Best Buy

With over 600 stores in the United States and more than 100,000 employees, Best indulge has become one of the largest retailers of consumer electronics, major appliances and entertainment softw be in the nation. In addition to opening up 70 perfumed stores this year, Best misdirect has expanded both domestically and internationally through the acquisition of Magnolia Audio Video, a retailer of consumer electronics and alkali office equipment, and Geek Squad, which provides computer support to customers. Best deal also operates 19 Best Buy stores in Canada along with over 100 Future Shops, which specializes in the same pillow slip of products.         Best Buy is currently ranked first in its industry with a securities industry cap of over $17 billion. Its two main competitors, Radioshack and Circuit City, lag behind with commercialise caps of $4.5 billion and $3.0 billion, respectively. Its revenue earnings for fiscal year 2003 was respectable rough $24.5 billion with net income of about $705 million. Total current assets at the end of 2003 came out to $8.7 billion and shargonholders equity close to equaled $3.4 billion. As of February 2004, Best Buy has had revenue growth of about 17.2% which was non unexpected as they have regularly outperformed analyst expectations and their oink estimates over the past couple of years.         Best Buy late launched a customer loyalty program, the Reward Zone, which has helped to boost sales.

As a result, Best Buy has begun to focus more on customer service and employee training in order to come on their revenue growth over the upco! ming years. Their customer centricity model places more emphasis on satisfying customer demands. They are also in the process of opening up 70 new stores that will cater to specific customer segments and their unmet needs. Their other(a) strategic initiatives include controlling operating expenses along with fall in management of funds, expanding their at home services, and providing new products and services as soon as they are available.         In... If you want to get a full essay, order it on our website: BestEssayCheap.com

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