Best Buy hasn’t been doing particularly good, despite the fact that it’s online sales are not bad. The retailer recently closed 50 of its stores and that’s only a fleeting look at the fact that things aren’t very good at the company. Now, CEO of Best Buy, Brian Dunn has resigned. It would seem that the company has finally realized that it needs new leadership to try and find an alternate strategy to break into the e-commerce market.
The resignation of Dunn apparently seems to have come with the agreement of both sides – Dunn and the company. It was quite evident that despite being a brilliant professional with a great record, Dunn hasn’t steered the company to the point where it really should have been. While Amazon continues to make leaps and bounds towards success and expands its influence, Best Buy, in comparison, rather has an abysmal performance.
Dunn left the company with the following words, ‘I have enjoyed every one of my 28 years with this company, and I leave it today in position for a strong future. I am proud of my fellow employees and I wish them the best.’
The official response that followed from the company was, ‘There were no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, policies or procedures. There was mutual agreement that it was time for new leadership to address the challenges that face the company.’
However sad this may seem, it is actually good for both Dunn and Best Buy. Dunn has been with Best Buy for the last 28 years and he established himself in an altogether different era of technology. Today, technology has tremendously changed and Best Buy needs someone who is fully cognizant of this fact and is ready to accept the challenge.