Best Buy says sales soared in its most recent quarter, capping off what it calls a "banner year"

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Richfield-based Best Buy says sales soared in its most recent quarter, capping off what it calls a "banner year". The electronics retailer reported earnings today (WEDS) for the end of its fiscal year. Despite the financial success, in the coming year Best Buy plans to cut jobs, trim costs wherever it can, and roll out a new image to customers. Analysts say it's part of a plan to keep plenty of distance between Best Buy and the world's biggest retailer -- Wal-Mart. Minnesota Public Radio's Jeff Horwich reports. (It was indeed a good year for Best Buy. After years of losing money at its struggling Musicland subsidiary, Best Buy dropped the music stores in June and saw profits jump more than 600 percent.

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