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There, the center of the store is a large "Solution Center" desk where customers can ask for help on tech problems. The appliance section is significantly bigger than in most other Best Buy stores. Store workers still wear Best Buy's trademark blue shirts. But most of the signs were white, giving the store a lighter look, and the tallest shelves were chest-high, allowing customers to see from one end of the store to the other. Big TV's are still a big part of the store, but they were mounted just two-high on the walls, rather than the floor-to-ceiling wall of TV's that customers see in most other Best Buy stores. The store also does away with a separate section for musical instruments. At the meeting, Investors were hoping for an update on the company's search for a permanent CEO or an update on the company's restructuring plan, which involves closing 50 locations, cut 400 corporate jobs and trim $800 million in costs. But that was not given. Also not in attendance was founder Schulze, who has said he is exploring options for his 20 percent stake, leading some to speculate he might bid to take the company private, or sell to a private equity company. Shares of Best Buy fell 82 cents, or 4 percent, to $19.48 in late afternoon trading. The stock is down about 13 percent since the beginning of the year. Roughly 170 shareholders and employees attended the meeting in the auditorium at the Best Buy headquarters in Richfield. Also on Thursday, Best Buy raised its dividend a penny per share to 17 cents, payable on Oct. 2 to shareholders of record as of Sept. 11.
[Associated
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