The Biz Buzz
Best Buy Stock Soars, Complicating Founder's Takeover Intentions
The company may be gaining some momentum.
Follow Richfield Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter It's been nearly a year since it all started to unravel for Best Buy. From CEO scandals and downed sales, to excessive excecutive turnover and risky store remodels, the company has been in a constant state of change. Remember when former CEO Brian Dunn resigned? But now, it seems as if things are changing for the better. In the past two months, Best Buy's stock has risen 40 percent, giving analysts, investors and employees a breath of optimism. According to the Star Tribune, Best Buy generated sales that were stronger than anticipated as shoppers purchased more flat-screen televisions and other major appliances. The performance impressed …
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