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Best Buy

  • Best Buy posts disappointing December

    Minneapolis -- Best Buy Co. reported Friday that December sales were less than the company anticipated, as fewer-than-expected shoppers filled the retailer’s stores over the holiday selling month.

    Same-store sales fell 1.2% in December, an improvement from the 4% drop in the same period last year.  Total revenue was flat at $8.4 billion. Its online division shone, recording a 26% rise in revenue for the month.

    Despite the lackluster showing in December, Best Buy reaffirmed its annual guidance.

  • InComm launches digital content and gaming destination at Best Buy Mexico

    Atlanta -- Prepaid product and transaction services company InComm said Monday that it has teamed with Best Buy Co. to launch a digital content and gaming destination at eight Best Buy stores in Mexico.

    Best Buy has partnered with InComm for nine years in the United States and this new offering represents a global expansion of the relationship.

    The InComm prepaid destination includes digital content and gaming products such as iTunes, Play Station, Club Penguin, IMVU and Zynga.

  • New line of home cleaning products hits Best Buy shelves

    BENTON HARBOR, Mich. — Whirlpool Corp. is launching Affresh Cleaners, a new line of advanced home cleaning products now available at Best Buy stores nationwide.

    "Keeping the kitchen clean has historically been a big chore, so we designed the new line of Affresh Cleaners to combat everyday spills and residue while making cleaning simple," said Wendeline Ortiz, brand manager of Affresh Cleaners.

    The new line includes:

  • Carphone Warehouse to sell U.S. joint-mobile stake to Best Buy, and close U.K. Best Buy stores

    New York City -- Best Buy Co. said Monday it is buying out its joint venture partner, Carphone Warehouse Group PLC, in its fast-growing North American mobile business for $1.34 billion. As part of the reorganization of its relationship with the U.S. consumer electronics giant, Carphone Warehouse will shutter the 11 pilot big-box Best Buy stores it opened last year in the United Kingdom.

  • Best Buy-out of Carphone Warehouse to shift mobile focus in Europe

    MINNEAPOLIS — Best Buy Co. said Monday it is buying out its joint venture partner, Carphone Warehouse Group PLC, in its fast-growing North American mobile business for $1.34 billion. As part of the reorganization of its relationship with the U.S. consumer electronics giant, Carphone Warehouse will shutter the 11 pilot big-box Best Buy stores it opened last year in the United Kingdom.

  • Bestbuy.com to offer free holiday shipping

    Minneapolis -- Best Buy Co. announced Tuesday that it will waive the minimum purchase limitations and offer free shipping on its complete inventory of 400,000 website items from Nov. 1 through Dec. 27.

    "Consumers are looking for value, service and savings this year, and our goal is to provide them with convenient, creative and less costly ways to make the holiday shopping experience more enjoyable," said Barry Judge, executive VP and CMO, in a statement.

  • Best Buy looks to regain tech leadership with hiring boost

    Minneapolis -- Following a disappointing second quarter, Best Buy is looking to reposition itself as a tech leader with plans to hire more than 200 information technology professionals, with more than 100 new positions to be posted in the next several weeks.

    Best Buy said Thursday it is looking to recruit skilled professionals from across the IT landscape, including e-commerce, business analytics, application development, engineering and project management.

  • Slower CE spending trends reflected in Best Buy hiring plans

    MINNEAPOLIS — While other retailers are beefing up their sales staff ahead of the holiday season, Best Buy Co. said Tuesday that it has cut its 2011 seasonal hiring plans to about half of last year’s staff numbers, in a move to curtail costs. This year’s plans call for 15,000 holiday workers, compared with 29,000 hired last year.

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