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Best Buy Adopts Online Price-Matching

Best Buy Adopts Online Price-Matching

By Sean Patterson February 18, 2013

Over the holiday season, Best Buy began offering its customers price-matching on products that can be found for lower prices at online retailers. The move was meant to curb incidences of “showrooming” – the term that refers to customers who …

Schulze To Move Forward With Best Buy Due Diligence Schulze To Move Forward With Best Buy Due Diligence
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Best Buy announced today that it has reached an agreement with founder Richard Schulze, which will enable Schulze to conduct due diligence, as he tries to acquire the company. Specifically, he’s been granted acces to certain info and permission to …

Best Buy Buyout Bid Talks Said To Resume Best Buy Buyout Bid Talks Said To Resume
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Talks between Best Buy and its founder, who has expressed interest in buying back the company, are reportedly back on, after a brief hiatus. Earlier this month, Best Buy Founder Richard Schulze announced an offer to buy back the company …

Best Buy Earnings: Net Income Down 90% Best Buy Earnings: Net Income Down 90%

Best Buy just released its earnings report for the second quarter, a day after announcing its new CEO. Of course, this transition is happening as Founder Richard Schulze has been trying to buy back the company. Last week, he sent …

Best Buy Hires New CEO Following Scandal Best Buy Hires New CEO Following Scandal

Best Buy today announced that it has appointed Hubert Joly as the company’s CEO. Joly is currently the CEO of Carlson, a worldwide hospitality and travel company. “Hubert was an outstanding candidate for this position and I am confident he …

Best Buy Founder Serious About That Acquisition Best Buy Founder Serious About That Acquisition
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Last week, Best Buy Founder Richard Schulze announced an offer to buy back the company he started for an estimated $8 billion. Today, he sent a letter to the Board of Directors affirming his commitment to the acquisition, and urging …

Retailers Team Up On New Mobile Payments Option Retailers Team Up On New Mobile Payments Option

A group of retailers, including Walmart, Target, 7-Eleven, Best Buy, CVS, Lowe’s, Shell, Publix, Sears, Alon, Darden, HyVee, Michael’s and Sunoco are teaming up to offer customers another mobile payments option. The initiative is called Merchant Customer Exchange (MCX). The …

Noteworthy Videos
Best Buy Founder Wants To Buy His Company Back Best Buy Founder Wants To Buy His Company Back
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Best Buy founder Richard Schulze has made an offer to buy Best Buy back, and to take it private. The offer, estimated at $8 billion, is for a price of $24.00 to $26.00 per share in cash. Best Buy stock …

Best Buy Stores Makeover: Retailer Thinks Smaller Best Buy Stores Makeover: Retailer Thinks Smaller
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Best Buy stores makeover: Expect the size of the retail giant’s stores to shrink considerably in the near future. In an effort to combat the shrinking revenue from their numerous oversized locations, Best Buy is building a new prototype store …

Google Chromebooks Coming To A Best Buy Near You Google Chromebooks Coming To A Best Buy Near You
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Now, before someone snipes me with a “Chromebooks are already available at Best Buy’s online store,” the significance of this is Google’s portable computer will be available in Best Buy’s brick-and-mortar stores, meaning you can go in and get a …

Subsidized Xbox 360 Coming to Best Buy and GameStop Subsidized Xbox 360 Coming to Best Buy and GameStop
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Larry “Major Nelson” Hryb, announced this morning that the subsidized $99 Xbox 360 will be coming to Best Buy and GameStop stores later this month. Hyrb, a member of the Xbox team at Microsoft and former host of the recently …

Samsung, Sony Barring Retailers from Discounting TVs Samsung, Sony Barring Retailers from Discounting TVs

Samsung and Sony have both commenced barring retailers from discounting television sets to protect profits, in an attempt to cut down on ‘showrooming.’ Showrooming is the practice of consumers going into a big box retailer and then likewise buying the …

Best Buy Chairman Out After Investigation Of CEO Best Buy Chairman Out After Investigation Of CEO

Back in early April, Best Buy CEO Brian Dunn resigned amid allegations of improper conduct with a female subordinate. When the resignation was first announced, Best Buy claimed that Dunn and the board agreed on the severance in order to …

Best Buy Chairman and Founder Resigns Best Buy Chairman and Founder Resigns

It was just reported that former Yahoo CEO Scott Thompson resigned after being called out by Dan Loeb and Third Point for padding his resume. Thompson, who had been peddling a fake computer science degree for some time, made national …

U.S. Consumers Expect Integrated Retail U.S. Consumers Expect Integrated Retail

With the expansion of mobile retail, multichannel shopping has become commonplace, and a recent study has shown that U.S. consumers identified “entering payment, billing and shipping information” as one of the main pain points of the online shopping experience. Now …

Best Buy Employee Updates Man's Facebook Status Best Buy Employee Updates Man's Facebook Status

I don’t put anything past people nowadays. Leaving your phone, laptop, or tablet unattended for any length of time is sure-fire recipe for all sorts of embarrassing and humiliating situations. So the next time you decide to have someone, even …

GameStop Gets Pre-Order Tiers For Black Ops II GameStop Gets Pre-Order Tiers For Black Ops II
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Well, that didn’t take long. The first trailer for Black Ops II hit the airwaves yesterday and we already have the retailer specific pre-order bonuses lined up for gamers who can’t wait to get their hands on the latest Call …