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Best Buy Co., Inc.

Best Buy Co., Inc.
A collection of news and information related to Best Buy Co., Inc. published by this site and its partners.

Top Best Buy Co., Inc. Articles

Displaying items 12-22
  • The day ahead in business

    The day ahead in business
    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....
  • Corporate founders battle boards to overturn forced exits

    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. In...
  • Best Buy says holiday season disappointing, stock tanks

    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....
  • Retail Roundup: Lego earnings are awesome, J.C. Penney sees profit

    Retail Roundup: Lego earnings are awesome, J.C. Penney sees profit
    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...
  • Are J.C. Penney's turnaround moves wise or foolish?

    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 —...
  • Think Black Friday is best day to get a deal? Think again

     Think Black Friday is best day to get a deal? Think again
    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...
  • RadioShack CEO James Gooch steps down

    RadioShack CEO James Gooch steps down
    Electronics retailers can’t seem to hold on to their head honchos these days, as RadioShack Corp. said its chief executive, James F. Gooch, was stepping down. Gooch’s departure is effective immediately and the company’s board is already...
  • Best Buy cutting 400 jobs to save $150 million

    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...
  • Best Buy earnings slump on turnaround costs, Super Bowl shift

    Best Buy earnings slump on turnaround costs, Super Bowl shift
    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...
  • Best Buy leaving Europe to streamline business

    Best Buy leaving Europe to streamline business
    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...
  • Best Buy takeover bid falls through, earnings show signs of hope

    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. Best Buy,...