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Best Buy Co., Inc.

A collection of news and information related to Best Buy Co., Inc. published by this site and its partners.

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    May 10, 2013 |Story| Los Angeles Times

  1. J.C. Penney woes may persist as Best Buy rebounds

    For a while, J.C. Penney and Best Buy seemed to be doppelgangers.
    For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...

    Tags: Credit Ratings, Richard Schulze, Citigroup Incorporated, Prices, Goldman Sachs Group, Inc.

    2. Apr 30, 2013 |Story| Los Angeles Times

  2. Best Buy leaving Europe to streamline business

    Electronics retailer Best Buy Co. is leaving Europe, selling its stake in a partnership with London telecommunications company Carphone Warehouse Group as it attempts to simplify its operations.
    Electronics retailer Best Buy Co. is leaving Europe, selling its stake in a partnership with London telecommunications company Carphone Warehouse Group as it attempts to simplify its operations. The Minneapolis chain said Tuesday that the boards of both...

    Tags: Economy, Business and Finance, Richard Schulze, Electronics, Companies and Corporations, Joint Ventures

    3. Mar 25, 2013 |Story| Los Angeles Times

  3. Best Buy founder Richard Schulze returns as chairman emeritus

    Best Buy founder Richard Schulze is throwing his support behind the current management, returning as chairman emeritus to the electronics retailer he left in a haze of scandal last year and then tried to buy out.
    Best Buy founder Richard Schulze is throwing his support behind the current management, returning as chairman emeritus to the electronics retailer he left in a haze of scandal last year and then tried to buy out. Schulze is bringing with him former...

    Tags: Amazon.com Inc., Parties and Movements, Economy, Business and Finance, Amy Poehler, Richard Schulze

    4. Mar 1, 2013 |Story| Los Angeles Times

  4. Best Buy takeover bid falls through, earnings show signs of hope

    Richard Schulze, Best Buy Co.’s largest shareholder, missed his window this week to attempt a takeover of the electronics retailer.
    Richard Schulze, Best Buy Co.’s largest shareholder, missed his window this week to attempt a takeover of the electronics retailer. But if its fourth quarter financials are any indication, the struggling company may not need him. Best Buy,...

    Tags: Amy Poehler, Richard Schulze, Quarterly or Semiannual Financial Statements

    5. Feb 26, 2013 |Story| Los Angeles Times

  5. Best Buy cutting 400 jobs to save $150 million

    Struggling electronics retailer Best Buy Co. Inc. said Tuesday that it is cutting 400 employees at its Richfield, Minn., headquarters in an effort to save $150 million.
    This post has been updated. See the note below for details.
    Struggling electronics retailer Best Buy Co. Inc. said Tuesday that it is cutting 400 employees at its Richfield, Minn., headquarters in an effort to save $150 million. Most of the savings won’t come from salaries, according to a company...

    Tags: Amazon.com Inc., Amy Poehler, Richard Schulze, Electronics, Science and Technology

    6. Feb 7, 2013 |Story| Los Angeles Times

  6. Retail sales rise 5.8%, but cold weather and payroll taxes sting

    Shoppers trod carefully in January, lured into stores by retailers dangling post-holiday clearance deals but spending sparingly to balance out higher payroll taxes and lingering economic uncertainty.
    Shoppers trod carefully in January, lured into stores by retailers dangling post-holiday clearance deals but spending sparingly to balance out higher payroll taxes and lingering economic uncertainty. Same-store sales at major retailers such as...

    Tags: Thomson Corporation, Hasbro Inc., Economic Indicator, Companies and Corporations, Quarterly or Semiannual Financial Statements

    7. Jan 11, 2013 |Story| Los Angeles Times

  7. Best Buy holiday sales fall, but online business shows promise

    Struggling electronics giant Best Buy Co. said holiday sales fell despite strong results online and in U.S. stores.
    Struggling electronics giant Best Buy Co. said holiday sales fell despite strong results online and in U.S. stores. For the nine weeks ended Jan. 5, the Minneapolis-based retailer posted revenue of $12.8 billion, down from $12.9 billion in the same...

    Tags: Richard Schulze, Macy's, Electronics, Science and Technology, Holidays

    8. Jan 8, 2013 |Story| Los Angeles Times

  8. Home video revenue stops falling

    Hollywood’s era of plummeting home entertainment revenue is finally over.
    Hollywood’s era of plummeting home entertainment revenue is finally over. After seven straight years of falling returns driven by the collapse of DVD sales, Americans in 2012 spent more money watching movies at home than they did the previous year,...

    Tags: Consumers, Apple iTunes, Redbox, Warner Bros. Entertainment, Inc., DVDs

    9. Dec 14, 2012 |Story| Los Angeles Times

  9. Best Buy extends deadline for founder to make takeover offer

    Struggling Best Buy Co. has agreed to give founder and former chairman Richard Schulze more time to make a takeover bid for the electronics chain.
    Struggling Best Buy Co. has agreed to give founder and former chairman Richard Schulze more time to make a takeover bid for the electronics chain. The agreement allows Schulze, the company's biggest shareholder, to wait until the end of the holiday...

    Tags: Richard Schulze, Electronics, Leveraged Buyouts, Science and Technology

    10. Nov 20, 2012 |Story| Los Angeles Times

  10. Best Buy reports third-quarter loss, slumping sales

    Best Buy Co. reported a significant third-quarter loss Tuesday as the electronics giant struggles with slumping sales and heavy restructuring costs. 
    Best Buy Co. reported a significant third-quarter loss Tuesday as the electronics giant struggles with slumping sales and heavy restructuring costs.  The Richfield, Minn.-based retailer has been fighting to turn around a steady erosion in its business...

    Tags: Amazon.com Inc., Richard Schulze, Electronics, Neiman Marcus, Science and Technology

    11. Jun 3, 2012 |Resource Link| Los Angeles Times

  11. Michael Hiltzik: Enron's Jeff Skilling doesn't deserve a break

    Tags: National Football League, Bank of America Corp., Occupy Wall Street, Mark Zuckerberg, Chicago Hotels

    12. Aug 6, 2012 |Story| Los Angeles Times

  12. Best Buy founder Richard Schulze offers to buy struggling company

    Richard Schulze has offered $24 to $26 a share to buy Best Buy, the teetering electronics retailer he founded in 1966 and helped run for decades before being elbowed out in a scandal this spring.
    Richard Schulze has offered $24 to $26 a share to buy Best Buy, the teetering electronics retailer he founded in 1966 and helped run for decades before being elbowed out in a scandal this spring. Schulze is already the Minnesota company’s largest...

    Tags: Economy, Business and Finance, Richard Schulze, Electronics, Accounting and Auditing, Companies and Corporations

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Best Buy Co., Inc. Photos
Schulze has occupied the chairman's seat a couple times...
(April 9, 2013)
Richard Schulze, Best Buy
Best Buy founder Richard Schulze, shown in 2000, return...
(March 25, 2013)
Best Buy's Richard Schulze returns as chairman emeritus
A shopper views mobile phones at a Best Buy store in Sa...
(January 30, 2013)
A display of mobile phones at a Best Buy Co. store in San Francisco
 » All 254 Best Buy Co., Inc. photos