Best Buy CEO: We Now Have Room To Compete With Amazon

Best Buy completed a five-year turnaround and is ready to compete with market leader Amazon.com. It wants to to prove U.S. retail is not a “winner takes all” situation, according to Chief Executive Hubert Joly. Brick-and-mortar retailers like Best Buy have closed stores and have even gone out of business over the past few years, in the face of online competition and the decline of American malls.