Best Buy's Founder Allowed to Pursue Buyout
Best Buy and its founder and former chairman Richard Schulze say they have an agreement that will allow Schulze to pursue his plan to try to buy the nation's largest consumer electronics chain.
Best Buy Stores
Best Buy Still Doesn't Get It
The retailer's latest quarter was another disaster. Revenue rose by less than 2% to $12.1 billion. Earnings, adjusted for a one-time restructuring charge, fell to $0.47 a share, well below both last year's figure and analysts' target. Here's why Best Buy's future isn't going to be any easier than its recent past.
Why Best Buy Will Never Be Great Again
Best Buy has fallen, and good ol' blue and yellow can't get up. Shares hit a two-year low earlier this week, following a dismal quarterly report. And it's no wonder: Best Buy's being beaten by its competitors, and in a sense is even selling itself out of business, offering MP3 players and e-readers that are destined to play content downloaded digitally, not sold at Best Buy.
Buy hhgregg, Sell Best Buy
Every portfolio can use a little refreshing. Why not consider hhgregg, the consumer electronics and appliance retailer that's growing fast at the same time that Best Buy is suffering, battered by the internet?
Best Buy Settles Overcharging Charges
Electronics retailer Best Buy has agreed to pay $399,000 to settle allegations that it advertised lower prices on its website, then charged customers higher prices at some of its stores.
