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The Parallels Between Best Buy And Circuit City

|Includes: Best Buy Co. (BBY)

After several decades as the electronics retail leader, Circuit City was forced into bankruptcy as Best Buy (NYSE: BBY) seemed to always be one-step ahead, stealing market share year after year. What was a big part of Circuit City's demise were its management and real estate issues. Circuit City lagged in getting into the gaming market and prematurely dumped its appliance-product segment. Best Buy was on top of the world as Circuit City was closing its doors in 2008, generating some $1.59 billion in free cash flow in the year following Circuit City's demise.

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