Despite all the flak Best Buy gets from consumers and financial analysts, the world is probably a better place with it than without it.
For those who don't follow Best Buy as a business, existential questions have been dogging it for years. The word "Titanic" often comes up.
Not all that surprising, considering brick-and-mortar electronics retail stalwarts CompUSA and Circuit City have all but disappeared.
Here's what the new CEO, Hubert Joly, said Friday during the earnings conference call, via a transcript provided by Seeking Alpha.
"In fiscal '13, we permanently closed 49 large-format stores … Read more