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Best Buy after Circuit City (in 2011): What's Next?
Best Buy has survived the economic recession that took out competitor Circuit City only to find an increasingly competitive landscape. Their dominance of the retail electronics industry is being challenged by online retailers and big-box retailers such as Walmart and Target. CEO Brian Dunn is scheduled to present a five-year growth plan to shareholders in just two months. With an uncertain economy and invading competitors, what strategies for growth should he present to keep Best Buy from the same fate as Circuit City?