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Best Buy Shares Plunge On Disappointing Holiday Sales Data
Thursday, January 16, 2014 - 12:01pm | 792Read More...On Thursday morning, Best Buy (NYSE: BBY) announced holiday results that were disappointing. The company reported revenue of $11.45 billion during the nine week period that ended January 4. The company collected $11.75 billion during the same period last year. Holiday sales were hurt by a...
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Brad Anderson Hopes For Better Days in Best Buy's Future
Friday, May 31, 2013 - 9:40am | 421Read More...Many analysts declared Best Buy (NYSE: BBY) close to dead, unable to compete with the likes of Amazon (NASDAQ: AMZN), Wal-Mart (NYSE: WMT), and even GameStop (NYSE: GME). But, strong leadership in the way of decisive decisions form their CEO Hubert Joly has allowed the electronics retailer to...
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Best Buy Tumbles on Earnings Miss
Tuesday, November 20, 2012 - 11:23am | 472Read More...Shares of electronics retailer Best Buy (NYSE: BBY) traded lower on Tuesday, down over 11 percent, after the company reported disappointing earnings for the third quarter. Year-to-date, shares of Best Buy are down over 40 percent. A combination of management issues and secular trends has wrought...
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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...






