Best Buy, a well known chain to purchace technology paraphernalia from, is closing 50 of its stores across the United States (the link below tells the exact locations). In each of the 50 locations, there will be a closing sale in which many items will be, most likely, marked down between 20-30% off the retail price. Though this is amazing for the consumer that really wants that new TV, investors should steer clear of stock in Best Buy Inc. for a while until the newly vacant head CEO position is filled. The Best Buy Board of Directors is currently in the hunt for a new CEO after former CEO, Brian Dunn, resigned. It was stated that, "it was just the right time for new leadership." We do not know what will come of our favorite chain for everything technology, but we are hoping this change is for the best (more information on the link below).
http://www.auctionbytes.com/cab/cab/abn/y12/m04/i16/s03
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