Best Buy

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

Business
January 14

Slower growth in smartphones dampens Best Buy's holiday

The retailer saw U.S. same-store sales decline 1.4 percent in the nine-week holiday period.
Business
December 17, 2015

Best Buy hopes faster free shipping will rein in holiday procrastinators

It's part of the retailer's push to boost sales in what is expected to be a tough holiday season.
Business
December 14, 2015
Geek Squad tie pin

Best Buy sends Geek Squad to help travelers at Minneapolis-St. Paul International

A temporary booth at MSP is part of the retailer's plan to grow use of its tech support.
Business
December 9, 2015

Apple Pay, Android Pay — now Walmart Pay

The retailer is planning to use it nationwide in 2016.
Business
November 27, 2015
At the Ridgedale Target in Minnetonka, employees joined for the team huddle before the store opened at 6 p.m. Thursday.

For hard-core holiday shoppers, Thanksgiving is the new king

Families making retail stops an annual tradition as officials say Thanksgiving sales were promising.
Business
November 19, 2015

Coming off a so-so quarter, Best Buy signals challenges for the holiday season

The retailer predicts electronics will struggle over the holidays.
Business
October 31, 2015
A drone on display at Best Buy in Roseville. Ahead of likely regulation, the retailer is educating customers about responsible use.

Holiday buzz over drones as gifts pushes regulators to quick action

"We think it's all going to be about drones and Star Wars" this holiday season, said Julie Guggemos, a Target senior vice president. So does the FAA.
Business
October 22, 2015
During its second quarter, Best Buy earned $164 million, up from $146 million in the same period a year ago.

Best Buy to offer free shipping on all purchases through holidays

Best Buy, the nation's largest electronics retailer, announced Thursday that it will offer free shipping on all items starting Sunday through January 2.
Business
September 26, 2015

Best Buy tests robot at New York store

The electronics retailer this past week began testing a 350-square-foot vending machine on steroids. Inside its glass walls, a robotic yellow arm, which the company named Chloe, retrieves merchandise that customers order from touch screens.
Business
September 8, 2015

Best Buy to open mini-shops inside of 10 Macy's stores

Best Buy, known for adding store-within-a-store to its outlets, is becoming one starting in early November. The retailer will primarily offer Samsung products.
Business
August 25, 2015

Best Buy shatters profit projections in summer months

Best Buy Co. said its fiscal second-quarter profit rose 11.6 percent, far exceeding analysts' forecasts and driven by strong sales in appliances, big TVs and mobile phones.
Business
July 30, 2015

Best Buy's online site becomes outlet for holders of American Express reward cards

Items on Best Buy's website can now be paid for with rewards points stacked up in American Express.
July 15, 2015

Best Buy cancels gift card orders after website glitch

The offer seemed too good to be true — and it was.For at least a couple of hours late Tuesday night, Best Buy's website allowed…
Business
July 1, 2015

Best Buy rolls out mini-shops for Samsung appliances

It will add roughly 200 mini-shops within stores to sell the South Korean firm's appliances.
Business
June 9, 2015
Best Buy CEO Hubert Joly high-fived customers as they entered the store to begin their holiday shopping on Thanksgiving night 2014.

Best Buy CEO Hubert Joly says company is 'confident' about future

CEO Hubert Joly highlights increase in sales, plans for retooling and cuts
Business
May 21, 2015
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, 2015

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, 2015

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, 2015

Best Buy joins trend — no single advertising agency

Crispin Porter + Bogusky will no longer be retailer's main agency.
Business
April 28, 2015

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, 2015
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, 2015
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, 2015

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

Quarterly earnings beat expectations, but Joly warns that growth will slow
Business
February 19, 2015

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, 2015

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.