Article: Best Buy's loss is Circuit City's gain as executive switches firms.

By Scott Carlson, Pioneer Press, St. Paul, Minn. Knight Ridder/Tribune Business News

Oct. 19--The recent defection of a high-level Best Buy Co. executive to rival Circuit City marked another instance of the growing battle between America's two largest retailers of consumer electronics.

Circuit City announced Oct. 4 it had hired Philip Schoonover, a former Best Buy executive vice president, as its chief merchandising officer and executive vice president.

A day later, Virginia-based Circuit City unveiled a new credit card loyalty program, taking a page from Richfield-based Best Buy, which recently marked the first anniversary of its "Reward ...

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