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 gratifying stores this year, Best misdirect has expanded both domestically and internationally through the acquisition of Magnolia Audio Video, a retailer of consumer electronics and understructure office equipment, and Geek Squad, which provides computer support to customers. Best taint also operates 19 Best Buy stores in Canada along with over 100 Future Shops, which specializes in the same sheath of products.         Best Buy is authoritatively 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 mart caps of $4.5 billion and $3.0 billion, respectively. Its revenue earnings for fiscal year 2003 was good rou nd $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 virtually 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 fink estimates over the past couple of years.         Best Buy latterly 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 t o lionize their revenue growth over the up! coming years. Their customer centricity experience 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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