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Richard Schulze

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  • RadioShack CEO James Gooch steps down

    RadioShack CEO James Gooch steps down
    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.
  • Best Buy cutting 400 jobs to save $150 million

    Best Buy cutting 400 jobs to save $150 million
    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...

    Best Buy earnings slump on turnaround costs, Super Bowl shift

    Best Buy earnings slump on turnaround costs, Super Bowl shift
    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...

    Best Buy leaving Europe to streamline business

    Best Buy leaving Europe to streamline business
    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...

    Barnes & Noble Chairman Riggio plans retail bookstore buyout

    Barnes & Noble Chairman Riggio plans retail bookstore buyout
    Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth. In a Securities and...