Schulze To Sell Some Of His Best Buy Stock

Schulze To Sell Some Of His Best Buy Stock

By Steve Smith On Aug 27 2013 - 9:21am




Minneapolis – Best Buy reported in an 8-K filing yesterday that Dick Schulze, chairman emeritus and founder of the chain, plans to sell shares of his personal common stock as part of a pre-arranged trading plan. 

The filing said that the plan was designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the registrant's policies regarding stock transactions.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

 

 

 

Connect

 

PHOTOS

Enjoy the greatest pictures taken from famous shows and events this year.

Current Issue

Webcast

This TWICE webinar,  hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.

 

Best Buy’s Q2 Earnings Rebound

Best Buy’s Q2 Earnings Rebound

By Alan Wolf On Aug 20 2013 - 8:32am




Minneapolis – Best Buy’s second-quarter profits rose over 2,000 percent to $266 million as cost cuts and stabilizing comp sales helped boost the bottom line.

But the company said short-term disruptions from the installation of Samsung and Microsoft in-store shops blunted sales during the period.

 Total revenue slipped 0.4 percent to $9.3 billion and comp sales edged down 0.6 percent for the three months ended Aug. 3.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 


				
			
	
				

By Alan Wolf on Aug 7 2013 - 2:46pm


Need More Store Traffic? There’s An App For That

Best Buy is fighting fire with fire.

The No. 1 CE chain, which has been ceding share to online retailers, has updated its mobile app with a feature that encourages customers to visit its physical stores.

The new “check-ins” component is available to members of the company’s Reward Zone loyalty program, who can receive up to 10 bonus points by launching the program within a geo-fenced area at a compatible Best Buy location.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

LG Delivers 1st OLED TVs To Customers

LG Delivers 1st OLED TVs To Customers

By Greg Tarr On Aug 2 2013 - 4:17pm

LG's 55-inch curved-screen OLED FullHD TV
LG's 55-inch curved-screen OLED FullHD TV


Englewood Cliffs, N.J. – LG proved the naysayers wrong Friday by announcing the deliveries of the first 55-inch curved OLED FullHD TVs to Magnolia customers.

LG officially launched the first 55-inch curved OLED TV through Best Buy’s flagship Magnolia Designer Center showroom last week. But some doubters had said production issues would the manufacturer from delivering the sets to customers for weeks or even months.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

LG Launches Curved 55-inch OLED TV Through Best Buy

LG Launches Curved 55-inch OLED TV Through Best Buy

By Greg Tarr On Jul 23 2013 - 9:08am

Best Buy Home president Mike Mohan (left) and LG marketing senior VP James Fishl
Best Buy Home president Mike Mohan (left) and LG marketing senior VP James Fishler (right) unveil the first 55-inch curved-screen OLED FullHD TV for the North American market Monday.


Richfield, Minn. — LG Electronics officially launched the first curved-screen large-format OLED FullHD 1080p TV at Best Buy’s flagship Design Center showroom store here Monday, ushering into the North American market a technology that some consider to be the holy grail of next-generation displays.

OLED technology has long promised the benefits of ultra-thin panel depths, very low power consumption, a wide color gamut, and the industry’s best black-level and contrast-ratio performances.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

Best Buy Raises $500M

Best Buy Raises $500M

By Alan Wolf On Jul 17 2013 - 8:46am




Minneapolis — Best Buy has completed the sale of $500 million in notes to a dozen investment banks, including Barclays Capital, Citgroup and J.P. Morgan.

The No. 1 CE chain said it would use the cash for general corporate purposes, which could include capital expenditures, funding working capital, stock repurchases, strategic investments and acquisitions, or replacing the $500 million it paid out the day before when a previous series of notes matured.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

Best Buy Besting Walmart, Target At Showrooming

Best Buy Besting Walmart, Target At Showrooming

By Alan Wolf On Jun 27 2013 - 11:28am




Minneapolis — Best Buy is doing a better job of thwarting showrooming than Walmart or Target, a new study suggests.

According a report by market research firm Prosper Insights & Analytics, fewer in-store mobile customers defect to Amazon.com while shopping at Best Buy than they do while visiting Target or Walmart stores.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

Best Buy Completes Sale Of Euro Biz

Best Buy Completes Sale Of Euro Biz

By Alan Wolf On Jun 26 2013 - 10:06am




Minneapolis – Best Buy has completed the sale of its 50-percent interest in Best Buy Europe to its British partner Carphone Warehouse (CPW).

CPW, which also helped Best Buy revamp its now successful mobile business in the U.S., paid $570 million in cash, $123 million in CPW shares, and will pay $39 million in cash and 2.5 percent interest annually for the next two years for Best Buy’s share of the European operation.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

Anderson, Lenzmeier Retain Best Buy Board Seats

Anderson, Lenzmeier Retain Best Buy Board Seats

By Alan Wolf On Jun 24 2013 - 8:53am




Minneapolis – Best Buy shareholders have voted to return former senior executives Brad Anderson and Al Lenzmeier to the board room.

Anderson, the company’s onetime CEO and vice chairman, and Lenzmeier, a past president/COO and co-vice chairman, had reclaimed their director seats in April as part of a reconciliation with founder, majority shareholder and would-be acquirer Dick Schulze.

Alert to All Users of the Disqus commenting system:

Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Heres a URL about the issue:

http://engineering.disqus.com/2014/04/10/heartbleed.html

 

Announcing Windows Stores at Best Buy

Video

Added on 2013-06-13 15:20:00 | Permalink


Announcing Windows Stores at Best Buy

The Windows Store will showcase the full breadth of Windows tablets and PC's, Windows phones, Microsoft Office, Xbox and more, in an immersive, hands on, unique, interconnected environment.




Most Recent

Most Popular

PHOTOS

Enjoy the greatest pictures taken from famous shows and events this year.