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Tom Crann
St. Paul, Minn.

Best Buy CEO Brad Anderson talks profits, losses and lessons

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Electronics giant Best Buy
Electronics giant Best Buy recently announced sharp drop in sales and profits in the last quarter. However, CEO Brad Anderson remains optimistic about the future of the company.
MPR Photo/Tom Crann

Even as the Dow was down Tuesday, shares in Best Buy continued to rally, posting a gain of 3.25 percent. That's on top of a nearly 18 percent leap on Monday.

This all comes even after the retail electronics giant announced sharp drops in sales and profits in the last quarter. Investors sent the stock soaring after those results turned out to be better than expected. The company is also offering voluntary severance packages to its 4,000 headquarters employees in Richfield.

Tom Crann went to Richfield yesterday to talk with the man at the helm of Best Buy, CEO Brad Anderson.

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Electronics giant Best Buy
Electronics giant Best Buy recently announced sharp drop in sales and profits in the last quarter. However, CEO Brad Anderson remains optimistic about the future of the company.
MPR Photo/Tom Crann