Analysis: Wanted at Best Buy: An outsider with gumption

NEW YORK (Reuters) - In order to regain Wall Street's confidence, Best Buy Co Inc (NYS:BBY - News) will likely have to pick an outsider to run the world's largest consumer electronics retailer for the first time in its 46-year history.


While lawyers and a board committee are investigating allegations of personal misconduct that led to the abrupt resignation of Best Buy Chief Executive Brian Dunn earlier this week, investors, analysts and retail consultants are focusing on the search for his replacement.


They want to see a fresh face at the retailer, which has lost many of its customers to Inc (NSQ:AMZN - News) and Wal-Mart Stores Inc (NYS:WMT - News), which are often able to offer cheaper prices on gadgets.


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