Consumer goods analyst Austin Smith discusses whether Best Buy can reverse course. In a questionable move, the retailer gave 100 managers lucrative retention bonuses not tied to performance, rewarding the employees who put Best Buy in its current mess. In other areas as well, it looks like the company has not learned anything and will continue to underperform.
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The article Can Best Buy Turn It Around? originally appeared on Fool.com.
Austin Smith has no positions in the stocks mentioned above. Isaac Pino has no positions in the stocks mentioned above. The Motley Fool owns shares of Best Buy and RadioShack. Motley Fool newsletter services recommend hhgregg. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.