All Posts Tagged Tag: ‘Best Buy’

Best Buy Founder Schulze Makes Sure Board Knows He’s Serious About That Acquisition

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 the Board to grant him permission to form a group and conduct due diligence, so he can present a fully …

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Mobile Pay Options About To Increase With Merchant Customer Exchange

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 group of retailers behind MCX, which will grow, seems to think that they have an edge over mobile payments competitors …

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Best Buy Offer: Founder Wants To Buy His Company Back For $24 To $26 Per Share

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 is up on this news. At the time of this writing, it’s at: 19.91 +2.27‎ (12.87%‎). “There is no question …

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Best Buy Stores Makeover: Retailer Starts to Think Smaller

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 near its Minnesota headquarters that will pull a page straight out of the Apple playbook. Instead of carrying every possible …

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Google Chromebooks Now Available At 100 Best Buy Stores

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 hands-on perspective before you lay your money down. Naturally, this directly affects American consumers. While there are international Best Buy …

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Subsidized Xbox 360 Coming to Best Buy and GameStop

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 cancelled Major’s Minute Inside Xbox show, announced the expansion of the $99 Xbox program over on his blog. From the …

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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 tested product online for cheaper. The practice of showrooming has affected the business of Best Buy, which has shut down …

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Best Buy Chairman Ousted Following Investigation Of Former 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 “address the challenges that face the company.” Back in March, when the allegations first surfaced internally, the company hired an …

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Best Buy 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 news in a society that is very fascinated with the misgivings of 1%-ers, and then claimed to all the sudden …

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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 hybris, a leading provider of multichannel commerce and communication software, has conducted their U.S. 2012 Multichannel Shopping Survey, which sheds …

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Sneaky 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 a seemingly innocent employee at a reputable national chain, have a look at your faulty mobile device, you might want …

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Call Of Duty: Black Ops II Pre-Order Bonuses Announced

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 of Duty title. This year’s pre-order bonuses are a little odd though. First up is GameStop’s offer which has pre-order …

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