Best Buy Co Inc said on Monday that two of its board directors had resigned, including one of its former chief executives, almost seven months after its founder, who is now mounting a bid for the struggling retailer, left the board.The departures will leave Best Buy with four vacancies on its 11-member board.The company's fortunes have faltered as consumers increasingly use its big box stores as showrooms for products they end up buying online at Amazon.com Inc and other websites.Best Buy said that G. Mike Mikan, who served as interim CEO between April and September 2012 after former chief Brian Dunn was found to have had an improper relationship with a female employee, had stepped down from the board effective immediately.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail Websites and focuses on selection, price, and convenience. Shares of AMZN traded higher by 2.32% or $5.69/share to $250.87. In the past year, the shares have traded as low as $172.00 and as high as $264.11. On average, 3381510 shares of AMZN exchange hands on a given day and today's volume is recorded at 3419354.
Best Buy Co., Inc. is a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services. Shares of BBY traded higher by 4.96% or $0.56/share to $11.85. In the past year, the shares have traded as low as $11.20 and as high as $27.95. On average, 8721290 shares of BBY exchange hands on a given day and today's volume is recorded at 8208512.
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