Best Buy Shakes Up Management

Best Buy Co. announced a leadership shake-up as the struggling electronics chain warned that earnings this quarter would be “significantly below” those it posted a year ago.

The retailer said it also expects results of the quarter ending Nov. 3 to be as bleak as those in the three months ended Aug. 4, when profit plunged 91 percent, sales fell 3.4 percent at stores open at least 14 months and profit margins contracted by a percentage point. The Richfield, Minn., company will report earnings on Nov. 20.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »