Best Buy names Jason Bonfig as new CEO, replacing Corie Barry in late October [MSNBC.com]
Goldman Sachs Group, Inc. (The) (GS)
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Source: MSNBC.com
In this articleA Best Buy logo is displayed outside one of their stores on October 10, 2025 in San Diego, California.Kevin Carter | Getty ImagesBonfig, 49, is chief customer, product and fulfillment officer and rose through the ranks after joining the retailer as an inventory analyst in 1999. He will become Best Buy's sixth chief executive officer and join the company's board.Barry will stay on as a strategic advisor for six months after stepping down, the company said in a news release.The leadership change comes as Best Buy tries to get back to meaningful sales growth and capitalize on a wave of artificial intelligence-enabled mobile phones and laptops. The company's sales have lagged in the past four years, which Best Buy has attributed to a slower housing market, price-conscious U.S. consumers and less tech innovation.The company saidat least some of those dynamics will likely persistIt said comparable sales, a metric that tracks sales online and in stores open at least 14 months,
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