Best Buy (BBY) CEO Brian Dunn says the retailer's 1,100 stores still give it an advantage over online rivals. He hears the calls of investors to close stores, but says mixing a strong online assortment with store retailing is a "winning scenario in the long haul."
This Best Buy case is one to keep a close eye on. I think this online vs. "bricks and morter" battle strikes right at the heart of our country's unemployment problem, which may or may not lead to more government programs to support those who are shut out by the closing of stores.
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