Best Buy Shares Slip Amid Sluggish Sales, Weak OutlookBest Buy reported lagging sales in the fourth quarter and delivered a weak outlook as the nation's largest electronics chain grappled with a shortage of popular items like drones and tablets that is expected to continue well into this year.
Trump Meets With CEOs, Including Target's, Best Buy'sHe said tax rates would be lowered and simplified in a "massive" plan that "will be submitted in the not too distant future."
Best Buy CEO: Changes Are 'Resonating With Customers'Best Buy is back, and on a roll. Their stock shot up 15 percent last week following an increase in sales and profits. It is a far cry from where the Minnesota-based company was just three years ago.
Online Sales Help Increase Best Buy 3Q ProfitsHigher demand for mobile phones and online sales helped boost revenue and profit for Best Buy Co. in the third quarter.
Best Buy To Pay $3.8M For Selling Previously Recalled ProductsRichfield-based Best Buy has agreed to pay a $3.8 million civil penalty for distributing and selling previously recalled consumer products, the U.S. Consumer Product Safety Commission (CPSC) announced Monday.
Best Buy, Chase Sign Deal To Offer Mobile Payment In Stores, OnlineChase signed a multi-year deal with electronics retailer Best Buy to offer the bank's Chase Pay mobile payment option in its stores and online.
Best Buy Profits Increase 21 Percent In Q2Best Buy's profit jumped 21 percent as the nation's largest consumer electronics retailer increased sales online and tried to create a better shopping experience in the stores while it also cut costs.
4 Things To Know: Donald Trump Visits Minn., Best Buy Turns 50 & MoreFrom Donald Trump visiting Minnesota to Best Buy turning 50 years old, here is a look at the top four stories from Aug. 19, 2016.
Best Buy Joins Retailers Seeing Declining SalesA strong start to the year from Best Buy was overshadowed by a lengthening string of declining quarterly sales and a pessimistic outlook that added to a chorus of woes from the retail sector.
New York Comptroller: Best Buy & Nordstrom To Pursue RenewablesNew York's comptroller says Best Buy and Nordstrom have agreed to increasingly use renewable energy in their operations and supply chains.
Best Buy Tops 4Q Wall Street Profit ForecastsBest Buy Co. (BBY) on Thursday reported fiscal fourth-quarter profit of $479 million. The Richfield, Minnesota-based company said it had profit of $1.40 per share. Earnings, adjusted for one-time gains and costs, came to $1.53 per share.
Best Buy Reports Weak Holiday Business, Expects 4th Quarter DropBest Buy's shares sank Thursday after the nation's largest consumer electronics chain reduced its sales outlook for the fourth-quarter as it reported weak holiday business in mobile phones and personal devices.