best buy

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.

Why Best Buy and Microsoft Are Teaming Up

Microsoft is planning to open 500 store-within-store locations in Best Buys across the country. Here's how these two struggling brands could help each other out.

America's 9 Most Damaged Brands

Reputations are among the most prized assets major corporations have, and they can fall as fast and as hard as they have climbed. These are America's nine most damaged brands.

The 8 Retailers That Will Close the Most Stores in 2013

After years in an unsteady economic climate, being battered by e-commerce on one hand and more effective bricks-and-mortar competitors on the other, these eight chains need the relief that shrinking can provide. And this year, that's exactly what they'll get.

This Christmas, Americans Prefer Microsoft Surface to Peace, Happiness

'Tis the night before Christmas, and all through the house, last minute shoppers are panicking. What do you still have time to get your loved ones that they'll actually want? A new survey sheds some light, revealing what people actually desire more than traditional holiday intangibles like goodwill towards men.

Struggling Best Buy Deletes Email Option From Customer Service

Best Buy is in a tailspin, but its new CEO, Hubert Joly, has been touting a plan to revitalize the consumer electronics retailer's fortunes through an emphasis on great customer service. So why, we wondered, did it just eliminate one of its customer service contact options?

Five Big Surprises from Black Friday and Cyber Monday

Black Friday and Cyber Monday, the two most heavily hyped shopping days of the season, are behind us: Online retail sales were fantastic, and Amazon and Walmart had nice weekends. But anyone could have predicted that. Here are a few results of the big shopping weekend you probably didn't see coming.

Best Buy's Stock Price Falls to a Millennium Low

Best Buy shares were crushed on Tuesday after another disappointing quarter, hitting prices that the consumer electronics giant's investors hadn't seen since the 1990s. Here are some of the reasons why Best Buy has fallen to a millennium low -- and why things may get worse.

Black Friday Sales: Your Big Guide to Deals, Stores and Times

Black Friday sales circulars for several major retailers are already out online, and the deals look tempting. And at some chains, you won't even have to wait until Friday. We'll update as we learn more, but here's the scoop on the deals and sale times that we know so far.

Would You Buy a Best Buy Brand Tablet?

If you can't beat 'em, you may as well join 'em. That's Best Buy is reportedly doing in the tablet computer game. A source is telling Reuters that the struggling consumer electronics retailer will roll out its own Android-based tablet next month: the Insignia Flex.

Quebec to Big Retailers: Frenchify Your Signs

Walmart and several other leading North American retailers are going to court to fight orders from the Quebec Board of the French Language that their outdoor signs be modified in order to appear "more French."

This May Be Best Buy's Last Hope

Best Buy founder Richard Schulze apparently isn't giving up on his dream of taking back his company. Reuters reports that Schulze and a consortium of at least four private equity firms are studying the struggling consumer electronics retailer's books to explore what sources say may be an $11 billion buyout.

How to Profit From the Decline of DVDs: 3 Stocks and 1 Idea

Disney just released this summer's blockbuster "The Avengers" for the home market, and it's likely to sell a ton of DVDs. But if it does, it'll be a rarity: DVD sales have been slowing for years now. That's bad for Hollywood, but it could be financially good for you.

Best Buy's Founder Allowed to Pursue Buyout

Best Buy Co 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 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.

Stocks Open Above 4-Year Closing Highs

Major stock indexes inched above four-year closing highs in early trading Tuesday. The Dow Jones industrial average was up 50 points at 13,321 shortly after 11 a.m. EDT. The broader Standard & Poor's 500 index rose six points to 1,424.

Best Buy Buyout Is No Sure Thing

Shares of Best Buy soared Monday after founder Richard Schulze said he wanted to buy the company. In private hands, Best Buy would be able to attempt a turnaround outside of the public limelight, but it won't be easy to get to the fairy tale ending.

Best Buy Founder Offers to Buy Retailer, Take It Private

Best Buy's founder said Monday that he wants to take the electronics retailer private by buying up all of its shares he doesn't already own in a deal that values the company at as much as $8.84 billion. The news sent Best Buy shares up 24 percent in premarket trading.

Can a New Guy Save Best Buy?

Best Buy reported another pretty dismal quarter last week, but some investors got excited anyway. Interim CEO Mike Mikan headed up the conference call for the first time and talked some interesting turnaround strategy for the retailer. But should the market buy any of it?

The 10 Fastest Dying Industries in America

The rise of cheap imports, technological advancements and the financial crisis have collectively delivered harsh blows to many U.S. industries. IBISWorld is out with a list of 10 American industries that have been hardest hit.