By Christina Cheddar Berk, News Editor NEW YORK ( CNBC) -- There has been a lot of criticism of Best Buy ( BBY) in the wake of the unexpected resignation of CEO Brian Dunn, but at least one industry analyst thinks that much of the criticism has been ill-informed and "fact lite." In a blog post on the NPD website, peppered with market share statistics, Vice President of Industry Analysis Stephen Baker lays out the case that Best Buy remains the dominant retailer in its category and is "in the best position" to succeed in the coming years. Best Buy has been doing "pretty well in coping with, and managing, the changes to its business, preserving its legacy strengths while moving as rapidly as possible toward a future of which no one has an exceptionally clear vision," he said.
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Best Buy has lost about a third of its value since its high of $32.85 in June. Dunn's departure in the midst of a probe into allegations of personal misconduct focused a spotlight on the company and its practices, just one factor that lead to the decline. The Minneapolis Star Tribune and other media outlets have reported that the Dunn investigation centers on the alleged misuse of company assets involving an inappropriate relationship with a female employee. The company has declined to disclose the details of the investigation. That story also has reignited allegations first raised by research company Management CV two years ago about favoritism granted to Best Buy founder Richard Schulze's relatives. Schulze remains Best Buy's chairman and the company's largest shareholder, with a 20% stake. Beyond these issues, however, Best Buy continues to face the challenges of its marketplace, and on that point, Baker offers no debate. --Written by Christina Cheddar Berk at CNBC