Thomas Lee

Home
Bios

Thomas Lee

Reporter | Retail

Phone: 612-673-4113

Thomas Lee covers the retail industry including Target and Best Buy.

Founder Richard Schulze fails in his bid to retake Best Buy

Best Buy founder Richard Schulze failed to make a bid to acquire control of the company, and negotiations for Schulze to return to the board of directors also collapsed.

Updated: March 01, 2013, - 10:03 AM

Best Buy's delay of earnings call fuels buyout speculation

Some investors wonder if Best Buy's last-minute decision to push its earnings announcement back a day means an offer by founder Richard Schulze is imminent.

Updated: February 27, 2013, - 08:41 PM

Best Buy is laying off 400 at its Richfield headquarters

The move is part of an effort to eliminate $150 million in costs as part of CEO Hubert Joly’s “Renew Blue” strategy to boost sales and lower expenses.

Updated: February 27, 2013, - 08:12 AM

Best Buy founder Schulze faces a big decision

After months of high-stakes negotiating and maneuvering, Best Buy founder Richard Schulze must choose his best play.

Updated: February 24, 2013, - 11:59 AM

Best Buy stock soars, boosting cost of Schulze takeover

Best Buy Co.’s stock price has surged 40 percent over the past two months, raising expectations that the electronics giant is gaining momentum and possibly complicating its founder’s efforts to buy it.

Updated: February 20, 2013, - 09:42 AM

Adding clothing sales tax In Minnesota comes with uncertain price

Minnesota is one of only 10 states that don't tax clothing, a policy that is celebrated by local businesses that compete on price and shoppers who want the most for their dollar.

Updated: February 17, 2013, - 06:45 AM

Feb. 15: Target pushes north of the border

Thousands of Canadians already are quite fond of the Minneapolis-based retailer. And that will be a huge advantage for Target as it embarks on its first major push outside the United States.

Updated: February 16, 2013, - 06:32 AM