Best Buy

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

31.03 USD  -0.42 (-1.34%)
Delayed Price  /  Updated: 5:55 PM CDT, Jul 25, 2014  /  Add to My Watchlist      
52 Week High 44.66
52 Week Low 22.15
Volume 2402509
Bid (Size) 2100
Ask (Size) 1600
Today's Range 31.42 - 30.925
Shares Outstanding 348803518
Dividend Yield 0.70

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StarTribune 100

A measure of the largest publicly held companies with headquarters in Minnesota ranked by revenue.

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U.S. warns that Best Buy sold some recalled products

ARTICLE Updated: Jul 26 2014 - 6:43 AM

Best Buy Co. continued to sell or resell 10 products after they had been recalled, according to the U.S. Consumer Product Safety Commission.On Thursday, the agency put out an alert, in conjunction...

Best Buy's Joly is resolute on the issue of online sales taxes

ARTICLE Updated: Jul 20 2014 - 7:11 AM

Hubert Joly doesn’t give many speeches. But when he does, there’s been a recurring theme lately: online sales taxes.Best Buy’s CEO is increasingly using his bully pulpit to push...

Schafer: Retailing's new reality spawns a new metric

ARTICLE Updated: Jul 8 2014 - 8:38 PM

A Wall Street study that looked closely at sales per square foot(print) ranked Best Buy Co. close to the top.How Best Buy feels about this result isn’t known, as it declined to comment. In its...

Best Buy's Joly quits post at Minneapolis Institute of Arts, citing relationship with staffer

ARTICLE Updated: Jul 7 2014 - 10:08 AM

Best Buy CEO Hubert Joly shocked leaders at the Minneapolis Institute of Arts by resigning as the museum’s board chairman on the eve of its centennial year.Joly said he recently began a...

Best Buy shares rose sharply in downbeat week for stocks

ARTICLE Updated: Jun 28 2014 - 6:29 AM

Shares in Best Buy Co. Inc. had their best week of the year, rising nearly 10 percent after a new analyst’s outlook built on improving investor sentiment toward the big electronics retailer.The...

Best Buy's executive compensation plan wins 98% approval

ARTICLE Updated: Jun 13 2014 - 9:02 AM

After balking at how much Best Buy paid its executives a couple of years ago, shareholders are showing increasing confidence in the retailer’s executive compensation plan.At Best Buy’s...

Best Buy sees gains in savings, cost cutting, so it boosts dividend 12%

ARTICLE Updated: Jun 10 2014 - 9:14 PM

Best Buy CEO Hubert Joly took a moment to revel in Renew Blue.As shareholders gathered Tuesday in Richfield for their annual meeting, the man who has been widely lauded for getting the world’s...

Best Buy says hot new products are needed to spur sales growth

ARTICLE Updated: May 23 2014 - 6:09 AM

Best Buy could sure use a fresh iPhone or a hot new PlayStation.Instead, the Richfield-based retailer is up against a product dry spell, which it said nicked sales in the first quarter and is...

Senior executive resigns at Best Buy

ARTICLE Updated: May 5 2014 - 8:50 PM

Jude Buckley has resigned as chief commercial officer of Best Buy Co., where he was in charge of store design and strategies for vendors and wireless carriers, the company said Monday.He is the...

Best Buy signs new store-within-a-store deals with Samsung, Sony

ARTICLE Updated: May 2 2014 - 10:37 AM

Best Buy Co. Inc. said Thursday that it plans a massive expansion of its “store-within-a-store” concept, with Sony opening stores in 350 Best Buy locations and Samsung adding 500 new...

CEO Pay Watch: Hubert Joly, Best Buy Co. Inc.

ARTICLE Updated: Apr 29 2014 - 8:37 PM

CEO Pay Watch Best Buy Co. Inc.Hubert Joly, CEOTotal compensation: $13,970,641 for the year ended Feb. 1Salary: $1,175,000Non-equity incentive pay: $2,514,500Other compensation:...

Best Buy's Joly: Web retailers should collect sales tax

ARTICLE Updated: Apr 16 2014 - 5:21 AM

Best Buy Co. Inc. CEO Hubert Joly on Tuesday urged Congress to force online merchants to collect sales tax from customers, in his most forceful public statement on the matter to date.Joly said the...

Best Buy's Joly calls for Congress to pass Marketplace Fairness Act

BLOG POST Updated: Apr 15 2014 - 4:06 PM

Best Buy CEO Hubert Joly on Tuesday renewed his call for Congress to pass the Marketplace Fairness Act, which would force online merchants to collect sales tax from customers.“We don’t...

Judge defends light sentence in Best Buy fraud case

ARTICLE Updated: Apr 10 2014 - 5:41 AM

A federal judge Wednesday defended his decision not to send the CEO of an Illinois computer parts company to prison for her role in bilking Best Buy Co. Inc. out of as much as $42 million.In a...

Best Buy sharpens its cost-cutting

ARTICLE Updated: Feb 28 2014 - 5:27 AM

After a challenging holiday season, Best Buy Co. says it is getting even more aggressive on costs.The Richfield-based retailer said Thursday that it now aims to top $1 billion in savings as it...

Best Buy job cuts target 2,000 managers around U.S.

ARTICLE Updated: Feb 27 2014 - 6:36 AM

Best Buy Co. Inc. apparently told about 2,000 managers around the United States on Wednesday that they were being laid off, a move that would be the company’s biggest job reduction since July...

Best Buy lays off 950 Canadian workers; no stores closed

ARTICLE Updated: Jan 30 2014 - 9:17 PM

Best Buy Co. Inc. said Thursday that it is laying off 950 of its Canadian employees, the first major cutback since the electronics retailer reported disappointing holiday sales earlier this month.The...

Target.com gets high marks for password security

ARTICLE Updated: Jan 28 2014 - 5:54 AM

Target Corp. may be engulfed in data security issues, but the strength of customer passwords at Target.com isn’t likely one of them.The Minneapolis-based retailer tied for No. 4 in the nation...

Best Buy sheds cloud computing unit to refocus on retail business

ARTICLE Updated: Jan 21 2014 - 9:07 PM

Best Buy appears to be jumping off the cloud.The company said Tuesday that it is selling its MindShift Technologies cloud-computing business to the Japanese firm Ricoh for an undisclosed amount.Best...

Retailers finding booming market buying used electronics

ARTICLE Updated: Jan 20 2014 - 9:52 AM

As electronic devices proliferate, retailers are seeing record numbers of used laptops, smartphones and tablets being sold for quick cash or credit.Best Buy Co. Inc. launched a trade-in program in...

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