Best Buy Plans to Double Sales in Next Five Years

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.

Produced by: Nielsen Business Media, a part of the Nielsen Company
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