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Best Buy will keep shrinking stores to grow online E-commerce sales grew 20% in Q1 while store sales dropped 5%. Given its dismal first quarter performance, Best Buy Co.’s interim CEO Mike Mikan isn’t mincing words about the company’s future. www.internetretailer.com
Best Buy's Latest Numbers Suggest A Gloomy Outlook For Big-Box Stores A person walks away from a shuttered Best Buy Store on April 16, 2012 in Chicago, Illinois. www.huffingtonpost.com
ThinkEco and Best Buy Bring Smart Wireless Control to Window Air Conditioners in New York City NEW YORK, May 24, 2012 /PRNewswire/ -- ThinkEco, Inc., the energy efficiency firm, is now offering New York City residents an easy way to take control of their air conditioning bills this summer. Using ... finance.yahoo.com
Where's Best Buy's Value? While fumbling around for new strategies, the electronics retailer actually has a greater advantage than most think. rss.feedsportal.com
Can Best Buy Stage a Comeback? Can Best Buy Stage a Comeback? rss.feedsportal.com
Best Buy Sees Profit Slide Nearly 40%, Nears End of Big Box Closures At the beginning of an ambitious turnaround plan, Best Buy says its first-quarter profit declined nearly 40%, as it shuttered 41 of its trademark big-box stores. www.forbes.com
Best Buy beats on lower tax rate, maintains outlook By Dhanya Skariachan NEW YORK (Reuters) - Best Buy Co Inc reported better-than-expected quarterly results, boosted by a lower tax rate and an extra week compared with a year earlier, as the world's largest ... finance.yahoo.com
Best Buy profit falls, adj. earns tops Street view Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing a turnaround plan.Its adjusted earnings ... finance.yahoo.com
Best Buy CEO Stares At Opportunity Promises Bold Action Dow Jones reports Best Buy is having a mixed fiscal first quarter. Interim Chief Exec Mike Mikan is acknowledging the electronic retailer's gaffs in lagging behind a 'drastically changed market' and promises bold action to turn it around. Best Buy is staring at opportunities and it needs help. What do you think bold action will ... www.forbes.com
Best Buy Interim CEO Blunt About Company's Issues Best Buy's interim CEO talked tough in his debut with investors, telling analysts the company's service and training 'aren't even close to good enough.' www.hispanicbusiness.com
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