Bad news for Best Buy means deals for shoppers. But don't expect to walk away with the steal of the century on an iPad or brand new 60-inch HDTV.
Best Buy's stock took a dive on Thursday after the retailer reported quarterly results that included plans to close 50 big- box stores in the U.S. by 2013.
The end appears near for LightSquared, one of the wireless industry's grandest and riskiest gambles.
Best Buy wants to know if you'd pay $1,499 for a 42-inch, high-definition Apple TV which uses your iPad or iPhone as a remote control.
Electronics retailer Best Buy reported a large drop in quarterly earnings Tuesday, as weak sales in the months leading up to Thanksgiving cast a shadow on the all-important holiday season.
Larger -- and younger -- crowds jammed the nation's malls and big box stores on Black Friday, as a new generation got in on one of the biggest sales days of the year.
Stocks are down across the board as Italy's access to the open debt market becomes more and more questionable. In the sea of red, few stocks are up for the day.
Best Buy announced Wednesday that it's only a fraction of the holiday workers that it took on last year.
If you had any doubts that nowadays people prefer to shop electronics online, the latest earnings report from Best Buy should make you a believer.
Wall Street faces a data-heavy schedule this week that is expected to bring more volatility to a market full of investors weary from six consecutive weeks of losses.
Americans love their gadgets. Smartphones, tablets, 3D gaming handhelds. You name it and we want to buy it -- stagnant economic recovery be damned!
Once again, investors will focus their attention abroad this week on the crises in Libya and Japan.
As demand for the latest smartphones and other mobile devices soars to a fever pitch, more retailers are jockeying to snatch up older gadgets.
Sometimes it's better to be late to a party. By the time Best Buy made a splash in China in 2006, large domestic rivals had already spread their tentacles across the nation, the Wal-Marts of the world were becoming entrenched, and massive PC malls -- a sort of messy and hyperactive physical Ebay -- had already sprouted up across the landscape like mushrooms.
This year's Super Bowl broadcast will feature star-studded ads, with Justin Bieber and Ozzy Osbourne teaming up for a Best Buy spot, and with Kim Kardashian headlining an ad for Skechers.
Vince Dooley made it to 22 bowl games as a coach and player, but he'll never forget the first time he received a gift from one of them. Auburn was preparing to face Texas Tech in the 1954 Gator Bowl, and the senior quarterback waited anxiously to receive his presents: a watch and a jacket that proved memorable for all the wrong reasons.
Best Buy's stock plunged on Tuesday after the retailer reported sales and earnings for the quarter which includes Black Friday that missed Wall Street's estimates. The company also lowered its guidance.
Larger-than-expected crowds jammed the nation's malls and discounters on Black Friday, elbowing each other in the race for the biggest deals on one of the biggest sales days of the year.
Stocks managed to pare some losses Tuesday on better-than-expected retail sales data, but indexes ended mixed as investors stepped back from a recent runup.
Best Buy's stock fell 6% at the start of trading after the retailer released disappointing quarterly results.
Name any major U.S. company, and chances are good it runs an office in Washington. They're all here to lobby, yes, but more specifically, they're watching the Hill, the White House, and regulators for any policymaking that could affect their businesses. In a new regular feature, Fortune.com will introduce you to one of these offices. We'll talk to the head lobbyist for that company and find out what policies they're pushing the hardest in Washington. We'll also talk to industry groups to see what's on their radar.
Stocks gave up gains Thursday, ending little changed, as a late-session bounce in the dollar sapped the strength out of a rally that had pushed the Dow, S&P 500 and Nasdaq near new 18-month highs.
Shares of Best Buy Co. surged Thursday after the electronics seller posted fiscal fourth-quarter results that beat Wall Street's expectations.
The Black Friday scene at a Best Buy in New Jersey was busy yet calm, despite a large young crowd, damp conditions and attempted doorbuster ticket scalping.
After a year-long spending freeze, the CEO of Best Buy says Americans are loosening their purse strings again -- but he's not betting that the shop-'til-you-drop mentality will make a comeback for this year's holiday shopping season.
One of the things I find frustrating about modern American life is we wait for someone else -- anybody else -- to solve whatever problem it is that's out there.
updated: Thu Aug 27 2009 09:59:00
HLN Money Expert Clark Howard talks to a caller who's making it his responsibility to warn the public about a vacation scam.
The price of big screen televisions has been coming down, but this was ridiculous.
It may seem as if the money folks are in charge when startups are looking for capital, but both entrepreneurs and investors stress the importance of determining if the fit will work. Here are three simple questions to ask before taking a venture capitalist's money:
Best Buy Co. announced Tuesday that a worsening sales environment could force it to lay off employees and significantly slow its new store openings in the United States.
Stocks rose Tuesday morning as investors shrugged off a report showing a big drop in home construction and looked to the Federal Reserve - expected to cut interest rates to historic lows this afternoon.
Editors' note: This review is part of CNET's Holiday 2008 Retail Laptop Roundup, covering specific new configurations of popular laptops that can be found in retail stores.
U.S. stocks opened lower Wednesday, after electronics retailer Best Buy lowered its profit forecast and the Macy's department store chain reported a quarterly loss.
Best Buy, the No. 1 electronics retailer, cut its full-year profit forecast Wednesday, citing continued weakness in consumer spending that it says has been exacerbated by the "recent turmoil in the financial markets."
Napster Inc., the online music community that rose from a dorm room project to became the scourge of the global recording industry, is being purchased by Best Buy Inc. for nearly $127 million
Best Buy Co. will start selling the iPhone on Sept. 7, becoming first U.S. chain to do so outside of Apple Inc.'s and AT&T Inc.'s own stores
Best Buy reported a 7% drop first-quarter profits Tuesday, but it still beat Wall Street's expectations because of a lower share count and increased sales
updated: Thu May 08 2008 23:46:00
As the US economy slows, Best Buy becomes the latest retailer to move into Europe. CNN's Jim Boulden reports.
Best Buy on Friday reported a modest increase of 1.5 percent in December sales after continuing declines in sales of MP3 players and projection TVs more than offset sales increases of flat-screen TVs.
Best Buy, the No. 1 electronics retailer, posted much better-than-expected third-quarter profit and sales Tuesday, which it attributed to an extra sales reporting week last month and new store openings.
Stock were poised for a much-needed rebound Tuesday as central banks around the world tackled the credit crunch and Goldman Sachs and Best Buy delivered with strong quarterly earnings.
updated: Wed Oct 31 2007 08:57:00
Author Scott Steinberg explains how you can turn your love of video gaming into cash.
Need a TV? Camera? Laptop? Maybe you'll head to Best Buy, the nation's largest electronics retailer.
As Best Buy gears up for its important high-definition TV sales months, a new survey from the No. 1 electronics retailer reveals that almost 90 percent of Americans still don't understand HDTVs - and close to 50 percent underestimate the cost of buying one.
Best Buy, the nation's largest consumer electronics retailer, said second-quarter profit rose 8.7 percent on strong international results and tighter spending controls.
updated: Tue Aug 28 2007 07:45:00
Surviving the mortgage meltdown
Stocks moved higher Wednesday helped by a late afternoon push from the tech sector, despite concerns about the manufacturing sector and higher oil prices.
Stocks continued their recent volatile run Wednesday by turning higher after an early slide, despite concerns about the manufacturing sector, higher oil prices.
Best Buy Co Inc. said Wednesday that it would open more North American stores than previously planned, buy back $5.5 billion in stock and raise its dividend by 30 percent.
Stocks made a run into positive territory but remained mixed Tuesday afternoon as investors weighed a mixed housing starts report, a dim Best Buy earnings forecast and a drop in the price of oil below $69 a barrel.
Best Buy Co. Inc. Tuesday reported quarterly earnings that missed analysts' estimates by 28 percent as lower-margin products like notebook computers and video game consoles made up a greater percentage of sales.
Where do you find new business ideas? --Alfredo Machado, Milwaukee
If you walk into a Best Buy store this summer and see a tanned, rested sales-clerk clocking in or out of his shift on a whim, congratulations. You may have stumbled on a radical experiment: letting...
Stocks tumbled around midday Tuesday as investors grew jittery ahead of the Federal Reserve's decision on interest rates and policy statement due later this afternoon.
Stocks fell modestly Tuesday as investors chose not to make any big bets ahead of the Federal Reserve's decision on interest rates and policy statement due later this afternoon.
Best Buy Co. Tuesday reported higher third-quarter earnings that nevertheless fell short of Wall Street forecasts - and cited stiff competition for computers, TVs, CDs and other products.
PRIVACY
The best gifts at the best prices at five retailers you can't avoid.by Denene Millner and Charles Passy
Best Buy will soon launch its own digital music store that will carry more than 2.7 million song titles priced at 99 cents per download, the company announced Thursday.
Best Buy ranks no. 189 on FORTUNE's Global 500 this year, with $30.8 billion in revenues, up 12.4% from the previous year. The Richfield, Minnesota-based company was ranked no. 191 on the 2005 list. Its 2005 profits were $1.1 billion, up 15.9% from a year earlier.
Best Buy said Tuesday that abundant supply and falling prices of flatscreen TVs should ensure robust sales of the product during the crucial holiday season and help to offset cooling demand of the once red-hot MP3 category.
As recently as the 1970s, you could reach 90% of the U.S. television audience just by buying ads on the three networks at 9 P.M. Today's marketers have it tougher. They must sell to a highly fragme...
The retail sector boasts more than its share of stocks that have been mammoth hits: Wal-Mart, Best Buy, Walgreen, not to mention Christopher & Banks and Chico's - a duo that both rank among the fiv...
As recently as the 1970s, you could reach 90% of the U.S. television audience just by buying ads on the three networks at 9 P.M. Today's marketers have it tougher. They must sell to a highly fragmented audience of Internet empowered, channel-surfing, TiVo-happy consumers whose tastes change on a dime. Make a mistake, and capital markets hammer your company's stock.
Best Buy may seem to be in an enviable position. The Minneapolis-based company's 800 stores account for 17 percent of the retail electronics business in the United States, and its share price rose ...
The computer maker Lenovo announced a deal with the electronics retailer Best Buy Tuesday, in an effort to court small- and medium-sized business owners.
Best Buy Co. Inc. cut about 300 corporate jobs on Monday.
Wander around the executive suite at the Minneapolis headquarters of Best Buy, and near the CEO's office you'll encounter a strange tableau.
Losers outnumbered winners in late December and early January. As the year turned, 37 of the 70 stocks posted a decline and only 32 rose (IBM was unchanged). Six stocks--Aetna, CVS, DuPont, Genente...
Electronics retailer Best Buy's online store shut down midday Wednesday in what at least one Web site monitoring firm has called an "unplanned outage."
Best Buy is walking a thin line with its latest in-store test -- one that might thrill cost-conscious consumers, but earn the ire of video game publishers and developers.
Retailers primed their stores for the lucrative back-to-school season, pulling out all the stops to get the attention of anxious parents and students before the first semester dawns.
TECH DATA No. 110
Best Buy Co., the No. 1 electronics retailer, reported a higher fourth-quarter profit on Friday that matched Wall Street estimates boosted by strong sales of MP3 players, DVDs and notebook computers.
Investors on Inflation Watch 2005 have a big week to look forward to -- or be wary of -- depending on how you look at it.
GARY ARNOLD STARTS HIS DAY LIKE any other show business executive; he reads Variety, the Hollywood Reporter, and the occasional movie script. He casually mentions a recent meeting with Alan Horn, t...
American consumers have had a long-standing love affair with gadgets and gizmos, and no company is doing a better job of capitalizing on that than Best Buy.
Dell, Best Buy, and Royal Bank of Canada are stocks you wish you'd bought years ago. They've all been knockout performers for shareholders for the same reason: Each has truly put customers at the c...
Standing on the polished floor between the wireless department and the Geek Squad repair center, Josh Solomon begins his workday. Knees bent slightly inside pressed khakis, he slaps his palms on hi...
The first CD players were created in 1982, and more than 20 years later, a new era for digital technology is just beginning.
Here's a tip on how not to make Dad's day a sad day this weekend: toss the tie, socks, sweater -- and anything that says "World's Greatest Dad."
U.S. stocks edged modestly lower in early trade Wednesday, as investors played it cautious after two sessions of gains and ahead of a slew of economic news.
Best Buy, the No. 1 electronics retailer, posted fourth-quarter profits Wednesday that jumped from a year earlier, driven by strong demand over the holidays for digital products and flatscreen TVs.
I was checking out a newspaper circular from Tower Records the other day. Not much interesting in there, I thought. Then on the way to work I passed by my local Tower and noticed the "R" in the "R...
SARS wasn't yet in the medical lexicon, but when Steven Lee and David Morrish, his boss at the big electronics retailer Best Buy, finished touring Asia in late 2000, they were feeling a little sick...
When Best Buy entered Canada last summer, it moved into Ontario's Heartland Town Centre, across the street from another electronics retailer called Future Shop. Healthy competition? Not quite: Best...
Du Pont boss Chad Holliday, an energetic Tennessean who can schmooze with the best of them, was recently making the rounds at a meeting of the Business Council, an elite group of about 100 of the c...
DVD, HDTV and Divx may look like letter scrambles to some people, but these new forms of digital entertainment, along with digital camcorders, cell phones and the like, are replacing personal compu...
If you have any contrarian instincts, this is the ideal moment to profit from one of today's biggest bargains. Battered by this summer's brutal sell-off, the stocks of small growth companies are no...
The retail business has a name for companies that storm into new markets, beat the local guys with variety and lower prices, devour market share, and strew dead competitors in their wake: category ...
Of all the deaths that rock & roll has weathered over the years, few have been as weirdly silent as the demise of the once-mighty record store chains. "If 50% of the movie theaters in America close...
What does Wall Street want for Christmas? For starters, a continuing consumer spending spree on color TVs and videocassette recorders. Wall Street may get its wish. Sales at the ten publicly traded...
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