... This low-pressure environment is largely responsible for the large market share Best Buy captured from its competitors, including archrival Circuit City. Best Buy has continued to grow at an impressive rate. The Best Buy brand now has 480 stores, with plans to open more. From 1999 to 2001 the company increased revenues by 20% and Earnings Per Share by more than 50%. Additionally, the company has acquired several companies that it believes can be used to leverage Best Buy's strengths. In 2001 Best Buy purchased Musicland, including its brands of Sam Goody, On Cue, Suncoast, and Media Play. The company has also purchased Magnolia Hi Fi, giving Best Buy and entrance into high-end electronics market. And most recently, the company expanded internationally through the purchase of Canadian retailer Future Shop. Competition Circuit City (CC) Circuit City is a retailer of brand-name consumer electronics, personal computers and entertainment software. The company sells video ...

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