news
11 Dealers Leading The Appliance Charge
Related: 10 Top Majap Debuts That Deliver Big Dividends No question appliances are hot. Once the bastion of boring “sea-of-white” sales floors, and embodied...
Best Buy
Keeping Current
Best Buy Shares Near All-Time High
Shares of Best Buy are rapidly approaching their all-time high of $56.66 (reached on April 1, 2006). Fueling the momentum is a recent analyst...
Industry
Former Best Buy Music Titan Gary Arnold Dies
Gary Arnold, one of the most powerful retail executives to impact the music industry, succumbed to cancer early yesterday morning. A former executive at...
Keeping Current
FBI Used Best Buy’s Geek Squad To Increase Secret Public Surveillance
Although Best Buy has denied a formal arrangement with the FBI, evidence suggests a close relationship. “Recently unsealed records reveal a much more extensive...
news
Best Buy Builds In-Store Alienware Experiences
Best Buy is teaming with gaming manufacturer Alienware for a new branded vendor shop in 50 of the retailer’s brick-and-mortar locations. The dedicated areas...
news
hhgregg Files Chapter 11
hhgregg is filing for Chapter 11 protection today with plans to restructure. The petitions were filed in the U.S. Bankruptcy Court for the Southern...
Industry
Best Buy’s Hubert Joly: No Plans To Leave For Carrefour
Best Buy chairman/CEO Hubert Joly has squashed reports that he might leave the No. 1 CE retailer to helm Carrefour, the French hypermarket chain....
news
Best Buy Opens Appliance Outlets
For years Best Buy has disposed of open-box, pre-owned, refurbished and clearance items online via eBay, Cowboom (now closed) and Best Buy Outlet. More...
news
2016 Newsmakers of the Year: Big Blue’s Big Green
It was the best of times, it was the worst of times for Best Buy in 2016. The year started off rocky, with the chain...
news
Best Buy Selling Limited Edition Tech Gifts
Just in time for Christmas, Best Buy has released a collection of 13 “special edition” tech gifts for the geek (or Beatles fan) who...
Keeping Current
Best Buy Cuts Holiday Ad Spend By 50%
An analysis of November media buys by Kantar Media shows that Best Buy cut its ad outlays by half year-over-year, as Black Friday disperses...
Keeping Current
Best Buy And Amazon To Carve Up Tech Retail: CEO Joly
After leading Best Buy through five holiday seasons, chairman/CEO Hubert Joly feels confident about Christmas, and foresees a time when CE retail will be...
Financial
Best Buy’s Q3 Profits Soar 55%
Best Buy delivered an early Christmas present to shareholders this morning. The No. 1 CE chain reported a 55.2 percent increase in net earnings,...
news
Best Buy Priming The Black Friday Pump With Early-Bird Deals
Best Buy has made four of its Black Friday deals available today to help whet customers’ appetites for next week’s shopping bonanza. The items...
news
Best Buy’s Tale Of Two Black Fridays
Best Buy has posted video profiles of two customers already camped out for Black Friday. Jarvis Johnson, a Black Friday regular, set up a...
news
Best Buy Spills The Black Friday Beans (Again)
Updated!Best Buy has tipped its game plan for Black Friday — for real this time. After teasing shoppers with 16 of its Black Friday...
news
Gingerbread Made By A Ginger? Best Buy Bringing Don Rickles & Bobby Flay To Holiday Promos
Best Buy released some of its first holiday commercials, and they’re pretty funny. The Holiday Gifting Made Easy campaign will consist of 15...
news
Best Buy Kicks Off 2016 Holiday Season With In-Store Event
The Christmas season will begin on Nov. 5 at Best Buy. That’s when the CE specialty chain will hold a special four-hour event in...
news
Black Friday 2016 Watch: Best Buy & Target To Offer Free Shipping This Holiday Season (Starting Now)
Best Buy revealed it will once again offer free shipping during the holiday selling season, and Target is expected to follow suit. Best Buy’s...
news
Best Buy Embodies The Best In Tech
With Circuit City but a memory and RadioShack on the ropes, Best Buy has become the default standard bearer for specialty CE retail. And...
news
Feds Fine Best Buy For Selling Recalled Products
Best Buy has agreed to pay a $3.8 million civil penalty for distributing and selling 16 CE and appliance models that it allegedly knew...
news
Best Buy Ignites Its Start-Up Selling
Teams with PCH to accelerate products onto sales floors Best Buy is lighting a fire under the pipeline bringing start-up tech to consumers’ homes....
Keeping Current
Why Best Buy Kicked GameStop’s Butt This Earnings Season
Despite operating in similar market conditions, Best Buy came through with its 15th consecutive upside surprise last quarter, while GameStop disappointed Wall Street with...
Home Automation
Best Buy Builds Connected Home Demo In Mall Of America
For the next three weeks Best Buy is calling Minnesota’s Mall of America home, or rather Tech Home. That’s the name given the multi-room,...
news
Sony, Best Buy Adding Hi-Res Music Stations To 250 More Stores
Eight months after placing high-res music kiosks in 82 stores, Sony Electronics and Best Buy are rolling out a second wave of the live...
Financial
Best Buy’s Q2 Earnings Up 21%
Updated!Best Buy’s drive to cut costs and grow its online business was rewarded with a 20.7 percent increase in second-quarter profits and a 15-percent...
news
Happy Birthday Best Buy
Half a century ago this Monday, a CE salesman named Dick Schulze and his wife Sandy opened a local audio shop after remortgaging their...
Keeping Current
Best Buy Tweaking Samsung Mobile Shops
About 160 of the branded in-store shops are marked for closure, while another 250 will be expanded, affecting about a third of Best Buy’s...
Keeping Current
Small Changes Paved The Way For Best Buy’s Big Turnaround
One of Hubert Joly’s first executive actions upon assuming Best Buy’s helm was to modestly expand employee discounts, which helped secure support for the...
news
More On Best Buy’s New In-Home Advisors Pilot
Last week TWICE reported on a Best Buy pilot program designed to drum up business by providing free in-home tech consultations. The retailer is...
news
Best Buy Testing Free In-Home Tech Consults
In an effort to boost its services business, Best Buy is testing a free in-home advice program to help customers overcome their techno pain...
Financial
Best Buy Q1 Earnings Up 76%
Updated! Continued cost-cutting helped Best Buy squeeze out a 75.5 percent increase in profits on flat sales last quarter. But despite exceeding its sales...
news
Best Buy First Retailer To Demo Oculus Rift VR Headset
Best Buy will become the first retailer to provide in-store demos of the Oculus Rift VR headset this Saturday. Beginning May 7, the No....
news
Best Buy Doubles Down On Maytag
Maytag, long a staple of Best Buy’s 177-some-odd Pacific Kitchen & Home premium appliance departments, has joined the majap rank-and-file within 600 of its...
Appliances
LG, Best Buy & Rachael Ray Want To ‘Flip Your Fridge’
LG and Best Buy are once again teaming up for the Earth-friendly “Flip Your Fridge” campaign, meant to motivate consumers to recycle old refrigerators...
news
Best Buy’s Blue Shirts Go For The Green
Best Buy has spent the last year doubling down on its green efforts, aiming to ensure both its facilities and its consumers can be...
news
Geek Chic: Best Buy Squashing The Bug
Best Buy is retiring its fleet of iconic black and white Volkswagen New Beetles, in which Geek Squad techs have tooled around town for...
news
Best Buy Getting In On The Same-Day Delivery Action
Amazon isn’t the only retailer delivering online orders the same day they’re placed. Best Buy, with the help of a Menlo Park, Calif.-based delivery...
news
Cricket Wireless Jumps Into Best Buy, Aaron’s Stores
Prepaid cellular-service provider Cricket Wireless continues to expand its retail distribution with the announcement that 1,300 Best Buy locations and almost 2,000 Aaron’s lease-to-own...
Industry
Best Buy’s Brad Anderson Leaving The Board
Brad Anderson, Best Buy’s onetime president, COO, vice chairman and CEO, is stepping down from his board-of-directors’ duties in June. In an 8-K filing,...
news
First 4K Roku TVs Hit Market With Insignia Launch By Best Buy
The first 4K Ultra HD TVs running the Roku TV smart-TV OS became available today under Best Buy’s Insignia brand, Roku announced. But they...
news
Best Buy CFO Cites Historic Change At The Company
A recent supply-chain initiative at Best Buy will be one for the company’s history books, according to chief financial officer Sharon McCollam, and is...