Best Buy has its own 5-point growth strategy to double sales to USD$80 billion over the next five years.

• First, ride the CE industrys growth of 6% over time.
• Second, open new stores and developing categories where it presently has limited share (e.g., Apple computers, major appliances, and mobile phones-- reinvigorated by a new business model with Carphone Warehouse).
• Third introduce new categories (e.g., musical instruments).
• Fourth develop completely new business models (e.g., national rollout of Pacific Sales, their West Coast chain of premium appliance stores.)
• Fifth, grow internationally.

        Now which 5-point plan would you rather have: spending your way to expansion or cutting costs to restore the foundation?

Go 5-Elements of Growth for Best Buy

Go Best Buys International Growth