Best Buy's Latest Numbers Suggest A Gloomy Outlook For Big-Box Stores

05/26/2012 11:04 am ET
  • CHRISTOPHER MATTHEWS Time

Best Buy released its first-quarter 2012 earnings this week, and though the numbers beat Wall Street expectations, net income took a tumble — falling 25%, compared with last year. And more than just poor earnings have plagued the nation’s largest retailer of late. Six weeks ago, former CEO Brian Dunn left the company amid allegations of an inappropriate relationship with a female staffer.

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