Word: circuit
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...With about 16% of the $124 billion domestic consumer-electronics market, Best Buy offers Anderson a solid and profitable perch from which to begin. Morgan Stanley estimates that Best Buy had sales of $27.5 billion in the fiscal year just ended, up from $12.5 billion five years ago. Archrival Circuit City has seen sales decline from $12.6 billion to an estimated $10.3 billion over the same period. Research firm Retail Forward says Best Buy generates $870 in sales per sq. ft. of retail space, in contrast to Circuit City's $480. (Highfields Capital, a large Circuit City investor, offered...
...Best Buy's competition is far broader than Circuit City, from direct sellers like Amazon and Dell to the quintessential category killer, Wal-Mart, which analysts estimate sold $17 billion in electronics in 2004. With challengers like those, Best Buy knows it cannot compete on price alone. Instead, CEO Anderson, a 32-year veteran at the company who began as an in-store salesman and ascended to the top job in 2002, wants Best Buy to differentiate itself by focusing on upscale customers and providing them with the hand holding and service that today's increasingly complex electronics invite...
...Quakers have been carried by their starting backcourt. Senior point guard Tim Begley averages 14.1 points and a league-leading 4.9 assists per game, and sophomore shooting guard Ibrahim Jaaber is second on the Quakers in scoring with 11.8 ppg while leading the circuit in steals (2.84 per game...
Konrad then hit the media circuit, appearing first on “Last Call with Carson Daly...
...Kazmaier finalist of its own in junior Cherie Piper, who is but one member of a fearsome constellation of four junior forwards that also boasts Tiffany Hagge, Katie Weatherston, and Gillian Apps. Corriero and Banfield are both familiar with Piper and Apps from their days on the Canadian youth circuit, lending their reunion extra personal significance...