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Best Buy CEO Corrie Barry acknowledged the nationwide problem but said the electronics retailer has not experienced the significant loss competitors have thanks to its strategy of higher staffing levels, security, and full-service check-outs.
A surge in retail theft across the U.S. over the past few years has led many businesses to take drastic measures to curb shoplifting in stores, but Best Buy…
Several other slightly younger CEOs are leading major corporations and looked upon to bring innovation and fresh ideas to their businesses.
Best Buy had an earnings beat but a revenue dip, warning of continued weakness in spending but calling for tech demand to return this year.
"We have strategically and effectively managed our inventory flow based on a shopping pattern that we believe looks more similar to historical holiday periods," said CEO Corrie Barrie.