Hubert Joly

Why Best Buy Will Never Be Great Again

Best Buy shares have nearly tripled this year, and it posted better than expected results last week. But the turnaround that the market's anticipating may not happen at all.

Best Buy 2Q Profit Drops 90 Percent

Best Buy Co. is reporting a 90 percent drop in net income during the second quarter, dragged down by restructuring charges and weak sales. The company also withdrew its earnings guidance for the year.