EMERYVILLE, CA - JUNE 19: Customers walk into a Circuit City store June 19, 2008 in Emeryville, California. Circuit City reported a first quarter net loss of $164.8 million, or $1 a share compared to $54.6 million, or 33 cents a share one year ago. The retail consumer elctronics chain also announced that it has suspended its dividend in an effort to save money. Getty Images logo Getty Images 17 months ago

EMERYVILLE, CA - JUNE 19: Customers walk into a Circuit City store June 19, 2008 in Emeryville, California. Circuit City reported a first quarter net loss of $164.8 million, or $1 a share compared to $54.6 million, or 33 cents a share one year ago. The retail consumer elctronics chain also announced that it has suspended its dividend in an effort to save money.

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  1. Brian Dunn, CEO of Best Buy, speaks at a media preview of the company's retail outlook for the holidays, Wednesday, Sept. 30, 2009 in New York. Dunn said Wednesday that the nation's largest electronics retailer has gained more share than others since chief rival Circuit City liquidated, but added it still faces tough competition from discounters such as Wal-Mart Stores Inc. and online retailers including Amazon.com during the upcoming holiday season.
  2. Brian Dunn, CEO of Best Buy, speaks at a media preview of the company's retail outlook for the holidays, Wednesday, Sept. 30, 2009 in New York. Dunn said Wednesday that the nation's largest electronics retailer has gained more share than others since chief rival Circuit City liquidated, but added it still faces tough competition from discounters such as Wal-Mart Stores Inc. and online retailers including Amazon.com during the upcoming holiday season.
  3. MIAMI - SEPTEMBER 15: Vannessa Obermaier helps customer Leandro Dacosta (R) as he shops at a Best Buy Inc.'s store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  4. MIAMI - SEPTEMBER 15: Chris Mora shops at a Best Buy Inc.'s store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  5. MIAMI - SEPTEMBER 15: Linnette Gomez helps Lidia Ester as she shops for a computer at a Best Buy Inc.'s store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  6. MIAMI - SEPTEMBER 15: Paulo Dacosta and Leandro Dacosta (R) shop at a Best Buy Inc.'s store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  7. MIAMI - SEPTEMBER 15: Vannessa Obermaier (C) helps customers Paulo Dacosta and Leandro Dacosta (R) as they shop at a Best Buy Inc.'s store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  8. MIAMI - SEPTEMBER 15: (L-R) Maria Auxiliadara, Patricia Bara wait as Maria Vides prepares to pay for a digital camera she was buying at a Best Buy Inc.'s store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  9. MIAMI - SEPTEMBER 15: Oscar Chacony (L) and Frederic Avendano shop at a Best Buy Inc.'s store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  10. MIAMI - SEPTEMBER 15: Best Buy Inc.'s employee Ana Gomez (R) helps Maria Vides as she pays for a digital camera at the store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  11. MIAMI - SEPTEMBER 15: Paulo Dacosta shops at a Best Buy Inc.'s store on September 15, 2009 in Miami, Florida. The U.S. Commerce Department said Tuesday that retail sales rose a seasonally adjusted 2.7 percent last month with the sales of electronics, appliances, department and sporting goods stores helping boast the number along with car sales. Even as Best Buy's fiscal second-quarter earnings fell a bigger-than-expected 22% the company reports that the number of customers visiting their store increased as they continue to gain market share because of the closing of Circuit City stores.
  12. Customers enter a Best Buy store in Alexandria, Virginia, September 15, 2009. Best Buy Co's quarterly profit missed estimates on Tuesday as sales of lower-margin products like notebook computers and promotional efforts to woo shoppers ate into the top U.S. consumer electronics chain's margins. Best Buy, however, raised its forecast for the fiscal year as it saw sales trends improving, customer traffic stabilizing and continued to gain market share after main rival Circuit City closed its doors early this year.
  13. A Best Buy sign is seen on a store in Alexandria, Virginia, September 15, 2009. Best Buy Co's quarterly profit missed estimates on Tuesday as sales of lower-margin products like notebook computers and promotional efforts to woo shoppers ate into the top U.S. consumer electronics chain's margins. Best Buy, however, raised its forecast for the fiscal year as it saw sales trends improving, customer traffic stabilizing and continued to gain market share after main rival Circuit City closed its doors early this year.
  14. Michele Turco leaves a Best Buy store with her purchases in Alexandria, Virginia, September 15, 2009. Best Buy Co's quarterly profit missed estimates on Tuesday as sales of lower-margin products like notebook computers and promotional efforts to woo shoppers ate into the top U.S. consumer electronics chain's margins. Best Buy, however, raised its forecast for the fiscal year as it saw sales trends improving, customer traffic stabilizing and continued to gain market share after main rival Circuit City closed its doors early this year.

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