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PEBSL000948

A collection of news and information related to Richard Schulze 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: Football, Science and Technology, Electronics, JC Penney Company Inc., New Products

    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: Credit Ratings, Goldman Sachs Group, Inc., Economy, Business and Finance, Moody's Corporation, Kohl's

    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: Restructuring and Recapitalization, Science and Technology, Companies and Corporations, Electronics, Economy, Business and Finance

    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: Amazon.com Inc., Science and Technology, Companies and Corporations, Parties and Movements, 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: Quarterly or Semiannual Financial Statements, Amy Poehler, Best Buy Co., Inc.

    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: Science and Technology, Amazon.com Inc., Electronics, Amy Poehler, Best Buy Co., Inc.

    7. Feb 25, 2013 |Story| Los Angeles Times

  7. Barnes & Noble Chairman Riggio plans retail bookstore buyout

    Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth.
    Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth. In a Securities and...

    Tags: U.S. Securities and Exchange Commission, Borders Group Incorporated (MI), Barnes & Noble, The Wall Street Journal, Dell 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: Holidays, Science and Technology, Electronics, Macy's, Best Buy Co., Inc.

    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: Science and Technology, Leveraged Buyouts, Electronics, Best Buy Co., Inc.

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

  10. 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: Amazon.com Inc., Companies and Corporations, Economy, Business and Finance, Corporate Officers, Best Buy Co., Inc.

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

  11. 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: Science and Technology, Companies and Corporations, Accounting and Auditing, Electronics, Economy, Business and Finance

    12. Aug 20, 2012 |Story| Los Angeles Times

  12. Best Buy's new CEO: Hubert Joly, head of T.G.I. Friday's parent

    Best Buy Co. named a new chief executive Monday, proclaiming Hubert Joly -- the current head of Radisson and T.G.I. Friday’s parent Carlson -- as the best bet to save the beleaguered electronics retailer.
    Best Buy Co. named a new chief executive Monday, proclaiming Hubert Joly -- the current head of Radisson and T.G.I. Friday’s parent Carlson -- as the best bet to save the beleaguered electronics retailer. Minnesota-based Best Buy has struggled in...

    Tags: Activision Blizzard, Inc., Electronics, Economy, Business and Finance, Electronic Devices, Science and Technology

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Richard Schulze 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
Richard Schulze, shown in 2001, will have until Februar...
(December 14, 2012)
Richard Schulze (shown in 2001) will have until February to make an offer for Best Buy