| Jan 16, 2014
| 5:45 PM
It's not looking pretty for J.C. Penney.
The Plano, Texas, company said this week that it plans to close 33 under-performing stores around the country by early May and shave 2,000 jobs off its books. Chief Executive Myron Ullman called the move —...
| Nov 24, 2013
| 5:00 AM
As the hardiest of shoppers prepare for the annual Black Friday consumption frenzy, many are convinced it's their one shot at a great deal.
But "that's not even close to the truth," said Matthew Ong, senior retail analyst at online personal finance...
| Sep 26, 2012
| 9:10 AM
Electronics retailers can’t seem to hold on to their head honchos these days, as RadioShack Corp. said its chief executive, James F. Gooch, was stepping down.
Gooch’s departure is effective immediately and the company’s board is already...
| Feb 26, 2013
| 9:12 AM
Struggling electronics retailer Best Buy Co. Inc. said Tuesday that it is cutting 400 employees at its Richfield, Minn., headquarters in an effort to save $150 million.
Most of the savings won’t come from salaries, according to a company...
| May 21, 2013
| 8:00 AM
Best Buy Co. reported a net loss and sliding sales for its first quarter, weakness that the electronics retailer blamed on the costs of its ongoing turnaround and calendar shifts that affected the key Super Bowl selling day.
Investors sent Best Buy...
| Apr 30, 2013
| 9:57 AM
Electronics retailer Best Buy Co. is leaving Europe, selling its stake in a partnership with London telecommunications company Carphone Warehouse Group as it attempts to simplify its operations.
The Minneapolis chain said Tuesday that the boards of both...
| Mar 1, 2013
| 9:17 AM
Richard Schulze, Best Buy Co.’s largest shareholder, missed his window this week to attempt a takeover of the electronics retailer.
But if its fourth quarter financials are any indication, the struggling company may not need him.
| Feb 7, 2013
| 8:11 AM
Shoppers trod carefully in January, lured into stores by retailers dangling post-holiday clearance deals but spending sparingly to balance out higher payroll taxes and lingering economic uncertainty.
Same-store sales at major retailers such as...
| Mar 25, 2013
| 8:49 AM
Best Buy founder Richard Schulze is throwing his support behind the current management, returning as chairman emeritus to the electronics retailer he left in a haze of scandal last year and then tried to buy out.
Schulze is bringing with him former...
| Aug 6, 2013
| 5:00 AM
The home entertainment business is growing again, albeit slowly, despite the fact that people continue to spend less on DVDs.
After years of declines, total consumer spending on movies for home use grew 2% in the first half of the year to $8.63 billion....
| Sep 27, 2012
| 12:49 PM
After a disappointing loss to the Kansas City Chiefs on Sunday, what does New Orleans Saints quarterback Drew Brees do to vent his frustrations? He kicks off a fundraising effort with Samsung and Best Buy to help the Boys and Girls Clubs!
| Nov 15, 2011
| 9:42 AM
Black Friday, or (as we bargain hunters like to call it) the shopping Olympics, is almost here. If you're heading out, be sure to plan your route, put on comfortable shoes and time your arrivals. For the best deals, you'll need to be at the head of the...