Best Buy

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

Business
February 22
Shoppers looked for deals on PS4 and Xbox at the Best Buy Richfield Best Buy store on Thanksgiving. The holiday electronics sales boom is expected to

Best Buy well-positioned to benefit from growth in electronics sales — if it happens

Consumer electronics could have a banner year, barring roadblocks.
Business
February 4
Best Buy CEO Corie Barry greeted employees at the Richfield Best Buy store before it opened on Thanksgiving night for Black Friday sales.

Best Buy board says it stands by CEO following investigation

The board said it would have no further comment to preserve the "confidentiality and integrity" of the process.
Business
January 28
Best Buy CEO Corie Barry greeted employees at the Richfield Best Buy store before it opened on Thanksgiving night for Black Friday sales.

Former colleague accused of affair with Best Buy CEO denies allegations

Allegations about firm's CEO under investigation.
Business
January 24
Best Buy's stock has not been affected much by allegations that CEO Corie Barry may have had an inappropriate relationship.

Investors take wait-and-see approach during Best Buy's investigation into CEO's conduct

Company's stock dipped after allegation against CEO, but has rebounded strongly.
Business
December 21, 2019
“We will continue to build out Target Plus, but we’re going to do it in a really thoughtful, disciplined way,” said Rick Gomez, Target’s chief

Nearly 100 sellers hawk 250,000 products through Target Plus marketplace

The Minneapolis-based retailer said it will be more selective than its competitors in what it offers.
Local
November 28, 2019
Shoppers looked for deals on PS4 and Xbox at the Richfield Best Buy store just after it opened at 5 p.m. Thursday. Nov. 28.

Target, Best Buy set to paint the day black

In her first Black Friday as CEO of Best Buy, Corie Barry made a point of trying to shake every employee’s hand as a line…
Business
November 26, 2019
Best Buy sales consultant Jon Hollywood talked with customer Josh Watson, left, who was visiting from Midland, Michigan, about television options.

Best Buy, on strong financial footing, has its holiday playbook set

Richfield-based electronics retailer raises profit outlook for year.
Business
November 23, 2019
Target’s winning strategy includes remodeling stores and product differentiation, which involves introducing new in-house brands like sleepwear.

Target, Best Buy poised to rule retail leading into the holidays

It's a stark reversal from earlier this decade, when many questioned whether Minnesota's two big-box chains would withstand Amazon.
Business
November 7, 2019
Best Buy has started holiday pricing.

Best Buy rolls out hundreds of Black Friday deals through Sunday

Best Buy is making hundreds of the deals from its Black Friday ad available through Sunday, including Apple doorbusters such as saving up to $300…
Business
November 5, 2019
Jackie Nierenhausen and Cong Nguyen, with 2-year-old Alaina, on his shoulders, passed Best Buy at the Mall of America on May 2018 before it closed.

Best Buy has closed 18 stores, but physical locations still key to strategy

The moves are part of the Richfield-based electronic chain's annual churn as it re-evaluates its store portfolio as leases come up for renewal.
Business
October 29, 2019
Best Buy is launching a scholarship program to extend the services offered at through its Teen Tech Centers, like this one photographed in Minneapolis

Best Buy sets up $2.5 million endowed scholarship at the U

The scholarship will fund higher education for teens who studied at its tech centers.
Business
October 22, 2019
Best Buy will offer one-day delivery on thousands of items. (Dreamstime/TNS)

Best Buy joins growing number of retailers offering free next-day delivery

Retailer says its offer will apply to 99% of customers making purchases online.
Business
October 18, 2019
Best Buy employees will still wear the company's signature blue shirts but will now be able to wear jeans.

Best Buy relaxes dress code to allow store employees to wear jeans

Associates will still wear the signature blue shirts, but they won't have to tuck them in.
Business
September 25, 2019
Best Buy CEO Corie Barry, shown in April, rolled out the retailer’s five-year plan to expand its home-tech services at an investor meeting in New Yo

Best Buy sees customers' homes as its next frontier

The Richfield-based retailer wants to grow its business helping people use and increase their technology purchases.
Business
September 23, 2019
The lease-to-own program has brought new customers to Best Buy stores, said CEO Corie Barry. Above, shoppers waited in line to buy TVs at an early Bla

Best Buy expands lease-to-own program, joining growing number of retailers

But Minnesota law bars lease-to-own program for credit-challenged shoppers.
Business
August 29, 2019
Best Buy faces uncertainty in the face of the U.S. trade war with China.

Tariff concerns sink Best Buy's shares as company works to mitigate effect

Investors have been worried about how new rounds of tariffs to go into effect in upcoming months will affect Best Buy.
Business
July 24, 2019
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.
Business
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.
Music
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.
Business
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
Business
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.
Business
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.
Business
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.
Business
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.
Business
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.