Best Buy

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

Business
September 23

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.
Business
September 20

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.
Business
September 16

Target, Best Buy and even Amazon among retailers who see new power in stores

The approach to invest in the physical seems counterintuitive at a time when the digital onslaught is leading other retailers to shutter hundreds of locations or go out of business.
Local
September 11
In this Monday, May 22, 2017, photo, customers walk out of a Best Buy...

Best Buy to close stores in Blaine, Inver Grove Heights

Best Buy is closing two stores in the Twin Cities — one in Blaine and one in Inver Grove Heights.The Richfield-based retailer will not renew…
Business
August 31
In this Monday, May 22, 2017, photo, customers walk out of a Best Buy...

Best Buy rolls out same-day delivery to more markets, including Twin Cities

Metro area is among 14 added to same-day delivery expansion.
Business
August 29

Best Buy sees best sales jump in 7 years, but CEO warns it's not normal

Best Buy CEO Hubert Joly said the second-quarter results were driven by higher consumer demand for technology products and strong execution of its strategy.
Business
July 27

Best Buy adds Dyson in-store shops to demo vacuums, hair dryers

Customers will be able to try out products such as vacuums, $400 hair dryer.
Business
June 28

Best Buy to roll out expanded displays to highlight Amazon Echo, Google Home

Best Buy moves to command a corner of the market for voice-controlled devices.
Business
May 26

Best Buy is redesigning mobile phone departments in stores and online

To boost sales, the retailer is trying to make it easier for customers to navigate.
Business
May 25
In this Monday, May 22, 2017, photo, customers walk out of a Best Buy...

Best Buy stock soars after better-than-expected earnings

Best Buy CEO Hubert Joly said Best Buy will roll out nationwide later this year an in-home advisors program it has been testing in a handful of markets for about a year.
Business
May 4
Best Buy has contracted with Vivint to carry their internet of things...

Best Buy adds home monitoring to services through Vivint partnership

Vivint monitoring products will be in 400 stores by end of summer.
Business
April 11

HHGregg's demise could help Best Buy

Report says Richfield-based retailer could benefit the most after the firm closes for good.
Business
March 10
Best Buy headquarters in Richfield

Two top Best Buy executives are leaving as roles are realigned

It results in the exit of two leaders, as retailer pursues its new strategic plan.
Business
March 7

Alienware PC gaming displays elbow out Intel in Best Buy stores

Best Buy Co. is changing some prime real estate inside select stores to feature high-powered gaming laptops and desktops.The Richfield-based retailer is swapping out its…
Business
March 4

Best Buy moves from Renew Blue turnaround to growth phase

With the retailer back on its feet, a focus on survival is giving way to growth.
Business
March 1
Best Buy CEO Hubert Joly examine a convertible laptop on the sales floor with sales representative Justus Murphy.

Best Buy CEO declares turnaround phase over, but there are still challenges

The company's stock was down 9 percent in premarket trading though as the company forecast lower sales for the coming quarter as well as lower earnings per share than analysts were expecting.
Business
January 31

Toyota, along with Target and Best Buy, lead fight against border tax

Firms that sell imported goods would be hit hard by the tax.
Business
January 21

Schafer: New tax plan could hobble Target, Best Buy

Big American companies are so good at sidestepping income taxes that many pay nowhere near the statutory rate of 35 percent. One notable exception is…
Business
January 20
At the Ridgedale Best Buy in Minnetonka, CEO Hubert Joly joined employ...

Best Buy's Joly says he isn't leaving after report says he is top prospect for another job

Brazilian newspaper says French retail giant Carrefour has him on a list of potential CEOs.
Business
December 3, 2016

This Christmas, Hatchimals could be bigger than Tickle Me Elmo

Retailers and analysts say they have not seen consumers this enthusiastic about a toy since Tickle Me Elmo.
Business
November 25, 2016
The Target in Eden Prairie was busy Thursday night as shoppers there made their way past big screen TV deals placed in the clothing section.

Retailers have high hopes as Black Friday kicks off

While the final numbers on Thanksgiving Day traffic won't be in for days, some Twin Cities store managers said the crowds seemed larger.
Business
November 21, 2016
Best Buy CEO Hubert Joly examine a convertible laptop on the sales floor with sales representative Justus Murphy.

Best Buy CEO Hubert Joly smiling over the retailer's holiday prospects

Best Buy CEO Hubert Joly delights in proving wrong the naysayers who thought Amazon would put Best Buy out of business. To the contrary, he says, there's room in the market for both to win.
Business
November 18, 2016

Best Buy continues to outperform even while Samsung recall dents holiday momentum

The company's stock jumped sharply to its highest level in more than six years.
Business
November 5, 2016

Target, Best Buy can't wait for shoppers to shift out of election mode

Among those who will be cheering this week for the end of this highly contentious and emotionally draining election season are America's retailers, now itching for shoppers to get into the holiday spirit.
Business
October 28, 2016

October: Best Buy's holiday campaign stars Don Rickles, Bobby Flay

The retailer's tagline for the year-end shopping season is "Holiday Gifting Made Easy."