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.
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.
If one of your goals is to save more money in the New Year, I’ve got a list of things that are historically on sale in January — if you’re not shopped-out from December that is.
Tech gifts are hot this year, and you don’t have to overspend to get some cool products.
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.
As we get ready for that big Thanksgiving meal, many are getting ready for some intense shopping.
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Best Buy Co. said Tuesday its fiscal second-quarter net income fell 30 percent as consumers hit the pause button on buying electronics, particularly TVs and smart phones, while fears about the global economy persist.
Best Buy Co. said Tuesday that it will buy back $5 billion of its common stock and raise its quarterly dividend by 7 percent.
Best Buy Co.’s fourth-quarter net income fell 16 percent as the company restructured and faced weak sales of TVs and other electronics.
Electronics retailer Best Buy says it plans to add 40 to 50 outlets of its Five Star chain in China and will close all nine of its Best Buy-branded stores in the country.
The Minnesota-based company Best Buy is launching its new “Buy Back” program during the Sunday Super Bowl.