Best Buy

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5 Websites Where We Spent the Most on Black Friday

Amazon takes the cake with a 35.7% share of spending

(Newser) - Black Friday sales were up 7% this year over 2014 while Thanksgiving Day sales jumped 16%, according to Slice Intelligence 's analysis of online sales data. Not only that, but the weeks leading up to the biggest shopping day of the year saw a 14% boost with many sales... More »

Best Buy Website Goes Bust on Black Friday

Retailer's site experiences big outage on big shopping day

(Newser) - Consumers hoping to snatch up the best Black Friday deals had their plans somewhat interrupted this morning if they were trying to do so via Best Buy's website. was down for more than an hour this morning, starting at about 9:50am EST, Re/Code reports; CNBC notes... More »

Black Friday Shoppers Get in Line 3 Weeks Early

2 Calif. women have been camping out next to a Best Buy since last week

(Newser) - Some stores are trying to resist Black Friday madness by refusing to open on Thanksgiving , but for die-hard shoppers, it's never too early to get ready for the mega-sales. Take Vicky Torres and Juanita Salas, who were already bundled up and camped out in front of the Beaumont, Calif.... More »

What Stores Are Doing to Prevent Black Friday Freakouts

Tickets, Segways, live bands aim to keep shoppers calm

(Newser) - Ever since a Walmart worker was trampled to death five years ago on Black Friday, the chain has increased its efforts to ensure safe shopping. Now, a range of top retailers are trying everything from live music to off-duty police hires to prevent a recurrence of the tragedy. Among their... More »

Best Buy 'Deserves to Die'

It's had a big turnaround, for no reason that Matthew Yglesias could find in the store

(Newser) - Best Buy is back from the brink. Profits are up, costs are down, and the share price has tripled since December. That's the good news. "The bad news," writes Matthew Yglesias at Slate , "is that the store is awful and deserves to die." Yglesias and... More »

Best Buy CEO Unloads Big Stake ... to Pay for Divorce

Hubert Joly nets about $10M

(Newser) - Best Buy had to issue an unusual statement explaining exactly why its CEO just dumped 20% of his stake in the company: the business his fine; his marriage, not so much. Hubert Joly sold about 450,000 shares and netted $10 million, reports CNNMoney . "This sale reflects only one... More »

Microsoft to Open Mini-Stores in Best Buy

Partnership will be bigger than chain's deal with others

(Newser) - Microsoft has unveiled plans for "store-within-a-store" sections in Best Buy stores, becoming the latest major consumer electronics maker to acknowledge advantages of the brick-and-mortar format. The sections will begin opening this month and offer Windows-based PCs, tablets, Xbox, and accessories, as well as trained staff to explain Windows 8... More »

McDonald's Is Most Visited Business in America

Nearly half of US consumers visited at least once last month, says study

(Newser) - Just how popular are the golden arches? So popular that nearly half of US consumers visited them last month, according to a new study spotted by the Consumerist . The study, from the new Placed Insights service, sought to determine which businesses Americans visit most. Fast food dominates the list, but... More »

Best Buy Kills Freewheeling Work-From-Home Program

Now, you'll need a manager's permission to telecommute

(Newser) - First Yahoo sparked a backlash by telling workers they had to come into the office; now Best Buy—which has had one of the most progressive telecommuting policies going—is doing much the same thing. Ever since 2005, Best Buy has had a "Results Only Work Environment," meaning... More »

Target: OK, We'll Match Amazon Prices

Will also match prices of,

(Newser) - Target is sick and tired of you walking out of its stores without buying anything—because you looked on your smartphone and found Amazon was cheaper. So its CEO today announced a new price-matching policy to combat the practice (known as " showrooming "), MarketWatch reports. Now, customers who... More »

4 Stores on the Brink in 2013

Best Buy, JC Penney, Sears, RadioShack have their work cut out for them

(Newser) - The retail world is changing, and some old-school giants are struggling to change with it. Today the Wall Street Journal took a look at four companies facing a do-or-die 2013:
  • Best Buy: People still go to Best Buy … to look at things they intend to buy on Amazon later.
... More »

Best Buy to Match Amazon's Prices

Congratulations, showrooming shoppers

(Newser) - Best Buy is changing things up this holiday season. Amid concerns over "showrooming"—when customers visit stores, check out products, and then buy them online—Best Buy is set to match online prices, including Amazon's, the Wall Street Journal reports. It's also going to throw in... More »

Best Buy Founder Makes Offer to Buy ... Best Buy

Richard Schulze offers $24 to $26 a share

(Newser) - Best Buy founder Richard Schulze wants back in. Schulze, who stepped down as chairman in June after news of ex-CEO Brian Dunn's affair broke, today offered to take the struggling company private at $24 to $26 a share, reports Bloomberg . That values the company at around $8.5 billion,... More »

Bumbling Best Buy Getting Apple Makeover

Gadgets chain tests human focus

(Newser) - Struggling big box electronics giant Best Buy is taking a page from Apple's svelte playbook and testing a new strategy to turn its warehouse-like stores into more streamlined and intimate retail outlets, says the Wall Street Journal . A test store in Minnesota prominently features a Geek Squad-staffed Solution Central,... More »

Best Buy Cans 650 Geek Squad Employees

Company says it's 'evolving in-home support'

(Newser) - Best Buy is axing 650 members of its Geek Squad, the group of repair specialists that travels to people's homes to fix their electronics. The retailer isn't doing away with its repair service entirely, though; those getting the boot will be Geeks who serviced appliances and televisions. "... More »

Best Buy's Schulze Looks to Dump His Shares

And he'll resign early to do it

(Newser) - Best Buy founder Richard Schulze is stepping down as chairman immediately so that he can "explore options" for his 20.1% stake in the company, the Wall Street Journal reports. Schulze was already set to resign , thanks to his role in covering up the Brian Dunn sex scandal , but... More »

Best Buy Ousts Founder for Sex Scandal Coverup

Richard Schulze didn't alert audit board about Brian Dunn's infidelity

(Newser) - The man who founded Best Buy announced his resignation today, after an investigation found that Richard Schulze had known about ex-CEO Brian Dunn's affair with a female employee, but hadn't alerted the audit committee, the AP reports. Best Buy had until now kept mum about reports of Dunn'... More »

Best Buy CEO Sunk by Relationship With Staffer?

'Star Tribune' says that's the allegation against Brian Dunn

(Newser) - What might have sunk Best Buy's Brian Dunn ? That thing that often fells men in power: allegations of an affair with a female employee—and there's a twist. The Minneapolis Star Tribune reports that the former CEO is accused of using company resources to facilitate that relationship.... More »

Best Buy CEO Bounced for 'Personal Conduct'

Mystery builds over Brian Dunn's sudden resignation

(Newser) - Best Buy CEO Brian Dunn has resigned amid a mysterious investigation into his "personal conduct," said company officials, who offered no other details. Initially, the company said Dunn was leaving by "mutual agreement," but late in the day Best Buy issued a second statement to clarify,... More »

Survey: Amazon Smokes Best Buy on Prices

In the battle of online prices, there's a clear winner right now

(Newser) - If Best Buy is indeed restructuring to better compete with Amazon , a survey by Barclays suggests it needs to work on its pricing. Comparing prices at to those at, the survey found little or no incentive to visit Best Buy. Business Insider provides a snapshot of... More »

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