Company News Best Buy -

— Best Buy Co., Inc. is undergoing its most significant transformation in years, headlined by a surprise leadership succession and a pivot back to physical store growth after a decade-long contraction. Leadership Change: Jason Bonfig to Lead as CEO

: Barry will remain as a strategic advisor for six months after stepping down to ensure continuity. company news best buy

: Bonfig is expected to leverage his deep relationships with global technology vendors to drive innovation-led growth as the retailer navigates a challenging post-pandemic market. Retail Strategy: Ending the 14-Year Closure Streak — Best Buy Co

In a notable shift, Best Buy confirmed plans to open in 2026, marking its first domestic expansion since 2012. : Bonfig is expected to leverage his deep

Best Buy Enters New Era with CEO Transition and Store Expansion

On April 22, 2026, Best Buy announced that will become the company’s sixth CEO, effective October 31, 2026. Bonfig , a 25-year company veteran currently serving as Senior Executive Vice President of Customer Offering, Fulfillment, and Best Buy Canada, will succeed Corie Barry .