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.
The founder of Best Buy reportedly is close to making a formal offer of $5 to $6 billion for the Richfield-based electronics retailer.
Dropping his head, fixating on a random spot on the locker room carpet, you can’t ignore the visible frustration D’Aundre Reed exudes.
Joe Geary has been camping out for Black Friday for 15 years.
Thanksgiving is coming earlier this year and so are the Black Friday deals. Some stores are opening up Thanksgiving night for eager shoppers.
People are already lining up for holiday shopping deals. Yes, already. At the Best Buy store in Richfield, two tents are up and two anxious shoppers are waiting it out.
Best Buy’s website is up and running at full capacity following a glitch Monday that aggravated loyalty program customers getting an early shot at Black Friday deals.
Best Buy Co. reported another dismal quarter on Tuesday, recording a loss in the third quarter, hurt by a continued sales slump and charges related to restructuring. Shares fell more than 11 percent in morning trading to its lowest level in more than a decade.
A Robbinsdale man has been charged in connection with a suspected series of laptop thefts around the Twin Cities metro area. Charges have been filed in Anoka County against 32-year-old Vennie Jerome Williams.
Gaming giant Nintendo is releasing its most-advanced system yet: Wii U. But some anxious gamers have been trying out the new console all night.
Struggling consumer electronics chain Best Buy said Monday that a former Williams-Sonoma executive will become its new chief financial officer beginning Dec. 10.
Weeks before the halls are decked, the deals are already coming out — and Black Friday isn’t for another two weeks.
Target Corp. says it has reached a deal to sell its entire consumer credit card business to TD Bank Group.
Target Corp. says that for the first time it will match prices that customers find on identical products at select online competitors this holiday season.
Best Buy says it has authorized its store staffers to match online prices of competitors in some cases as it heads into the holiday season.
Best Buy said Tuesday that its chief financial officer is leaving, the latest executive departure for the struggling electronics chain. The news comes as Best Buy’s founder and former chairman Richard Schulze mulls an offer for the company.
The holiday season will do more than bring presents to good boys and girls this year.
Best Buy Co. Inc. and its founder and former chairman Richard Schulze say they have an agreement that will allow Schulze to pursue his plan to try to buy the nation’s largest consumer electronics chain.
Best Buy is paying up for a turnaround. Incoming CEO Hubert Joly will take home more than $15 million next year and stands to earn $16.5 million in stock grants over three years on top of salary and bonuses.
Best Buy Co. is reporting a 90 percent drop in net income during the second quarter, dragged down by restructuring charges and weak sales. The company also withdrew its earnings guidance for the year.
Shockwaves first hit at Carlson headquarters in Minnetonka on Friday. That’s when Carlson’s former CEO, Hubert Joly, tendered his resignation.
A life line has been thrown to some of Best Buy’s Geek Squad from an unlikely source. Minneapolis-based Target Stores is beginning a test program with cross town retailer Best Buy.
Best Buy’s founder said Monday that he wants to take the electronics retailer private by buying up all of its shares he doesn’t already own in a deal that values the company at as much as $8.84 billion.
It’s camp season for many kids, but while most of them are outside, a unique one is going on indoors, inside Best Buy’s world headquarters in Richfield.
Best Buy Co. founder Richard Schulze may be considering a bid to take the electronics retailer private, according to a report by the Wall Street Journal.