| Aug 26, 2014
| 10:59 AM
Best Buy Co. Inc. said sales fell in its second quarter and will likely keep dropping amid weak demand for consumer electronics products.
The downbeat forecast comes as more shoppers purchase electronic gadgets online rather than from big-box retailers....
| Aug 26, 2014
| 3:04 AM
Reports: August consumer confidence, July durable goods, S&P/Case Shiller home prices for June and 2Q, FHFA home price index for June and 2Q, Redbook and ICSC-Goldman Sachs weekly retail chain sales
Local earnings: None
Other earnings: Best Buy Co....
| Aug 15, 2014
| 2:40 PM
NEW YORK (Reuters) - From American Apparel Inc to Lululemon Athletica Inc , Men's Wearhouse Inc and Best Buy Co Inc , a series of boardroom battles across North America underscore how difficult it can be for companies to part ways with their founders.
| Jan 16, 2014
| 8:16 AM
Best Buy Co. watched its stock plunge more than 27% in morning trading Thursday after announcing poor holiday results that suffered from heavy competition and deep discounting.
The consumer electronics retailer said revenue for the nine weeks ended Jan....
| Feb 27, 2014
| 12:09 PM
Lego: Everything is awesome for toy brick company Lego, which said Thursday that its global sales rose 10% last year even as the global toy market suffered a slight revenue slide.
The Danish company, whose star turn in “The Lego Movie” has...
| Jan 16, 2014
| 5:45 PM
It's not looking pretty for J.C. Penney.
The Plano, Texas, company said this week that it plans to close 33 under-performing stores around the country by early May and shave 2,000 jobs off its books. Chief Executive Myron Ullman called the move —...
| Nov 24, 2013
| 5:00 AM
As the hardiest of shoppers prepare for the annual Black Friday consumption frenzy, many are convinced it's their one shot at a great deal.
But "that's not even close to the truth," said Matthew Ong, senior retail analyst at online personal finance...
| Feb 26, 2013
| 9:12 AM
Struggling electronics retailer Best Buy Co. Inc. said Tuesday that it is cutting 400 employees at its Richfield, Minn., headquarters in an effort to save $150 million.
Most of the savings won’t come from salaries, according to a company...
| May 21, 2013
| 8:00 AM
Best Buy Co. reported a net loss and sliding sales for its first quarter, weakness that the electronics retailer blamed on the costs of its ongoing turnaround and calendar shifts that affected the key Super Bowl selling day.
Investors sent Best Buy...
| Apr 30, 2013
| 9:57 AM
Electronics retailer Best Buy Co. is leaving Europe, selling its stake in a partnership with London telecommunications company Carphone Warehouse Group as it attempts to simplify its operations.
The Minneapolis chain said Tuesday that the boards of both...
| Mar 1, 2013
| 9:17 AM
Richard Schulze, Best Buy Co.’s largest shareholder, missed his window this week to attempt a takeover of the electronics retailer.
But if its fourth quarter financials are any indication, the struggling company may not need him.