THE NEWS: Best Buy’s interim CEO Mike Mikan told shareholders attending its annual meeting Thursday that the company is committed to change.
THE CONTEXT: The electronics retailer is trying to combat “showrooming” in its stores — a practice that consumers use to test out products there and then buy them more cheaply online or at discounters. The company is recovering after its prior CEO abruptly resigned in April during an investigation into a relationship with a female employee.
WHAT’S NEXT: The company plans to name a permanent CEO before the end of the year.
