“The exodus from Best Buy Co. Inc.’s executive suite continues.
Ryan Robinson, the company’s No. 2 finance official and chief financial officer for Best Buy’s U.S. business unit, is stepping down, a source close to the company told the Star Tribune.”
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“Don’t count out Best Buy just yet.
Though it is beset with the distractions of leadership turmoil and a slumping stock price, Best Buy Co. Inc. remains a global powerhouse — a company that sells more televisions, computers and tablets than any other retailer in the world.
Combined with its investments in e-commerce, Geek Squad and smaller mobile stores, Best Buy has ample time and money to thrive in the Internet age, just as it conquered traditional retailing with its ubiquitous big boxes, industry analysts say.”
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“Another top Best Buy Co. Inc. executive has left the troubled retailer.
Dave Deno, chief financial officer of Best Buy’s international division and president of its Asia region, recently joined OSI Restaurant Partners as its executive vice president and CFO, according to a document filed with the Securities and Exchange Commission.
OSI is best known as the parent of the Outback Steakhouse chain. Best Buy confirmed Deno’s departure late Friday.”
Read More… [2]
“Best Buy Co.’s top marketing chief has left the company, sources tell the Star Tribune.
Barry Judge, executive vice president and chief marketing officer (CMO), resigned from the Richfield-based consumer electronics giant earlier this week. A Best Buy spokesperson declined to comment.”
“Best Buy Co., in the midst of an investigation of former CEO Brian Dunn, may have other trouble to fend off.
The Minnesota-based retail giant has become an alluring target for a private takeover, according to industry sources. The nation’s largest consumer electronics chain generates more than $1 billion in cash a year and has relatively little debt.”
“Best Buy Co. Inc. CEO Brian Dunn has been busy this year: He is shepherding the biggest restructuring in the company’s history, hand-picking key executives, and overseeing the rollout of new store formats crucial to the retailer’s future.
For a guy who is perpetually in the hot seat, Dunn is making decisions like someone who is expecting to stick around.”
By Thomas Lee, Star Tribune
“Hanging on the wall of the Best Buy store in Edina across from Southdale Center are three identical-looking signs that read: “Thank You for Making This Store the Best,” a distinction the company bestowed upon the store for performing well in 2009.
What a difference three years makes. The Richfield-based retailer said this week the store, along with four others in the Twin Cities and a total of 50 nationwide, will soon close its doors.”
“The fix is looking a little loose for Target.com.
CEO Gregg Steinhafel recently assured investors that the Minneapolis-based retailer is smoothing out the kinks in Target.com after two embarrassing crashes following the site’s August launch. Steinhafel said Target has added money and staff to improving the website, though the company declined to disclose specific steps.”
“Best Buy Co. is recruiting its own internal Geek Squad.
The Richfield-based consumer electronics retailer plans to hire 200 information technology specialists over the next year as the company seeks to woo customers across multiple sales channels, including stores, mobile devices and BestBuy.com.
Since 2004, Best Buy has largely outsourced its IT needs. But given the scope of its ambitions, Best Buy needs to develop its own technology talent, said Jody Davids, Best Buy’s chief information officer, in an interview.”
“The former president of Target.com is launching a new company that will focus on helping retailers integrate mobile devices such as smartphones and tablets into store environments.
Dale Nitschke, now the managing partner at the Ovative/group consulting firm in Minneapolis, said Talking Fish will spin off from Ovative in the first quarter of 2012.”
It might be educational for the other entrepreneurs in the community to know this isn't YC and the s...
Author: Casey AllenGood for you... congratulations! The Twin Cities is a great place to lead this charge. If you can ...
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