Best Buy

(credit: Kevork Djansezian/Getty Images)

Best Buy Reports 1Q Loss On Restructuring Costs

Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. Its adjusted earnings beat Wall Street expectations, but revenue fell short as the company faced tough pricing competition during the quarter. Its shares fell in premarket trading.

2013/05/21

Best Buy Selling European Joint Venture Stake

Best Buy is looking to exit Europe, selling its stake in its joint venture there to partner Carphone Warehouse Group PLC in a cash-and-stock deal valued at 500 million pounds (about $775 million).

2013/04/30

Schulze Returns To Best Buy As Chairman Emeritus

Best Buy’s co-founder and former chairman Richard Schulze is returning to the Best Buy fold as chairman emeritus.

2013/03/25

Best Buy 4th Quarter Loss Narrows

Best Buy Co. says its fourth-quarter loss narrowed as it cut costs to offset nearly flat sales during the key holiday quarter. It also says a deadline passed without a bid from its co-founder, Richard Schulze.

2013/03/01

Best Buy Cutting 400 HQ Jobs

Officials with Best Buy, Inc., announced Tuesday they’re cutting costs and eliminating 400 jobs at its Richfield headquarters as part of a restructuring plan.

2013/02/26

Super Bowl Ads Of 2013

If the players weren’t quite battling it out during the Super Bowl, the ads certainly were.

2013/02/03

Best Buy Enlists Amy Poehler For Super Bowl Spot

Best Buy Co. has enlisted actress and comedian Amy Poehler to get its brand message across in a humor-focused spot during the Super Bowl XLVII.

2013/01/23

Wal-Mart Says Its Hiring 100,000 Returning Veterans In Next 5 Years

Starting on Veteran’s Day, an American retailer says it will hire more than 100,000 returning veterans in the next five years.

2013/01/15

Minn. Lawmakers Looking To Tax Downloads

Minnesota lawmakers are looking at putting a new tax on something near and dear to many: downloads.

2013/01/14

Best Buy Shares Jump On Holiday Results

Struggling consumer electronics chain Best Buy said Friday that a key revenue metric declined during the critical holiday season. But its flat performance in the U.S. was better than the past several quarters, and online revenue showed strong growth.

2013/01/11

Good Question: Does Price Matching Really Save Us Money?

Second to the cart, the smartphone might be the most common shopping accessory.

2013/01/08

Target shopping carts sit in the parking lot outside of a Target store in Daly City, Calif. (credit: Justin Sullivan/Getty Images)

Target Unveils Year-Round Online Price Match

Target Corp. said Tuesday that its pledge to match prices of select online rivals this past holiday season is now a year-round promise.

2013/01/08

(credit: Bureau of Criminal Apprehension)

Police Looking For Man In Credit Card Fraud Case

Authorities are looking for a man they believed stole a credit and used it to make purchases at several Twin Cities stores, including the Best Buy in Richfield.

2013/01/03

Beyond Bounds: NFL Journal Entry No. 6 With D’Aundre Reed – Christmas Edition

He stands 6-foot-4-inches tall and weighs 261 pounds, but 24-year-old D’Aundre Reed is a boy at heart.

2012/12/15

Best Buy Shares Fall On Schulze Bid Extension

Best Buy shares fell on Friday after the struggling electronics retailer said it extended the window for co-founder Richard Schulze to make a buyout bid until after the holiday season.

2012/12/14

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