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The retail industry is anticipating significant leadership changes this year, with approximately 45 retailers planning CEO transitions in 2025, an increase from the previous year. Best Buy's current and incoming CEOs, Corie Barry and Jason Bonfig, are among those mentioned.
Corie Barry, the CEO of Best Buy, is set to step down from her position. Her departure comes as the electronics retailer faces challenges with stagnating sales performance.
Best Buy has announced that Jason Bonfig will take over as the company's new Chief Executive Officer, succeeding Corie Barry. Bonfig, an internal hire, is set to assume the role in late October.
Corie Barry is stepping down as CEO of Best Buy following several years of modest growth for the retail giant.