Best Buy

A multi-channel global consumer electronics retailer and developer of technology products and services.

July 24
Matt Bilunas, new chief financial officer at Best Buy

Richfield's Best Buy names Matt Bilunas its next CFO

The 13-year veteran replaces Corie Barry, who was promoted to chief executive last month.
July 25, 2018
Shari Ballard

Executive Shari Ballard is leaving Best Buy

The senior executive vice president said the timing is right while the company is doing well.
July 23, 2018
Best Buy is paring the CDs available at its stores, and removing them altogether from its website.

CDs become bargain bin fodder as sales dwindle, but vinyl on the rise

CDs are on their way out at the nation's largest retailers. But some audiophiles and enthusiasts hang on to them. And they're about half of the revenue at stores like Electric Fetus in Minneapolis.
May 25, 2018
Jackie Nierenhausen and Cong Nguyen (holding his daughter Alaina Nguyen, 2, on his shoulders) walked past Best Buy at the Mall of America on Friday. B

Best Buy to close Mall of America store in August

The electronics retailer, which has been at the giant mall since 2008, will close
May 24, 2018
Best Buy CEO Hubert Joly

Best Buy starts a streak, as same-store sales soar 7.1 percent

The retailer's sales soared, but skittish investors held back as share price tumbled.
May 22, 2018
Best Buy’s Total Tech Support costs $200 a year and offers unlimited phone and online support and discounted in-home visits.

Best Buy expands Geek Squad's role with nationwide 'Total Tech Support'

Best Buy is launching a subscription service that applies to all devices.
May 9, 2018
The company’s new logo.

Best Buy gets new logo and marketing campaign focused on blue-shirt experts

Marketing focuses on blue-shirt experts instead of price guarantees.
May 2, 2018
In recognition of Best Buy’s performance that outperformed some of its peers, the board gave chairman and CEO Hubert Joly an 8.5 percent boost in hi

CEO Pay Watch: Best Buy's Hubert Joly made $22.5 million in last fiscal year

In recognition of Best Buy's performance that outperformed some of its peers, the board gave Joly an 8.5 percent boost in his base salary.
April 19, 2018
Best Buy CEO Hubert Joly and Amazon's Jeff Bezos came together Tuesday to discuss the deal.

Amazon's Bezos calls Best Buy turnaround 'remarkable' as he unveils TV partnership

Deal is the latest project in decade-old collaboration between rival retailers.
April 8, 2018
Best Buy headquarters in Richfield

Best Buy to open first new U.S. store in seven years

The 36,000-square foot store will open in a suburb north of Salt Lake City.
April 5, 2018
Shoppers make their way around the parking lot at the Best Buy store Tuesday, May 23, 2017, in Orange, Calif.

Best Buy says some customers could be affected by data breach of third-party vendor

Same vendor, [24], may have exposed Sears and Delta customer data.
March 22, 2018
Customers try out the new Mate 10 Pro smartphone in a Huawei store in Beijing last fall. (GIULIA MARCHI/The New York Times)

Best Buy to stop selling Chinese firm's phones amid hacking concerns

Best Buy will stop selling Huawei phones and other products from the Chinese manufacturer as U.S. lawmakers and intelligence leaders have raised security concerns about…
March 1, 2018
April 14, 2011- White Bear Lake, MN- : Best Buy has announced they plan to reduce their total retail stores space by 10%, which is a lot. Also, as the

Best Buy closing 250 small-format mobile phone stores

The Richfield-based retailer said the stores have become less profitable and will close them by the end of May.
February 2, 2018
A Best Buy store in Hialeah, Fla.

Tax reform prompts Best Buy to give bonuses, $20M tech training grant

Best Buy is the latest major corporation to hand out worker bonuses and to make additional charitable donations as a result of the recently passed…
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December 17, 2017
Best Buy was able to reopen one of its stores in Puerto Rico on Friday.

Best Buy reopens store in Puerto Rico after months of helping employees recover

More than 100 people lined up outside the store in the Hato Rey neighborhood of San Juan for its grand reopening.
December 11, 2017
Best Buy CEO Hubert Joly serves waffle toppings on Monday to employee Jackie Schlitz, who works in disaster recovery at Best Buy. ] LEILA NAVIDI ï le

Best Buy execs dole out breakfast as retailer barrels into holiday homestretch

Wearing a Santa hat and a big smile, Best Buy CEO Hubert Joly was feeling, well, jolly as he topped off waffles with heaps of…
November 24, 2017
The Mall of America holiday decor provided the perfect selfie backdrop for shoppers. An early report had 2,500 people in lines around the mall to get

Shoppers turn out in force as Black Friday rolls into high gear

Even if the kickoff for holiday shopping has lost some of its frenzy, shoppers turned out in force. And it's become a bigger time for online sales.
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November 21, 2017
Rob Bass, Best Buy’s chief supply chain officer, talked Monday with a driver at the firm’s Bloomington distribution center.

Best Buy's distribution centers work around the clock for holiday sprint

It's show time for retailers, whose logistics will soon be tested by a crush of shoppers. Here's an inside look at Best Buy's preparations.
November 18, 2017
The J.C. Penney store at Rosedale has one of the retailer’s new toy shops. It also has a display of smart home products, electronics and smartwatche

In holiday twist, Best Buy is selling Barbies, while Penney's hawks TVs

Retailers are looking for ways to boost flagging sales and to stop shoppers from flocking to the likes of
November 17, 2017
Best Buy said its third-quarter sales were hurt by slower-than-expected purchasing of smartphones.

Best Buy raises its holiday outlook, but not as much as investors hoped

Electronics retailer tempers expectations for holidays after robust summer and autumn.
November 11, 2017
Target has been making headway on its strategic road map it unveiled in February aimed at reviving its sputtering business.

Target and Best Buy are looking for a merry buying season

Twin Cities retailers set to report third-quarter results this week, displaying if their momentum continues.
November 9, 2017
FILE -- Matt Schlenk and Clara Malikowski got help from Best Buy sales clerk Nia Colebrooke on their TV purchase on Thanksgiving Day in 2016.

Best Buy, other retailers launch Black Friday deals early

Best Buy releases ad showing it will spread the discounts of one day across the entire month.
November 3, 2017
Best Buy customers can shop certain deals with Amazon's Alexa products under a new deal between the companies.

Best Buy partners with Amazon for voice shopping through Alexa

Amazon CEO Jeff Bezos promotes retailer's use of voice assistant as holiday shopping season approaches.
September 23, 2017
Would turning the Twin Cities into a second Amazon company town be good for the region, when Amazon’s growth could come at the expense of a group of

Schafer: Could Amazon steal the Twin Cities' top talent if it expands here?

Complaining about competing against Amazon for workers would make Best Buy and Target look like whiners. But it's clearly an issue.
September 20, 2017
It’s been five years since Best Buy CEO Hubert Joly put a turnaround in motion. Yet the company seems to be acting with a lot of urgency.

Schafer: Best Buy CEO tells investors it's all about the customer experience

Keeping the customers coming back seems pretty fundamental, but in traditional retailing it's easy to get distracted by the store.