Best Buy shares were the darling of Wall Street in 2013 — the company’s new management could seemingly do no wrong. It slashed expenses through store closures and mass layoffs, improved the website to make it easier for shoppers to find what they want and check out, and added new eye-catching shops from Apple, Google, and Samsung. However, Belus Capital Advisors’ Brian Sozzi says Best Buy has three glaring problems in its stores that make 2014 highly uncertain. The bottom line: if Best Buy is unable to grow its sales consistently it could very well enter the retail graveyard, buried next to its former rival Circuit City.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
