Best Buy Co. Inc.
There was cautious rejoicing in Blue Shirt Nation, and throughout the Minnesota business community, when the Richfield-based electronics superstore announced that its first quarter 2016 revenue and profits were better than expected. Was this the sign that the company’s turnaround was permanent? Joly has been credited with skilled cost-cutting and bringing Best Buy back from the cliff that had claimed Circuit City and other competitors. Analysts worry that there’s little growth potential for the company. Still, second quarter results were upbeat, and the holiday season looked promising in late November. Will Joly still be jolly in 2017?