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Best Buy Plans to Double Sales in Next Five Years
June 27, 2008
At its annual shareholders' meeting, Brian Dunn, president and COO of Richfield, Minn.-based Best Buy Co. Inc., announced that the company plans to double sales in the next five years to $80 billion in fiscal year 2013, according to Startribune.com. Best Buy, which has averaged an annual growth rate of about 20 percent, doubled in size from $20 billion in fiscal 2003 to $40 billion in fiscal 2008. Additionally, the management presentation at the meeting put an emphasis on the company's international growth plans.
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DDI visited the new JCPenney department store at Manhattan Mall in New York and spoke with store manager Joe Cardamone. Below is video of that conversation paired with a walk-through tour of the new store. For more on the JCPenney store, look out for DDI's November/December issue mailing out at the end of November.
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