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Best Buy CEO Stares At Opportunity Promises Bold ActionDow Jones reports Best Buy is having a mixed fiscal first quarter. Interim Chief Exec Mike Mikan is acknowledging the electronic retailer's gaffs in lagging behind a 'drastically changed market' and promises bold action to turn it around. Best Buy is staring at opportunities and it needs help. What do you think bold action will ...Forbes - May 22 11:08am
Best Buy's Best Bet: Hire A CEO With Turnaround ChopsBest Buy is elbow-deep in muck. The Minneapolis-based merchant of electronics is in the midst of an aggressive turnaround while dealing with fallout from a sex scandal in the C-suite and the abrupt departure of its founder and chairman. The earnings report doesn’t look so hot either. Profits are down 40% and net income slid to $161 million down from $255 million last year.Forbes - May 22 09:45am
Best Buy Q1 stabilizes, but has to adapt to 'new realities'Best Buy remains in turnaround mode as it wrestles with online competition. [Read more]CNET - May 22 06:28am
Best Buy Beats EstimatesThe quarterly earnings of 72 cents a share handily surpassed the Zacks Consensus Estimate of 59 cents and increased 11% from 65 cents earned in the prior-year quarter.Zacks via Yahoo! Finance - May 22 10:10am
Best Buy results top estimates; outlook maintainedNEW YORK (Reuters) - Best Buy Co Inc reported better-than-expected quarterly results and maintained its outlook for the year as a turnaround plan started to take hold, sending shares in the world's largest consumer electronics chain up more nearly 4 percent. The stronger results eased concerns about the future of the retailer after Chief Executive Brian Dunn resigned abruptly last month amid a ...Reuters via Yahoo! News - May 22 05:21am
Best Buy picks Spencer Stuart to run CEO searchNEW YORK (Reuters) - Best Buy Co Inc , the world's largest consumer electronics chain, said it has selected headhunter Spencer Stuart Inc to conduct the search for a new chief executive. The news came almost six weeks after Brian Dunn resigned as CEO. Following his departure, the company said an internal probe found that Dunn had an improper relationship with a female employee. Best Buy is under ...Reuters via Yahoo! News - May 21 10:12am
Best Buy profit fallsMINNEAPOLIS - Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan.Worcester Telegram & Gazette - 7 minutes ago Best - News Videos Play Video Play Video Play Video Play Video 164 News VideosGet Updates