You are browsing the archive for Best Buy.

Best Buy to match some rivals’ online pricing

October 12, 2012 in Grand Forks Herald

Best Buy said Friday that it has authorized its store staffers to match online prices of competitors in some cases, as it beefs up service offerings as the all-important holiday season kicks off.
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Best Buy hires Hubert Joly as new CEO

August 20, 2012 in West Central Tribune

NEW YORK (AP) Best Buy Co. has tapped Hubert Joly, the former head of global hospitality company Carlson and turnaround expert, as the nation’s largest consumer electronics chain’s new CEO and president. Continue Reading

Best Buy hires Joly as new CEO

August 20, 2012 in Grand Forks Herald

Best Buy Co. has tapped Hubert Joly, the former head of global hospitality company Carlson and turnaround expert, as the nation’s largest consumer electronics chain’s new CEO and president. Continue Reading

Schulze presses Best Buy in quest for takeover

August 16, 2012 in Grand Forks Herald

Best Buy Co. co-founder Richard Schulze said Thursday that he is committed to his offer for the electronics retailer and has heard from a number of private equity firms prepared to make “significant commitments.” Continue Reading

Best Buy founder offers to buy company, take it private

August 6, 2012 in Grand Forks Herald

Best Buy’s founder said Monday that he wants to take the electronics retailer private by buying up all of its shares he doesn’t already own in a deal that values the company at as much as $8.84 billion. Continue Reading

Report: Best Buy founder may seek buyout deal

June 26, 2012 in Grand Forks Herald

Best Buy’s founder Richard Schulze may be considering a bid to take the electronics retailer private, according to a report by the Wall Street Journal. Continue Reading

Best Buy raises dividend

June 21, 2012 in Grand Forks Herald

Best Buy says it is raising its dividend by a penny per share to 17 cents. The move comes about two hours ahead of its annual shareholders’ meeting where it is expected to provide details on its turnaround plan. Its shares rose 18 cents to $20.49 in premarket trading. Continue Reading

Electronics giant, Best Buy, considers sales refocus

April 28, 2012 in Grand Forks Herald

Best Buy hates being called “Amazon’s showroom.” Yet oddly, that insult may reveal a path forward for the struggling electronics giant. Some analysts think Best Buy’s long-term future might rely on turning its business model upside-down. Instead of specializing in selling electronics gear, it could gradually refocus its consumer-electronics business on everything but: instruction, service, support, connections, returns, pickup all tricky things to do online. Continue Reading

Best Buy announces locations for store closings: 6 in Minnesota, none in N.D.

April 14, 2012 in Grand Forks Herald

Best Buy on Saturday announced the locations of 50 stores that it is closing this year, including seven in California, six in Illinois and six in the company’s home state of Minnesota. Continue Reading

Best Buy to cut costs, open and close stores

March 29, 2012 in Grand Forks Herald

Best Buy Co. said it plans to close 50 big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges, but its adjusted results topped Wall Street’s expectations.
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