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Best Buy has confirmed that the CEO of Best Buy International, Robert A. Willett, will be retiring by the end of this year.
Best Buy has announced three new executive appointments, including two within the international sector.
Just a few months after being appointed COO of the retailer's International Division, Scott Wheway has accepted a position to head up Best Buy's new European Division.
Best Buy reports a 12% increase in revenue for the second quarter of fiscal 2010. Revenue was US$11 billion compared to US$9.8 million in the second quarter of 2009.
Best Buy reports an earnings decline during the first quarter of 2009 (ending May 3) of 15%, from US$179 million during the same period in 2008 to $153 million. However, revenue was actually up by 12% to $10.1 billion.