Financial
Best Buy Sees Flat Year Ahead
Updated! Absent a resurgence in mobile, Best Buy is anticipating flat revenue this year as gains in appliances, home automation and home theater will likely...
Best Buy
news
Best Buy Pulls Plug On Third-Party Marketplace
Best Buy has discontinued its online Marketplace after five years of operation, citing product overlap, customer confusion, and minimal revenue contribution. In an email...
news
Best Buy Tweaking HQ Ranks: Report
Best Buy has shed several dozen corporate posts but is looking to add about 90 new headquarters staffers, the hometown Star Tribune reported. The...
news
Best Buy Had Ho-Hum Holiday
“Significant declines” in mobile phones, tablets and digital imaging led to a nearly 1 percent dip in Best Buy’s U.S. revenue over the holiday selling...
news
Best Buy Broadens Samsung TV Giveaway
Last week Samsung and Sprint sweetened the Galaxy pot by throwing in free a 32-inch LED HDTV with every new or upgraded subscription and...
news
Sony’s Fasulo On Retail, 4K, High-Res Audio
Mike Fasulo, president/COO of Sony Electronics, was in New York for several days in November for the annual Anti-Defamation League industry dinner and events...
CES-2016
Sony Brings High-Res Listening Stations To Best Buy
Sony Electronics and Best Buy have launched new high-res audio listening stations, available now in nearly 80 Best Buy Magnolia Design Center stores nationwide....
Keeping Current
How Best Buy Avoided Becoming Circuit City
Best Buy, once lagging woefully online, pulled out all the stops to get back in the digital game. “Just a few years ago, Best...
news
On The Scene: Best Buy Tackles Black Friday
It’s here — or, rather, it’s gone. Despite what some have deemed a backlash against stores opening on Thanksgiving, many shoppers still forsake their...
news
Best Buy’s Cyber Monday Ad Leaked
The gremlins are at it again, and have managed to post Best Buy’s Cyber Monday sales circular. In keeping with the day’s digital theme,...
Keeping Current
Best Buy Buoyed By Major Appliances
Best Buy is making up for lost time by building up it appliance business. Long a stepchild to big-screen TVs, the category is now...
Financial
Best Buy’s Q3 Profits Up 17%, But Forecasts A Tough Holiday Season
Best Buy posted solid earnings on soft sales in its fiscal third quarter, but sounded a cautionary note for industry sell-through in Q4. Net...
news
Best Buy Preempts Black Friday Sites By Leaking Its Own Ad
Updated! The ritual and anticipation of Black Friday — the gathering of ad-laden newspapers on Thanksgiving morning to scour the circulars for the next...
news
Vizio Rolls Out Reference TV Line To Magnolia
Vizio announced its recently introduced Ultra HD Reference TV series is available starting today through Best Buy’s Magnolia Design Centers. “Vizio is excited to...
Keeping Current
Best Buy Testing Same-Day Delivery
Same-day delivery has become the new Holy Grail of e-commerce fulfillment, a trend that hasn’t been lost on Best Buy. The No. 1 CE...
news
Best Buy Reignites Its Innovation Engine Under Renew Blue Strategy
Best Buy has never been short on innovation and reinvention. Back in its formative years it rose from the wreckage of a tornado to...
news
Black Friday Watch: Best Buy Offering Free Holiday Shipping Starting Sunday
Best Buy is throwing down the holiday gauntlet by offering free shipping on all online orders beginning Oct. 25, and by staging special in-store...
CES-2016
LG & Best Buy Bring 4K To NYCWFF
What do you get when you mix sauté with 4K? LG and Best Buy teamed up over the weekend to host an event series...
news
Best Buy Showcasing 4K TV In Atlanta Airport
Best Buy has taken its traveling 4K TV roadshow to the penultimate high-traffic destination: the world’s busiest airport. For the last 15 years Hartsfield-Jackson...
news
Meet Chloe, Best Buy’s One-Armed Checkout Gal
It’s 3 a.m., your phone is dead, and you lost your charger in the dance club. What are you to do? Well, if you’re...
news
hhgregg Trying Room Vignettes, Samsung Sections In Florida Stores
hhgregg is taking a different merchandising tack in the Orlando and Tampa markets. Instead of the “wall-to-wall product stacks” common to big-box chains, the...
news
Best Buy Adding Verizon, AT&T To Its Real Estate Stable
Updated! AT&T and Verizon Wireless are the latest tenants at Best Buy. The mobile providers have begun rolling out branded in-store shops to select...
Another View
Best Buy Taking ‘Departments’ To Another Level
News earlier this month that Best Buy will be partnering with Macy’s and operating shops in the department store’s locations is appropriate since the...
news
Best Buy’s Store Reset Raises The Stakes For Brands
While the rest of the entire universe is writing about the Apple pronouncements this week (yes, the entry-level iPhone is still 16GB, for crying...
news
Best Buy Testing CE Shops In Macy’s
Macy’s is dipping its toe back in the CE waters with a limited test of branded Best Buy boutiques within its department stores. Ten licensed...
Industry
Ex-Best Buy Digital Chief Durchslag Named Angie’s List CEO
Scott Durchslag, who led the turnaround in Best Buy’s digital fortunes, was named president/CEO of Angie’s List. Durchslag joined Best Buy in 2012 from...
Financial
Costco’s CE Comps Up In August
Same-store sales of consumer electronics at Costco rose by the mid-single digits in August. The strong dog-days performance during a traditionally slow stretch for...
news
Best Buy Reaches Price Parity With Amazon
Amazon.com has lost what may have been its greatest competitive advantage over Best Buy: pricing. According to a series of price checks conducted by...
CES-2016
Best Buy Tightens Apple Relationship, Expanding Apple Watch, Adding AppleCare
Best Buy is tightening its relationship with Apple. The national appliance/electronics retailer confirmed plans to roll out AppleCare extended-warranty plans in the current quarter...
Financial
Best Buy Sales, Profits Grow in Q2
Best Buy delivered unexpectedly strong Q2 results, riding a fourth straight quarter of U.S. sales growth. Net revenue reached $8.528 billion for the three...
news
Best Buy Will Soon Offer AppleCare
Apple and Best Buy appear to be forging even closer ties. After giving the No. 1 CE retailer first dibs on its smart watch,...
Camcorders
Best Buy Gets First Dibs On 360fly VR Camera
MINNEAPOLIS – 360fly’s long-awaited 360-degree action cam will first take flight at Best Buy. The national CE specialty chain is getting a three-and-a-half-month window of exclusivity...
news
Best Buy To Carry Apple Watch
Minneapolis – Best Buy will be the first national retailer, besides Apple itself, to carry the manufacturer’s line of smart watches. The No. 1...
news
Best Buy, Sony Ready High-Res Music Demos
MINNEAPOLIS — Best Buy will begin rolling out Sony-featured demo areas for portable high-res audio in over 70 stores this fall. The “music stations”...
Appliances
Best Buy Adding Samsung Appliance Shops
MINNEAPOLIS — In its latest move to revitalize its sales floors and share the cost of showroom space, Best Buy has once again partnered...
CES-2016
Ron Boire Named Barnes & Noble CEO
New York – Long-time CE-industry and retail executive Ron Boire has been appointed CEO of Barnes & Noble’s retail and Nook businesses effective Sept....
news
Sprint Eliminates 600kbps Limit On Video Streaming
Overland Park, Kan. – Sprint swiftly reversed course and eliminated a 600kbps speed cap on video streaming in the All-In unlimited plan launched yesterday....
news
Best Buy Gets Another Exclusive Sprint Plan
Overland Park, Kan. – Best Buy and Sprint tightened their relationship with the launch of a second pricing plan available exclusively through the national...
news
Samsung Ties In With Jurassic World
Ridgefield Park, N.J. – Samsung entered into a marketing agreement with Universal Pictures to display clips from the upcoming movie Jurassic World on Samsung...
Financial
Best Buy Q1 Profits Down, U.S. Sales Up
Updated! Minneapolis — A year-ago tax benefit and weak international results contributed to a 72 percent decline in Best Buy’s fiscal first-quarter net earnings, to...
Home Automation
Ring Rolls Out Video Doorbell To Best Buy
Santa Monica, Calif. – Startup Ring expanded distribution of its $199 Wi-Fi Video Doorbell to 434 Best Buy stores in 50 states and unveiled...
news
Best Buy Accepting Apple Pay For M-Commerce Purchases
Updated! Minneapolis — iPhone 6 and 6 Plus users can now pay for their Best Buy purchases using Apple Pay. Effective today, the No....