Circuit City Trusted the Spreadsheet. Best Buy Trusted the People. Only 1 Survived

Companies racing to replace people with AI may be repeating the same mistake that destroyed Circuit City. Former Best Buy CEO Hubert Joly explains why.

Companies racing to replace people with AI may be repeating the same mistake that destroyed Circuit City. Former Best Buy CEO Hubert Joly explains why.
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during a Bloomberg Television interview in New York, US, on Tuesday, April 7, 2026. Michael Nagle | Bloomberg | Getty Images New York Federal Reserve President John Williams said Tuesday that he doesn’t see additional rate hikes in 2027 after…
Home Awards Award Winners Best Treasury and Cash Management Banks 2026 | Africa Growing regulatory and data demands spur improved performance. Financial institutions are fast-tracking the rollout of digital treasury tools as African markets grapple with growing regulatory hurdles and a need for instantaneous data. The winners of our Best Treasury & Cash Management Providers…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways The innovation frontier is shifting from software to physical infrastructure — energy transition, supply chain resilience, advanced manufacturing, and climate adaptation — and the Gulf South, with 40%+ of U.S. crude oil production, half of U.S. refining capacity, and major LNG, aerospace, and defense corridors,…
Many companies can’t put a number on what artificial intelligence does for their productivity. Chewy has one. Chewy CEO Sumit Singh said on the company’s second-quarter earnings call that Chewy expects AI to reduce its costs by about $50 million in fiscal 2027, up from the low tens of millions of dollars this fiscal year….
Patient investing has driven the number of ISA millionaires – those with £1 million or more held in their ISAs – to a record high of 7,730 in the latest tax year. The figures, revealed in a Freedom of Information (FOI) request sent to HMRC by savings and investment app Plum, mark an increase of…
It’s easy to forget about this during the day-to-day rush of following stock market news, but buying stocks is (hopefully, for most people) a long-term game. If you’re putting your hard-earned money at risk in the stock market, it’s best if you don’t need that money back right away. Hopefully, you’re not investing emergency savings…