Sharon McCollam
- Company: Best Buy
- Revenue: $49.1 billion
Analysts
cheered when McCollam came out of retirement last year to try to turn
around the struggling retailer. On the day of her appointment, Best Buy
shares rose 4.2%. Credited with helping revive home goods company
William Sonoma with an increased focus on online sales, McCollam is now
regarded as one of Best Buy's best chances at climbing out of its
current slump. The retailer lost $441 million last year. So far, she has
acted quickly to cut costs: Best Buy slashed 400 jobs last year and
enacted tougher rules with vendors when dealing with unsold merchandise.
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