Content about Best Buy Inc.

June 25, 2014

Best Buy Inc. is reportedly considering selling off its Chinese business or finding a partner to help operate it.

Minneapolis – Best Buy Inc. is reportedly considering selling off its Chinese business or finding a partner to help operate it. According to the Wall Street Journal, Best Buy is working with Bank of America Merrill Lynch to examine its options in China.

April 15, 2014

Best Buy Inc.’s president of U.S. retail stores, Shawn Score, 48, has retired, effective immediately, after spending 29 years with the company.

New York -- Best Buy Inc.’s president of U.S. retail stores, Shawn Score, 48, has retired, effective immediately, after spending 29 years with the company. His responsibilities will be assumed by Best Buy’s chief human resources officer, Shari Ballard.

Ballard joined Best Buy in 1993, and has served in a variety of executive positions, moving into the HR position in 2013. Ballard will continue to head up human resources in addition to taking on the new duties.

August 27, 2013

Best Buy Inc.’s founder and largest shareholder, Richard Schulze, plans to sell off an unspecified portion of his 20% stock holdings in the chain, according to a filing with the Securities and Exchange Commission.

Richfield, Minn. -- Best Buy Inc.’s founder and largest shareholder, Richard Schulze, plans to sell off an unspecified portion of his 20% stock holdings in the chain, according to a filing with the Securities and Exchange Commission.  

The move is part of Schulze's “personal long-term strategy for asset diversification and liquidity,” according to the filing, which did not disclose the total number of shares expected to be effected by the sale.

September 17, 2012

A filing with the Securities and Exchange Commission revealed that Best Buy Inc. CEO Hubert Joly has sold $1.19 million worth of shares of common stock of the company.

Minneapolis -- A filing with the Securities and Exchange Commission revealed that Best Buy Inc. CEO Hubert Joly has sold $1.19 million worth of shares of common stock of the company.
 
Joly sold 65,796 shares at a price of $18.02 per share, according to the SEC filing. According to Best Buy, the stock sale was made to cover taxes associated with stock grants.

 

December 31, 2008

Retailing has always been a gamble, with inventory management perhaps the consummate game of chance....

December 31, 2008

Retailing has always been a gamble, with inventory management perhaps the consummate game of...

September 15, 2008

On the heels of Monday’s news that Best Buy would acquire online music-sharing site Napster...