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Continued: Best Buy's European exit means retailer will need to tap inner talent for innovation

  • Article by: THOMAS LEE , Star Tribune
  • Last update: May 1, 2013 - 5:55 AM

“We took our eye off the ball,” Score told analysts during an investors meeting last November. “It’s not as if we haven’t been thinking about it. We just haven’t done them.”

Indeed, Joly’s Renew Blue strategy depends more on execution than it does creativity. Given Best Buy’s sales woes, that’s fine for now, analysts say. But the company’s leadership will need to eventually craft a long-term vision about where to position Best Buy in a rapidly changing industry, Yarbrough said.

“Retail evolves so much,” he said. “You do need to stabilize the U.S., but how do you grow the business from there?”

 

Thomas Lee • 612-673-4113

 

 

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