Best Buy plans to double its e-commerce business

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By Bill Briggs, Internet Retailer

Best Buy Co. Inc. plans to double its annual web sales to $4 billion within five years, while reducing bricks-and-mortar store square footage in the next three to five years. The retail chain also plans to open more stores selling mobile phones and service plans.

CEO Brian Dunn and other executives laid out the electronics and appliances chain retailer’s growth plan today at a presentation to Wall Street analysts at company headquarters in Richfield, MN.”

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