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Richard Schulze

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Top Richard Schulze Articles see all

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  • 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.
  • 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 founder Richard Schulze offers to buy struggling company

    Best Buy founder Richard Schulze offers to buy struggling company
    Richard Schulze has offered $24 to $26 a share to buy Best Buy, the teetering electronics retailer he founded in 1966 and helped run for decades before being elbowed out in a scandal this spring. Schulze is already the Minnesota company’s largest...

    Best Buy's new CEO: Hubert Joly, head of T.G.I. Friday's parent

    Best Buy's new CEO: Hubert Joly, head of T.G.I. Friday's parent
    Best Buy Co. named a new chief executive Monday, proclaiming Hubert Joly -- the current head of Radisson and T.G.I. Friday’s parent Carlson -- as the best bet to save the beleaguered electronics retailer. Minnesota-based Best Buy has struggled in...

    Best Buy profit tanks 91%, stock tumbles to 9-year low

    Best Buy profit tanks 91%, stock tumbles to 9-year low
    Looks like¬†Best Buy Co.’s new chief executive has his work cut out for him, with the electronics retailer’s profit falling 91% and its stock plunging to a nine-year low. The sour earnings report came the day after Best Buy announced Hubert...