Why Best Buy Is Best-in-Class

CEO Richard Schulze says a shift toward more lucrative digital gear and appealing store design helped drive profit growth in a tough year

Since he founded Best Buy (BBY ) in 1966 at 25, Richard Schulze has built the company into the nation's largest consumer-electronics retailer. Sales last fiscal year totaled $19.6 billion, more than double that of its closest rival, Circuit City Stores (CC ).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.