Best Buy Readies CEO Transition After Strong Q1
Hubert Joly, who is exiting the CEO role, said that the first quarter represented “a good start” to the Best Buy fiscal year.
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Harness Hubert Joly’s Best Buy Transformation
Hubert Joly was an unconventional pick to lead Best Buy in 2012. Skeptics wondered then how a former hotel chief with no retail experience could stop Best Buy’s spiral toward oblivion.
Best Buy Names Barry CEO
Best Buy has named Corie Barry the retailer’s new chief executive officer, effective June 11. She will replace Hubert Joly, the company’s current chairman and CEO, who will become executive chairman of the board.
Best Buy Supports St. Jude Children’s Research Hospital
Best Buy recently presented St. Jude Children’s Research Hospital with a gift of $20.8 million as a result of the organization’s record-breaking fundraising year for the St. Jude Thanks and Giving campaign.
Best Buy Q4 Comps, Earnings Grow
Fourth quarter comparable store sales at Best Buy were up 3% as the home electronics superstore reported better-than-expected earnings for the three month period ended February 2.
Best Buy Appoints Woods To Board Of Directors
Best Buy has appointed Eugene Woods, a health care executive, to its board of directors, effective immediately.
Best Buy Readies December Doorbuster Promotion
Starting this Saturday, December 1, Best Buy is kicking off its “20 Days of Doorbusters” promotion.
Best Buy Q3 Propelled By U.S. Comp Growth
For the third quarter ended November 3, when comparable sales in the U.S. increased 4.3%, Best Buy posted net earnings of $277 million, or 99 cents per diluted share, versus $239 million, or 78 cents per diluted share, in the year-before period.
Sharp Superheated Steam Oven Debuting At Best Buy
Following the launch this past spring of its Superheated Steam Countertop Oven, Sharp said the new unit is now available at more than 500 Best Buy locations across the U.S. and also for sale on BestBuy.com.
Best Buy Appoints Kent To Board Of Directors
Best Buy has appointed Cindy Kent, a health care executive, to its board of directors, effective immediately.
Best Buy Boosts Q2 Comps, Beats Wall Street Estimates
Best Buy beat Wall Street estimates with a solid performance in the second quarter, with comps driven by strong electronics product demand and what the company termed a favorable environment.
Best Buy To Acquire Connected Health Services Provider GreatCall
Best Buy has signed a definitive agreement to acquire GreatCall, Inc. for $800 million in cash.
Survey: Amazon Enjoys Prime Day Lift, But So Do Rivals
Prime Day has become an event, according to market research firm A.T. Kearney, with 63% of Amazon.com customers planning their participation in the promotion four days before its launch, but that doesn’t mean the e-tailer is the only company that benefited from the occasion.
Best Buy Reports Better-Than-Expected Q1 Results
Noting strong results across all channels and geographies, Best Buy reported better-than-expected results for the first quarter ended May 5.
Sharp Launches New Steam Countertop Oven
MONTVALE, NJ— Building off the success of its built-in SuperSteam+ wall oven, Sharp has launched a countertop version that combines…
Best Buy Launches Branding Campaign
Best Buy is launching a new branding campaign. The campaign kicks off following several years of a turnaround plan and as the electronics retailer looks ahead to its Best Buy 2020 growth strategy.
Q4 Strength Boosts Best Buy’s Fiscal Year
Best Buy posted strong comparable sales growth in the fourth quarter.
New Technology Sales Growth Drives Best Buy Q3
Consumer enthusiasm for new technology has helped drive third quarter gains at Best Buy, said Hubert Joly, the company’s chairman and CEO.
eMarketer: Amazon Market Share Surges
In an eMarketer forecast of the top 10 U.S. companies ranked by retail e-commerce sales, Amazon.com gained market share year over year, with its share now exceeding 40%.
Blueair’s Blue Series Air Purifiers Rolling Out At Best Buy
Blueair’s recently launched Blue series of compact air purifiers are rolling out at Best Buy. The Blue by Blueair air purifiers includes the Blue Pure 411 and Blue Pure 211+, covering rooms from 161 square feet to 540 square feet.