Best Buy

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

Business
May 21
A salesperson demonstrates the selfie features on the new Samsung Gala...

Smartphones, TVs push Best Buy to better-than-expected profit

Strong sales of TVs, appliances and smartphones drove Best Buy Co. to better-than-expected results in its first quarter, offsetting slower sales of computers and tablets.
Business
May 19

Schafer: No need to 'transform' Target; just run it better

Target’s executives on Wednesday morning will have no choice but to update shareholders and analysts on the company’s “transformation.” If they don’t do it upfront,…
Business
May 19

Best Buy teams up with Cole Haan on smartphone cases for men

It’s part of the retailer’s push into the fashion world of electronics, this time for men.
Business
April 28

Best Buy joins trend — no single advertising agency

Crispin Porter + Bogusky will no longer be retailer’s main agency.
Business
April 28

Best Buy CEO Hubert Joly made nearly $8 million

CEO Pay Watch Best Buy Co. Inc.Hubert Joly, chairman and CEOTotal compensation: $7,983,336 for the year ended Jan. 31Salary: $1,175,000Non-equity incentive pay: $3,078,500Other compensation:…
Business
April 13
Hubert Joly

Best Buy adds board chairman to Hubert Joly's title

The current chairman, Hatim Tyabji, is stepping down from the board.
Business
March 28
Patrons peer into the windows of a Future Shop location in St. Cathari...

Best Buy closes 66 Future Shops, consolidates Canadian operation

Best Buy will stop using the Future Shop brand in its Canadian operation, closing 66 stores and renaming 65 others, the company said Saturday. The move, part of a $200 million revamping of store and digital operations in Canada, will result in 1,500 job losses.
Business
March 4

After strong 4Q, Best Buy signals new cost-cutting phase

Quarterly earnings beat expectations, but Joly warns that growth will slow
Business
February 19

Best Buy opening Seattle tech office, hiring 50+

The office, which will focus on bolstering e-commerce and mobile platforms, will initially employ more than 50 people.
Business
February 12

Best Buy banks on gadgets for wedding registries

Best Buy wants to be that something blue in your wedding. The Richfield-based electronics retailer is leaping into the lucrative wedding industry by launching a gift registry service.
Business
January 30
Stars collide as Pop/R&B sensation, Justin Bieber and Rock legend, Ozz...

Best Buy shifts from Super Bowl ads to digital marketing

Emphasis on digital marketing coincides with the hiring of a new chief marketing officer.
Business
January 25

Technology changes, but TV appetite stays front and center

The week leading up to the Super Bowl, the most-watched TV event of the year, is also often one of the biggest for TV buying.
Business
January 16

Best Buy reports merry holiday sales, beating its forecast

But a subdued forecast for the coming year sent its shares down 14 percent.
Blogs
January 14

Best Buy's website had glitches for hours today

The website would not allow customers to buy items, but said "coming soon" where it usually has an "add to cart" button.
Business
January 8

Best Buy taps Desjardins to run credit cards in Canada

Best Buy Co. Inc. is shifting the management of its branded credit-card portfolio in Canada from Chase Canada to the Desjardins Group, a large financial…
Local
December 17, 2014
FedEx employees, including Marcell G. Haythorne, center, move packages...

Retailers seek to be faster than Santa with deliveries

Big stores are trying to reel in procrastinators with deadlines that are just as late — and even later, in some cases — to order items expected to arrive by Christmas.
Blogs
December 12, 2014

Best Buy apologizes for tweet about murder case at heart of hit podcast Serial

Best Buy deleted the tweet following criticism that it was insensitive.
Business
December 9, 2014

Best Buy will look for other paper suppliers after Greenpeace report

Best Buy Co. Inc. says it will shift business away from a Canadian firm that supplies the paper for its weekly circulars and will seek…
Business
December 9, 2014

Best Buy offers free 2-day shipping to lure holiday shoppers

In an aggressive promotion to try to compete online, it’s offering free two-day delivery.
Business
December 4, 2014

April 30, 2013: Best Buy sells its stake in European joint venture

The Richfield-based consumer electronics retailer said it will sell its 50 percent stake in Best Buy Europe to Carphone Warehouse, its joint venture partner, for about $775 million in cash and stock so that it can concentrate on fixing its core business in the United States.
Business
December 4, 2014

May 9, 2013: Best Buy hires new CEO for its China business

Meng “Max” Zhou will oversee the Five Star electronics business.
Business
November 29, 2014

Surge in mobile traffic crashes Best Buy's site twice

The electronics retailer’s misstep comes on a weekend of record online traffic. Kohl’s, Topshop also had Web glitches.
Business
November 28, 2014

Shoppers, CEOs excited for hours-early jump on Black Friday

Despite temperatures that dropped into the single digits Thursday night and overnight snow around the Twin Cities, throngs of shoppers still lined up outside of stores in the earliest start yet to the Black Friday shopping bonanza.
Business
November 27, 2014

How a Best Buy manager prepares for Black Friday

With a pep rally and drill, Best Buy got ready for its big Thanksgiving night.
Business
November 21, 2014

Best Buy's third-quarter surprise: Sales growth

Best Buy Co. this morning reported third-quarter profit sharply above expectations and a gain in revenue, continuing a string of better-than-expected results from major U.S. retailers during the late summer and early fall.