Best Buy Co., Inc.

J.C. Penney woes may persist as Best Buy rebounds

2013-05-10 17:47:00

For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...

Best Buy leaving Europe to streamline business

2013-04-30 09:57:00

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...

Civilian CEO moves to modernize military's retail business

2013-03-27 00:00:00

The first civilian to run the military's $10-billion-a-year retail business is working to bring the enterprise into the modern age. The CEO of the Dallas-based Army & Air Force Exchange Service, Tom Shull, is the first retailer to hold the post. It...

Best Buy founder Richard Schulze returns as chairman emeritus

2013-03-25 08:49:00

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...

Best Buy takeover bid falls through, earnings show signs of hope

2013-03-01 09:17:00

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 cutting 400 jobs to save $150 million

2013-02-26 09:12:00

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...

Retail sales rise 5.8%, but cold weather and payroll taxes sting

2013-02-07 08:11:00

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 holiday sales fall, but online business shows promise

2013-01-11 10:45:00

Struggling electronics giant Best Buy Co. said holiday sales fell despite strong results online and in U.S. stores. For the nine weeks ended Jan. 5, the Minneapolis-based retailer posted revenue of $12.8 billion, down from $12.9 billion in the same...

Home video revenue stops falling

2013-01-08 06:00:00

Hollywood’s era of plummeting home entertainment revenue is finally over. After seven straight years of falling returns driven by the collapse of DVD sales, Americans in 2012 spent more money watching movies at home than they did the previous year,...

Best Buy extends deadline for founder to make takeover offer

2012-12-14 08:44:00

Struggling Best Buy Co. has agreed to give founder and former chairman Richard Schulze more time to make a takeover bid for the electronics chain. The agreement allows Schulze, the company's biggest shareholder, to wait until the end of the holiday...

Best Buy reports third-quarter loss, slumping sales

2012-11-20 08:56:00

Best Buy Co. reported a significant third-quarter loss Tuesday as the electronics giant struggles with slumping sales and heavy restructuring costs.� The Richfield, Minn.-based retailer has been fighting to turn around a steady erosion in its business...

Michael Hiltzik: Enron's Jeff Skilling doesn't deserve a break

2012-06-03 01:52:00

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Schulze has occupied the chairman's seat a couple times at the electronics retailer he founded in 1966, retuning in March as chairman emeritus. Hatim A. Tyabji is chairman.

2013-04-09 00:00:00

Best Buy founder Richard Schulze, shown in 2000, returns to the company as its chairman emeritus.

2013-03-25 08:41:08

A shopper views mobile phones at a Best Buy store in San Francisco. The White House threw its support Monday behind a petition calling for consumers to be allowed to circumvent the digital locks that tie their mobile devices to a single network.

2013-01-30 00:00:00