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Best Buy

  • Best Buy Q1 profit surges; finance chief to exit

    Best Buy Co. Inc. surpassed Wall Street expectations with rising profits and declining revenues for the first quarter of fiscal 2017, and CFO/CAO Sharon McCollam announced she will retire June 14.
     

  • Nation’s largest electronics retailer smashes glass ceiling

    Women now make up the majority of the leadership team at Best Buy, theStar Tribunereported, with the retailer reaching the tipping point in April when it hired Trish Walker from Accenture as president of services. Having more gender diversity has been a commitment of Best Buy CEO Hubert Joly, who took over in September 2012, the report said.

  • Best Buy wants to get you goods online - fast

    Best Buy Co. Inc. is expanding a test of same-day delivery service from San Francisco to 13 major metro markets across the U.S.

    The electronics chain started the pilot in San Francisco last fall and expanded it to New York early in 2016. It has now added Atlanta, Boston, Chicago, Dallas, Houston, Las Vegas, Los Angeles, Miami, Philadelphia, Seattle and Washington, D.C.

  • Best Buy bolsters appliance portfolio

    Whirlpool Corp. will bring its Maytag brand of appliances to 600 Best Buy stores this month rounding out what was already an extensive offering.

    Maytag brand products will hit the sales floor at 600 Best Buy stores in mid-April and also be sold online, the retailer said. The move expands Whirlpool’s assort at Best Buy which already includes the leading appliance manufacturer’s Whirlpool, KitchenAid and Amana brands. Best Buy also offer appliances from LG, Samsung, Frigidaire, Bosch and Electrolux.

  • Best Buy develops future tech resources

    Best Buy Co. Inc. is expanding a series of programs and partnerships designed to ensure the availability of a crucial IT component – human talent.

    As part of this ongoing initiative, in spring 2016, the Best Buy Teen Tech Center network will open four new centers that offer year-round after-school programming. And from May through September, more than 6,000 students will attend free Geek Squad Academy (GSA) two-day sessions in communities around the country.

  • Target names two IT executives

    Target Corp. is expanding the management of its technology organization with two new executive hires.

    Tom Kadlec will join Target as senior VP of infrastructure and operations. He will be tasked with leading efforts to modernize and enhance Target’s technology foundation. The company also announced the hiring of Joel Crabb as VP of architecture, with responsibility for enterprise architecture, agile practices and Application Program Interfaces (APIs).

  • Best Buy adds Silicon Valley heft to board

    The board of directors at Best Buy Co. is losing a longtime board member and gaining a new voice with experience in forming relationships with top venture capitalists in Silicon Valley.

    The retailer announced that former CEO Brad Anderson will retire from the board of directors and that the company has appointed corporate venture capital leader Claudia Fan Munce to the board.Anderson will serve the remainder of his term through the end of the annual shareholder meeting on June 14. Munce will stand for election at that time.

  • Sales slowdown at Best Buy to continue?

    Softness in the mobile phone category continues to hinder growth at Best Buy Co., which reported a drop in same-store sales in the fourth quarter and continued online strength.

    For the fiscal quarter ended Jan. 30, the electronics retailer reported a decline in same-store sales of 1.7%. Specifically, sales of mobile devices and computing devices fell 6.8% in the United States. The category accounts for 43% of the company's total U.S. revenue.

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