Best Buy might look at vacancies left by bankrupt retailers, CEO Brad Anderson told Reuters at the World Economic Forum in Davos, Switzerland. But he did stress that the company is focused on remaining and leery of consumer spending trends.
Meanwhile, Best Buy is laying off people at its headquarters, and about 500 employees there have already taken buyouts.
First of all, what is he doing at Davos? Is this a normal event for retail executives to attend?
And what is the likelihood of Best Buy grabbing up empty spaces in shopping centers? We can’t think of anyone else that is a more likely candidate on a national level, but are we missing anyone?