A Best Buy store in New York.
Photograph by Spencer Platt — Getty Images
By John Kell
March 4, 2015

Best Buy’s investors are reaping the rewards of a turnaround at the electronics retailer.

The chain has reported two consecutive quarters of growth in U.S. same-store sales, the first time that’s happened in nearly five years. The company also unveiled plans to reward shareholders by raising its dividend and buying back shares.

For their patience, Best Buy’s shareholders are certainly benefiting. The stock has greatly outperformed the broader market since Best Buy brought on Hubert Joly as CEO in 2012.

Best Buy (BBY) has turned around its U.S. operations., shed assets abroad and trimmed expenses to help lift profitability. Those efforts aren’t completely outside-of-the-box thinking. But Joly’s success comes at a challenging time for brick-and-mortar retailers, in particular those that sell gadgets. Circuit City? Gone. RadioShack? Filed for bankruptcy earlier this year. In an Amazon.com-dominated world, Best Buy could have been toast too. But it isn’t.

If Best Buy continues to perform well, it could become another example of a turnaround “success story.” Fortune took a look at four other companies that have pulled themselves out of a deep ditch, often following the arrival of new leadership, new products and a lot of luck. Here they are:


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