Electronics retailer Best Buy says Chairman Hatim Tyabji will retire June 9, and President and CEO Hubert Joly will become its chairman.
Best Buy is laying off 500 full-time and 1,000 part-time employees in Canada as it consolidates operations. The Richfield, Minnesota-based company also announced Saturday that it will close 66 of its Future Shop locations and rebranding the remaining 65 as Best Buy stores. The Future Shop website will be folded into Best Buy’s site.
Best Buy Co. (BBY) on Tuesday reported fiscal fourth-quarter earnings of $519 million. On a per-share basis, the Richfield, Minnesota-based company said it had net income of $1.46. Earnings, adjusted for one-time gains and costs, came to $1.48 per share.
Roseville police are searching for two men who robbed at gunpoint a Best Buy mobile store in the HarMar Mall.
Our cold winter temperatures make a lot of things difficult, from travel to just getting the mail.
With only a pair of days still left until Christmas, analysts are already predicting a milestone shopping season for retailers. This past weekend alone added up to the biggest two-day sales period ever, totaling $42 billon. Of course many shoppers aren’t finished yet.
Ring in the holidays with fun, décor and gifts at these festive markets.
The Target store in Roseville opens at 6 p.m. Thursday and shoppers were lined up ready to go. While there are a lot of stores opening early this Thanksgiving, there was one stop we found that had people lining up for days.
Several workers unions in the Twin Cities are planning to kick off a series of strikes and protests on Black Friday, one of the busiest shopping days of the year.
Best Buy says its revenue edged up in the third quarter, a positive sign for the electronics retailer as the holiday season kicks off.
This year the Black Friday stampede will start earlier than ever. Best Buy , Toys “R” US and JCPenney have all announced they will open at 5 p.m. Thanksgiving Day. Target is joining Sears, Kohl’s and Macy’s with 6 p.m. Thanksgiving openings. Last year those four stores opened at 8 p.m.
A snowy Tuesday on the MORNING NEWS WITH DAVE LEE. Click the link above to listen back via Dave’s PODCAST PAGE!
When it comes to holiday shopping, last-minute free shipping can be a saving grace for the procrastinator. “With shopping, I do put things off,” said Maggie McGill of Plymouth. Burned by missed Christmas deliveries last year, more stores plan to make you order early. Of the 92.3 percent of retailers polled who plan to offer free-standard shipping of some sort this holiday season.
Five Minnesotans are among the 400 richest people in America, according to the Forbes 400 list which was released Monday morning. The highest-ranking Minnesotan is former Cargill CEO Whitney MacMillian, who is number 133. The Minneapolis resident and great-grandson of William Cargill is worth $3.9 billion.
Miss something from a Busy HUMPDAY? Click the link above to head to Dave Lee’s Podcast Page.
The world’s largest internet company could be building a distribution center in Minnesota. The Minneapolis/St Paul Business Journal says Amazon is looking to offer same day delivery in the Land of 10,000 Lakes.
A Best Buy employee is accused of using the computer at his Coon Rapids store to dramatically lower prices on high-end electronics.
Today is the day tech geeks and Apple fans the world over have been waiting for. The latest iPhones, the iPhone 6 and 6 plus have hit stores.
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.
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.
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.
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.
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.
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.
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.