“For many of the nation’s retailers, the darkest days of the recession are behind them. For Richfield-based Best Buy Co. Inc., storm clouds are still brewing.
Profit margins are drooping, market share is eroding and the stock has been sliding all year. Last month, the company decided to close stores in China and walk away from Turkey, taking a hit of up to $245 million.
When Best Buy releases its fourth-quarter earnings on Thursday, CEO Brian Dunn will be in the hot seat.”