Best Buy sheds it self of Musicland; Wallstreet is happy

Grants | Legacy Digitization | Topics | Business & Industry |
June 16, 2003
Jeff Horwich - Reporter
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Eden Prairie-based Best Buy has handed off its nationwide chain of Musicland stores to new management. The Musicland business includes more than 1000 Sam Goody, Suncoast, and MediaPlay stores in all 50 states and Canada. The stores have been losing money for the past year. Best Buy took a substantial corporate loss to get rid of them, but the move was met with glee on Wall Street. Minnesota Public Radio's Jeff Horwich reports.

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Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

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