Best Buy committed to change, CEO says

NEW YORK (AP) — Best Buy’s interim CEO says the electronics seller is operating below its full potential but is committed to changing in fundamental ways.

Interim CEO Mike Mikan said at the company’s annual shareholder meeting that the electronics retailer plans to expand relationships with small businesses, improve customer service and rethink Best Buy’s store model as it tries to improve results. He says more details will be available later this summer.

Coming in the wake of a CEO scandal in April that also led to the resignation of founder and Chairman Richard Schulze, the meeting was relatively sedate and over in about an hour.

There was no update on its search for a new CEO or its recently created $800 million cost-cutting plan.

About 170 people attended the meeting in Minneapolis.

SportsPlus

Mower County

Photos: The holidays ring during Christmas in the County

Business

Right at home: Edward Jones branch celebrates new location on Oakland Avenue

Mower County

Mower woman tells story of avoided scam, warns others to beware

Mower County

Sheriff Sandvik completes the National Sheriffs’ Institute’s Leadership Development Course

News

Minnesota special education costs climbing rapidly as more students qualify for services

Mower County

In Your Community: Duplicate Bridge

Mower County

In Your Community: Mower County Senior Center

Crime, Courts & Emergencies

Convictions: Dec. 2-9

News

APS Column: Screen time and healthy habits

Mower County

Jenup Chop pleads guilty to shooting death of Gumdel Gilo

Mower County

Snow, freezing rain possible into Saturday

News

New Jersey, Minnesota sue Glock over switch that allows pistols to fire like machine gun

Mower County

Mower one of four counties honored by the Association of Minnesota Counties

News

Pressure on a veteran and senator shows what’s next for those who oppose Trump

News

Ontario premier says US energy exports will be cut off if Trump imposes sweeping tariffs on Canada

Mower County

City putting out the call for nominations for Pillars of the City

News

Cannabis agency drops plans for licensing fast track, early 2025 retail launch in Minnesota grows doubtful

Austin Living

Austin Living: Song of the Season

Mower County

Paramount shifts to free admission for final live performance of the year

Mower County

In Your Community: Unity Chapters give to local organizations

Mower County

In Your Community: VFW donates to North Start Honor Flight

Mower County

In Your Community: Apple Lane celebrates food drive

Mower County

Help MnDOT name more snowplows! Submit your idea by Dec. 20

News

A prayer across the rural-urban divide: ‘Open our hearts, open our brains’