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Best buy News

Thousands of American retail stores closing in the United States

Retail experts are projecting that the pace of store closings will accelerate over the course of the next decade. Just last week American retail chain Radio Shack announced that it was going to close more than 1,000 stores.

Thieves cut hole in wall to steal tons of Best Buy gadgets

Brooklyn - Thieves used an elaborate method of stealing at least $65,000 worth of electronics from a Brooklyn-area Best Buy — they cut a hole in the wall.
In the Media by Michael Thomas - 2 comments

Canadian retailers announce job cuts, closures

Canadian retailers Best Buy and Sears have announced job cuts of up to 1,600 combined in what analysts describe as the face of the changing retail landscape.
In the Media by Veronica Silva Cusi - 6 comments

Retailers start 'Black Friday' sales earlier this 2012 season

Reports are surfacing many retailers have intended to start their "Black Friday" sales earlier this year. While some stores have not made any formal announcements yet, ad leaks are showing the start times retailers are offering for Black Friday.
In the Media by Leigh Goessl - 5 comments

Best Buy confirms closure of 42 stores by May 12, CEO search

Minneapolis - Best Buy announced this weekend the remaining 42 stores that it will be closing across the United States by May 12. A total of 19 stores will be shut down in three states. It also announced that it has begun the search for a new CEO.
In the Media by Andrew Moran - 3 comments

Best Buy CEO Brian Dunn steps down amid disappointing sales stats

Minneapolis - Best Buy CEO Brian Dunn announced Tuesday that he is stepping down from his post. Board member G. Mike Mikan will take over as interim chief executive. This comes as sales dropped 2.4 percent in the last quarter.
In the Media by Andrew Moran

Best Buy to close 50 big box stores, cut 400 corporate jobs

Minneapolis - Electronics retailer Best Buy has announced that it will close 50 big box retailers, cut 400 jobs in the corporate and support area and open 100 mobile locations by fiscal year 2013. The company plans to save $800 million by 2015.
In the Media by Andrew Moran - 2 comments

Vancouver stores accidentally sold clay iPad 2s

Vancouver - A major fraud investigation has been opened after it was discovered several consumers purchased clay iPads from popular retailers in Canada.
In the Media by Leigh Goessl - 3 comments

Best Buy cancels some online orders right before Christmas

Best Buy has angered customers with an announcement that the company is unable to fill items ordered and has canceled these online purchases days before Christmas.
In the Media by Leigh Goessl - 1 comment

Best Buy to slash holiday hiring by half, cites economic slowdown

Minneapolis - An executive at Best Buy told a news media outlet that Best Buy is planning on cutting holiday hires by 50 percent. He said that the consumer is watching his or her pennies and is expected to do so come the holiday season.
In the Media by Andrew Moran - 2 comments
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