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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 21, 2013 |Story| Los Angeles Times

  1. Best Buy earnings slump on turnaround costs, Super Bowl shift

    Best Buy Co. reported a net loss and sliding sales for its first quarter, weakness that the electronics retailer blamed on the costs of its ongoing turnaround and calendar shifts that affected the key Super Bowl selling day.
    Best Buy Co. reported a net loss and sliding sales for its first quarter, weakness that the electronics retailer blamed on the costs of its ongoing turnaround and calendar shifts that affected the key Super Bowl selling day. Investors sent Best Buy...

    Tags: Sports, Science and Technology, Richard Schulze, Electronics, Football

    2. May 10, 2013 |Story| Los Angeles Times

  2. 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: Computing and Information Technology Industry, Prices, Economy, Business and Finance, Moody's Corporation, Richard Schulze

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

  3. 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: Companies and Corporations, Joint Ventures, Science and Technology, Economy, Business and Finance, Restructuring and Recapitalization

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

  4. 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: Companies and Corporations, Amy Poehler, Science and Technology, Economy, Business and Finance, Richard Schulze

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

  5. 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

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

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

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

  7. 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: Economy, Business and Finance, Target Brands, Inc., Earnings Forecasts, Wal-Mart Stores, Inc., Hasbro Inc.

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

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

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

  9. 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: Computing and Information Technology Industry, DVDs, Entertainment, Apple iTunes, Rentals

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

  10. 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: Companies and Corporations, Science and Technology, Economy, Business and Finance, Accounting and Auditing, Richard Schulze

    11. Sep 26, 2012 |Story| Los Angeles Times

  11. RadioShack CEO James Gooch steps down

    Electronics retailers can’t seem to hold on to their head honchos these days, as RadioShack Corp. said its chief executive, James F. Gooch, was stepping down.
    Electronics retailers can’t seem to hold on to their head honchos these days, as RadioShack Corp. said its chief executive, James F. Gooch, was stepping down. Gooch’s departure is effective immediately and the company’s board is already...

    Tags: Companies and Corporations, Economy, Business and Finance, Richard Schulze, Amazon.com Inc., Corporate Officers

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

  12. Michael Hiltzik: Families on food stamps would suffer while farms get fat

    Tags: Bankruptcy, Real Estate, Republican Party, Elections, Same-Sex Marriage

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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 253 Best Buy Co., Inc. photos