LAS VEGAS-Minneapolis-based Best Buy Co. Inc. yesterday laid out its expectations for the coming year at the Consumer Electronics Show here. The company expects to open 80 to 85 new stores in the US and Canada during fiscal 2004, which begins March 2, 2003, and predicts sales to increase 10% to 12% to roughly $25 billion.

“In fiscal 2003, our Company has increased comparable store sales despite a difficult consumer environment,” says Brad Anderson, Best Buy vice chairman and CEO. “In the coming year, we plan to continue to build our sales by focusing on our core customers. At the same time, we anticipate increasing profit margins by boosting our efficiency, including improvements in our expense rate, speed to market and allocation of capital.”

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