Content about Hennepin County, Minnesota

March 8, 2013
Wilson named head of Best Buy Canada

Best Buy has named Ron Wilson as its new president and COO of its Canada operations, effective immediately.

March 1, 2013
Best Buy's not singing the blues

Fourth quarter same store sales inched up 0.9% at Best Buy and profits were better than expected as the company fared better during the holiday season than many thought.

January 11, 2013
The sky didn’t fall at Best Buy

Strength in the computing, mobile phone and appliance categories enabled Best Buy to report flat same store sales during the holidays and temporarily silence the voice of those who had prematurely written the company’s obituary.

November 20, 2012
Best Buy enters holidays with urgency and purpose

Best Buy on Tuesday continued its string of negative same store stores sales, posting a 4% decline at U.S. stores, and recorded a worse than expected profit.

August 21, 2012
More bad news for Best Buy

Best Buy reported dismal second quarter results Tuesday morning, missing analysts’ estimates by a wide margin one day after the company raised eyebrows by selecting a CEO with no retail experience to engineer a turnaround.

August 6, 2012
Best Buy founder offers $8.8 billion to buy out company

Best Buy founder and former chairman Richard Schulze on Monday offered to buy the struggling retailer and take it private for as much as $8.8 billion.

July 23, 2012
Best Buy Canada fights showrooming with revised price match policy

Best Buy Canada and its subsidiary Future Shop are taking the issue of online competition head on with revised price match and return policies in response to the changing nature of retail in Canada and commitment to customer service.

March 29, 2012
Best Buy invests in small formats to cut big costs

In a move to tighten its footprint and reduce costs, Best Buy Co. said Thursday it will close 50 of its signature big-box stores and open 100 of its small mobile locations in the United States in fiscal 2013.

January 3, 2012
Best Buy issues statement regarding online order cancellations

After a slew of online orders were cancelled in November and December when Best Buy couldn’t keep up with demand, the company issued the following statement last week:

December 13, 2011
Best Buy Q3 profit down 29%

MINNEAPOLIS — Best Buy announced that its third-quarter net income fell 29% $154 million, from $217 million in the year-ago period, worse than analysts had expected. The retailer’s profits were hurt by declining sales in some categories, plus a $150 million one-time charge associated with the planned closing of 11 big-box stores in the United Kingdom.

Total company revenue rose 1.7% to $12.1. Same store sales rose 0.3%.

September 8, 2011
Best Buy turns to third-party sellers to boost online presence

Best Buy has joined the likes of Amazon and eBay with the launch of its own third-party shopping destination.

April 15, 2011
Mobile is Best Buy's new calling

Best Buy said that it plans to open hundreds of wireless device stores, as well as expand online and in China in an effort to be more competitive as consumers up their online shopping.

March 24, 2011
Best Buy Q4 profit declines, adjusted results beat Street

Best Buy Co. reported Thursday that net income for the quarter ended Feb. 26 fell 16% to $651 million, compared with $779 million in the year-ago period. However, adjusted results beat Wall Street expectations.

February 22, 2011
Major moves at Best Buy designed to drive growth

Best Buy is looking to reinvent its future and late Monday announced a series of moves designed to enhance the company’s growth prospects and profitability.

February 14, 2011
Future proof program extended at Best Buy Mobile

Best Buy Mobile, the mobile specialty retail unit of Best Buy Co., announced that it is extending the offer to “future proof” smart phone purchases for free through Feb. 26 in all Best Buy and Best Buy Mobile standalone stores across the country.

February 7, 2011
Best Buy offering free 'future proofing' for one week

Best Buy announced that through Feb. 12 it is offering customers its buy back program for free.

January 7, 2011
Best Buy Dec. comp doesn't damper CES mood

Reporting from the Consumer Electronics Show, Best Buy said that revenue for the fiscal month of December ended Jan. 1, decreased 1.6% to $8.4 billion.

December 14, 2010
Best Buy 3Q sales lower than expected

Best Buy reported net earnings of $217 million, or 54 cents per diluted share, for its fiscal third quarter, compared with $227 million, or 53 cents per diluted share, for the prior-year period.

October 11, 2010
Best Buy inks deal with Bridge2Solutions

Best Buy on Tuesday announced that a provider of incentive, consumer and performance rewards systems...

September 28, 2010
Target to donate $25K to support Minnesota flood-relief efforts

Target announced that the company will donate $25,000 in cash and product to the American...

September 27, 2010
Best Buy announces holiday initiatives

Best Buy announced a number of initiatives it says underscore the company’s intent to win...

September 13, 2010
Best Buy expands iPad availability to all stores

Best Buy announced that it will expand availability of the Apple iPad with Wi-Fi and...

August 15, 2010
Best Buy launches mobile rewards app

Best Buy has announced it plans to bring a location-based retail experiment, using the “shopkick”...

May 26, 2010
Best Buy Mobile enhances Web site

Best Buy Mobile has annouced the re-launch of BestBuy.com/Mobile ......

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