plated HDMI cables for my less than 40 inch TV.

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