Wednesday, November 12, 2008

Best Buy CEO statement-earnings

Statement from Best Buy CEO Brad Anderson:
"Since mid-September, rapid, seismic changes in consumer behavior have created the most difficult climate we've ever seen,
Best Buy simply can't adjust fast enough to maintain our earnings momentum for this year."

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We are beginning to see signs of consumer-led recession. Watch out ...this credit mess won't look that bad after that starts.

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