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Best Buy Has a Plan to Reach $50 Billion in Revenue, Cut $1 Billion in Costs

Best Buy
Photo Credit: Mike Mozart via Flickr cc

Through a new focus on healthcare, where analysts say Best Buy has a competitive edge, the electronics retailer plans to reach $50 billion in revenue by the year 2025. Best Buy also plans to cut $1 billion in costs by reducing returns, being smart about promotions, and automating tasks.

Best Buy CEO Corie Barry on Wednesday walked investors through the company’s plan to keep growing sales: staying rooted in the consumer electronics category, while pushing further into in-home services like its Geek Squad network, and growing in health.

Read the full story at CNBC.