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Best Buy Gives Schulze Two Seats, Expects Offer Soon
Tuesday, August 28, 2012 - 9:40am | 383Read More...Best Buy (NYSE: BBY) revealed this week that it will be giving company founder Richard Schulze two seats on the board, as well as access to the private information that he has requested as he looks to make a takeover offer. Talks broke earlier in August regarding a potential deal between Schulze...
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Wedbush Downgrades Best Buy
Wednesday, August 22, 2012 - 8:33am | 474Read More...Electronic retail giant Best Buy (NYSE: BBY) was downgraded from Neutral to Underperform by Wedbush Wednesday amidst calls for the company to take a deal being put together by former CEO Richard Schulze. Schulze bid $9.5 billion to take Best Buy private last week, but that bid was spurned. Schulze...
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Best Buy Hires Joly New CEO
Monday, August 20, 2012 - 9:39am | 401Read More...Electronics retail giant Best Buy (NYSE: BBY) has named former director of hospitality and restaurant company Carlson, Hubert Joly, as the new chief executive officer and president. It has been a tumultuous few months for Best Buy. In mid-May, the company announced the resignation of chairman...
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Best Buy Hopes to Make Millions by Cloning Apple
Thursday, July 5, 2012 - 11:51am | 296Read More...As part of its turnaround plan, Best Buy (NYSE: BBY) is testing out a smaller and sleeker store format that resembles the design of Apple's (NASDAQ: AAPL) retail outlets. According to the Wall Street Journal, the new store -- which is currently being tested near the company's headquarters in...
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Best Buy's New Showrooming Defense Could Scare Off Legitimate Customers
Friday, June 22, 2012 - 11:56am | 517Read More...In an effort to curtail a practice that threatens to destroy big box retailers, Best Buy (NYSE: BBY) has vowed to eliminate showrooming in all of its stores. The company, which operates more than 1,000 retail locations in the United States, has been hit hard with declining sales, poor management,...
