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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.

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.

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.

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