About 2,000 loss-prevention workers at Best Buy are being moved away from store entrances to help sell more merchandise, Bloomberg reports. A spokeswoman with the troubled Richfield-based big-box retailer says no one is being let go.
Best Buy and its new Chief Executive Officer Hubert Joly are in the midst of trying to turn around the world’s largest consumer-electronics giant after months of declining revenue. Last month, the big-box electronics chain reported its second-quarter net income fell 90 percent.
Founder and largest shareholder Richard Schulze is also trying to take the company private. He reached a deal with Best Buy's board in August to review financial data and present a fully-financed buyout proposal.