Best Buy

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

Business
November 7
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
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
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
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
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
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
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
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
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.
Business
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.
Business
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]7.ai, may have exposed Sears and Delta customer data.
Business
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…
Business
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.
Business
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…
Don't miss
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.
Business
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…
Business
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.