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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
  • 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....
  • 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 —...
  • 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...
  • Microsoft and Best Buy create store within a store

    Microsoft and Best Buy create store within a store
    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...
  • Retail sales rise 5.8%, but cold weather and payroll taxes sting

    Retail sales rise 5.8%, but cold weather and payroll taxes sting
    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...
  • 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 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,...
  • Best Buy founder Richard Schulze returns as chairman emeritus

    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...
  • Home entertainment business grows 2% in first half

    Home entertainment business grows 2% in first half
    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....
  • 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...
  • 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...