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Best Buy

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Weak Electronics Sales Pressure Best Buy

Is America’s love affair with gadgets fading? Best Buy and Sears on Thursday both blamed their weak quarterly results on the fact that shoppers aren’t shelling out for consumer electronics.

05/22/2014

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Best Buy Posts Profit On Cost-Cutting, Tax Benefit

Best Buy says a big tax benefit and cost-cutting pushed it to a profit in its fiscal first quarter. But its sales fell short of expectations, sending its stock lower.

05/22/2014

Cop Gets Kidney From Student, Then Pays The Kindness Forward

We’ve been following the recovery of a Minneapolis police officer who desperately needed a kidney donor, and found one after a two-year search. The donor was 20-year-old Sebastian Rivera, University of Minnesota student who he’d never met.

05/14/2014

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Best Buy Returns To Profit In 4th Quarter

Best Buy returned to a profit in the fourth quarter and topped Wall Street expectations as it cut costs to offset declining sales. The specialty electronics retailer says it gained market share during the quarter and shares jumped 5 percent in premarket trading Thursday.

02/27/2014

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TV Sales Jump Leading Up To Super Bowl Sunday

On Sunday, sports fans will be huddling around a big screen TV to watch the Super Bowl, which could help explain the surge in TV sales this week. The National Retail Federation said around 7.7 million TVs are sold in the week leading up to the Super Bowl, the most popular being 50 inches or bigger.

01/28/2014

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Best Buy Holiday Sales Fall, Shares Skid

Shares of Best Buy sank 27 percent after the company said sales declined during the holiday shopping season, which was marked by weak consumer spending and heavy sales promotions by retailers.

01/16/2014

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Early Bird Deals Add New Tradition To Turkey Day

Turkey Day has become a story of two birds: the kind you eat and the early kind. With fewer shopping days between Thanksgiving and Christmas this year, stores like Target, Best Buy and Toys R Us opened on Thanksgiving night.

11/28/2013

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Best Buy Posts 3Q Profit, Sales Flat

Electronics retailer Best Buy Co. returned to a profit in the third quarter as the busy holiday season revs up. But the company says it expects a tough competitive environment during the holiday season.

11/19/2013

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Target, Best Buy Join ‘Thanksgiving Creep’

More and more stores are announcing that they’ll be open on Thanksgiving, and some will even be opening earlier. It’s a phenomena some call the “Thanksgiving creep.” On Monday, Target announced they would open on 8 p.m. on Thanksgiving – an hour earlier than last year. Another hometown company, Best Buy, will open even earlier, at 6 p.m.

11/11/2013

Happy Thanksgiving

News Click: Stores Open on Thanksgiving

11/08/2013

(credit: CBS)

Best Buy Opening Its Doors At 6 P.M. On Thanksgiving

Black Friday shopping at Best Buy will kick off at 6 p.m. on Thanksgiving, the company said in a release. Stores will then remain open until 10 p.m. on Friday, Nov. 29. Best Buy said customers wanted to shop on Thanksgiving evening last year, so the Richfield-based company is catering to that trend.

11/08/2013

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New CEO Single-Handedly Turning Best Buy Around

Best Buy has a new strategy and is excited about the holiday shopping season. But just 12 months ago, many business analysts wondered if the iconic Minnesota retailer would even survive. The stock was in free fall, the former CEO was accused of having an affair with an employee and was ousted, and the founder of the company was attempting a hostile takeover.

11/06/2013

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Best Cities For Black Friday Shopping

While many other consumers will simply avoid holiday crowds at shopping malls or even wait until Cyber Monday, retail stores across the nation will be buzzing with activity on the day after Thanksgiving. The following are five of the best American cities for Black Friday deals.

11/05/2013

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Good Question: Minnesota & Fortune 500 Companies

It’s a source of pride for many Minnesotans – the number of Fortune 500 companies that call Minnesota home. “We live in an amazing state, so I thought a big percentage were here,” said Diane Anderson, of Minneapolis.

09/25/2013

(credit: Kevork Djansezian/Getty Images)

Best Buy 2Q Net Income Rises On Cost-Cutting

Best Buy’s net income rose sharply in the second quarter, as the struggling electronics retailer slashed costs and worked to make its website more competitive. The nation’s biggest specialty electronics company beat Wall Street expectations and its shares were up 10.5 percent at $33.97, marking a two-year high.

08/20/2013

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