| 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 —...
| 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...
| Jun 14, 2013
| 4:30 AM
Microsoft Corp. and Best Buy Co. are teaming up to create a store within a store.
The Windows Store only at Best Buy, a new concept announced Thursday by the tech giant and the electronics retailer, will sell Windows-based PCs, tablets and accessories...
| Feb 7, 2013
| 8:11 AM
Shoppers trod carefully in January, lured into stores by retailers dangling post-holiday clearance deals but spending sparingly to balance out higher payroll taxes and lingering economic uncertainty.
Same-store sales at major retailers such as...
| 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...
| 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.
| Mar 25, 2013
| 8:49 AM
Best Buy founder Richard Schulze is throwing his support behind the current management, returning as chairman emeritus to the electronics retailer he left in a haze of scandal last year and then tried to buy out.
Schulze is bringing with him former...
| Aug 6, 2013
| 5:00 AM
The home entertainment business is growing again, albeit slowly, despite the fact that people continue to spend less on DVDs.
After years of declines, total consumer spending on movies for home use grew 2% in the first half of the year to $8.63 billion....
| 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...
| 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...
| 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...