Best Buy is looking to exit Europe, selling its stake in its joint venture there to partner Carphone Warehouse Group PLC in a cash-and-stock deal valued at about $775 million.
Shares of Best Buy jumped on Thursday after it announced plans to create store-within-store kiosks for Samsung products -- a vote of confidence from a major consumer electronics retailer that the brick-and-mortar format is still an important way to sell products.
The announcement of layoffs and store closures for major Canadian retailers Sears and Best Buy signals change coming to this country's retail landscape, one retail industry analyst says.
Best Buy Canada suddenly shut down several Best Buy and and Future Shop stores across Canada Thursday – unexpectedly leaving hundreds of employees out of work.
Best Buy CEO says it's time to embrace 'showrooming.' Ten weeks into the job, Hubert Joly said the consumer electronics chain's results have been unsatisfactory, and the company must work to stabilize sales trends and increase profitability.
Best Buy's co-founder is looking to make a buy of his own, offering to take the electronics seller private only months after leaving as the company's chairman.
