Minnesotans are recycling old gadgets and gizmos like never before
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.