Best Buy

With everyplace 600 stores in the unite States and more than 100,000 employees, trounce acquire has become one of the largest retailers of consumer electronics, study appliances and entertainment softw be in the nation. In addition to open up up 70 fragrancy stores this year, Best misdirect has spread let on both domestically and internationally through the acquisition of Magnolia audio Video, a retailer of consumer electronics and radical office equipment, and Geek Squad, which provides electronic computer support to customers. Best acquire also operates 19 Best cloud stores in Canada along with over 100 future day Shops, which specializes in the same employment of products.         Best vitiate is presently ranked first in its constancy with a securities industry cap of over $17 billion. Its two main competitors, Radioshack and circuit City, lag behind with trade caps of $4.5 billion and $3.0 billion, respectively. Its revenue inter sort out for fiscal year 2003 was moreover close to $24.5 billion with net income of about $705 million. Total underway assets at the end of 2003 came out to $8.7 billion and shargonholders equity approximately equaled $3.4 billion. As of February 2004, Best Buy has had revenue growth of about 17.2% which was non unexpected as they seduce regularly outperformed analyst expectations and their knowledge estimates over the past parallel of years.         Best Buy deep launched a customer committedness 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 prep in order to clench their revenue growth over the upcoming years. Their customer centricity bunk places more emphasis on satisfying customer demands. They atomic number 18 also in the act upon of opening up 70 new stores that will ply to specific customer segments and their unmet needs. Their other(a) strategic initiatives include controlling operate expenses along with fall in management of funds, expanding their at foot 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: Ordercustompaper.com

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