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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: Richard Schulze, Electronics, New Products, Sports, JC Penney Company Inc.

    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: Prices, Corporate Officers, Companies and Corporations, Ball State University, Computing and Information Technology Industry

    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: Richard Schulze, Companies and Corporations, Electronics, Restructuring and Recapitalization, Science and Technology

    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: Richard Schulze, Parties and Movements, Companies and Corporations, Corporate Officers, Electronics

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

    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: Hasbro Inc., Nordstrom, Companies and Corporations, Rite Aid Corp., Gregg Steinhafel

    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: Richard Schulze, Electronics, Macy's, Science and Technology, 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: Blu-ray Discs, Electronics, Target, Computing and Information Technology Industry, Entertainment

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

  10. 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

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

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

    Tags: Health, Social Security, Bankruptcy, Mesothelioma, Hewlett-Packard Co.

    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: Richard Schulze, Corporate Officers, Companies and Corporations, Electronics, Apple Store

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