India potential market for expansion: Best Buy

India potential market for expansion: Best Buy
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First Published: Thu, Jun 25 2009. 11 20 PM IST
Updated: Thu, Jun 25 2009. 11 20 PM IST
Atlanta: Best Buy Co.’s new chief executive officer, Brian Dunn, said the world’s largest electronics retailer is looking at India as a potential market.
“India is obviously something we’re watching very closely,” said Dunn, who took over as CEO on Thursday. There’s very healthy internal whispers about how important that market is.
The company is trying to not spread itself too thinly in its international expansion, he said at the annual shareholders meeting in Richfield, Minnesota. Dunn took over from Brad Anderson, 60, who is retiring 36 years after starting at the company as a stereo salesman. Anderson will remain as vice-chairman until his term expires in 2010. Dunn, 49, joined the company in 1985, selling VCRs in a Minnetonka, Minnesota store, one of 12 the retailer had then.
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First Published: Thu, Jun 25 2009. 11 20 PM IST