Best Buy CEO: Online Sales Growth “Far Outstripping” Brick-and-Mortar

By  |  May 24, 2012
 | 

Mike Mikan, interim CEO at Best Buy, says that the year-over-year growth of online sales is “far outstripping traditional retail sales,” according to Internet Retailer.

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    “Consumers have needs and preferences that are new and changing rapidly. Today, they need virtual products and services as much, if not more, than they need hardware. And businesses are under pressure to respond to those changes,” Mikan said on a conference call.

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