Now that he’s resigned from the board, there’s speculation that Richard Schulze may try to take Best Buy private.
The founder and outgoing chairman of Best Buy announced his resignation from the board Thursday and said that he may sell off his 20.1 percent stake in the beleaguered electronics retailer.
Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing a turnaround plan.
Best Buy Co.’s fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan. Its adjusted earnings and revenue both topped Wall Street’s expectations.
Most of us are lucky to get two weeks’ pay if we get fired. But when a CEO gets the axe, or resigns to avoid being fired, he or she often walks away with millions in severance.
Disgraced Best Buy CEO Brian Dunn will receive a $6.6 million severance package.
Best Buy founder Richard Schulze has announced he is stepping down. An internal investigation has confirmed a relationship between former CEO Brian Dunn and a female employee.
NEW YORK (AP) – Another executive at Best Buy has left the company. Best Buy says former chief marketing officer Barry Judge is no longer with the Minneapolis company. It says he left to “explore […]
Let’s face it, computers don’t last forever. But how do you know when it’s time to ditch your old computer for something new? Geek Squad agents take these types of questions all the time from customers at Best Buy.
Officials with Best Buy announced Saturday that 42 more stores are closing nation-wide, and one of them is in Minnesota.
Innocent until proven guilty? Maybe not if the defendant is a CEO and the jury is a company’s board of directors.
Best Buy Co. says it is creating a search committee to find a CEO to replace Brian Dunn, who abruptly resigned Tuesday.
Best Buy CEO Brian Dunn abruptly resigned on Tuesday after the embattled consumer electronics chain launched an internal investigation into his “personal conduct.”
Best Buy CEO Brian Dunn is resigning from the nation’s largest consumer electronics retailer, which has been struggling to rebound amid growing competition and changing shopping habits.
Outside Best Buy’s corporate headquarters store in Richfield, you can already see the signs of change: a banner hanging on the wall tells customers to expect something new in the months ahead.
Best Buy Co. said it plans to close 50 big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges, but its adjusted results topped Wall Street’s expectations.
The founder of Geek Squad announced that he’s leaving the company, which was acquired by Best Buy a decade ago.
As much as people use smartphones, the battery can drain fairly quickly. If you want to milk more from your phone’s battery life, there are a few options to consider.
The more we use our smartphones, the more likely it is they can be damaged. But if you accidentally drop your phone in water, you may not have to shell out a lot of money to have it fixed.
As part of a Black History Month, Justice Alan Page was at Best Buy Corporate Headquarters in Richfield on Thursday talking about his remarkable life.
This winter has so far been mild, but drivers will once again have to wait for a freezing car to warm up.
When Richfield-based Best Buy made the news back in December, it wasn’t good. The company had to apologize to thousands of customers after the orders placed after Thanksgiving couldn’t be delivered in time for Christmas.
Best Buy Co. says that weaker than expected traffic until the week before Christmas and low demand in Canada and Europe put a crimp in its December sales.
Best Buy says it won’t be able to fill some customers’ online orders, just days before Christmas.
Electronics retailer Best Buy said Tuesday that its third-quarter net income fell 29 percent as it cut prices in popular categories such as tablets and TVs to drive sales and traffic during the busy holiday season.