best buy

Best Buy set to kill its Connect mobile broadband service

Best Buy set to kill its Connect mobile broadband service

Best Buy isn't doing so well in the consumer market today and the company has been looking to shore its operations up. Recently the company ditched CEO Brian Dunn as it looks for new management. The company has also announced that it is discontinuing its Best Buy Connect mobile broadband service. This mobile service is no longer taking in-store or online activation requests.

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Best Buy ex-CEO Brian Dunn could get $3.35 million in severance

Best Buy ex-CEO Brian Dunn could get $3.35 million in severance

Even though he isn't going out with a perfectly clean record, the man who was ousted as the CEO of Best Buy may be walking home with a golden parachute of up to $3.35 million. That's if it is determined that his departure was not due to misconduct. If the retailer pays him nothing, it would mean a drawn-out legal battle that might cost more than it would be worth.

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Best Buy drops list of 50 store closures – are you amongst them?

Best Buy drops list of 50 store closures – are you amongst them?

Everyone working in the United States at a Best Buy Big Box store that've been on-edge about the future of their branch will today either be sighing with relief or breaking out their resumes as Best Buy has released a final list of USA closures. The giant list of 50 closures has been brewing now for many weeks, with the final 42 closures being listed by Best Buy this week. Included in these are one location in Kansas City Missouri, another in Scottsdale Arizona, and a whopping five in Best Buy's home state of Minnesota - each of them in the Twin Cities.

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Best Buy CEO resigns amid $800m cost cut program

Best Buy CEO resigns amid $800m cost cut program

Best Buy CEO and director Brian Dunn has resigned, leaving director G. Mike Mikan to take the reins as interim CEO as the retailer attempts to find someone who can lead the electronics chain to profit. Described as a decision based on "no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, policies or procedures" by Best Buy, no reason for Dunn's resignation has been given, though it's worth noting that the company made a net loss of $1.7bn in its most recent financial quarter.

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SlashGear Evening Wrap-Up: March 29, 2012

SlashGear Evening Wrap-Up: March 29, 2012

Happy Thursday, everyone. It's time to check out what made news on this day, as we approach ever more closely the end of the month. Speaking of closing things, Best Buy has announced it will close 50 US stores as part of a corporate restructuring. Best Buy isn't the only one feeling hurt right now, though. Research in Motion just posted its Q4 2011 numbers. As you might expect, they were dismal. And on some brighter news, we have this - HTC One X caugt in the wild.

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Best Buy restructure includes 50 US store cuts

Best Buy restructure includes 50 US store cuts

Your local Best Buy store may be right along the razor's edge this week as the electronics giant makes relatively large cuts to their retail footprint amid slow profit growth. Included in this cut are 50 big box stores inside 2012 as well as an estimated 400 jobs. The jobs, surprisingly enough, are said by Best Buy to be cutting mainly from corporate headquarters - this pointing toward a restructuring of the company's business as well as its physical presence in the United States.

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Best Buy nearly matching Apple in iPhone sales

Best Buy nearly matching Apple in iPhone sales

While Apple stores are immense in popularity, their scope doesn’t reach quite as wide as some other retail outlets. A few years ago, Apple partnered up with Best Buy in order to shift more iPhones. Best Buy host miniature Apple stores wtihin their own retail space, typically in locations Apple feel aren’t financially justifiable. That partnership is definitely paying off, as Best Buy sells almost as many iPhones as Apple.

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Stock likely tight for Apple partners’ new iPad sales

Stock likely tight for Apple partners’ new iPad sales

This morning it's been announced that Apple will not only be selling the new iPad from their own retail locations, they'll be working with a series of 3rd party stores as well - this likely spreading the stock thin for everyone involved. This iPad release will have Apple joined by Best Buy, RadioShack, Sam's Club, Target, and Walmart, not to mention the two big mobile carriers giving this iPad its first dose of 4G LTE: AT&T and Verizon. Like last year's release of the iPad 2, customers should expect lines to be long and stock to be short - people are already lined up waiting for the Friday 8AM release, believe it or not!

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Best Buy begins HTC One X pre-orders

Best Buy begins HTC One X pre-orders

HTC's new One X phone is the most sophisticated and technologically powerful phone by HTC yet (and HTC has put out some pretty monstrous phones). Because of that, Best Buy thinks customers will be all over it and has decided to already begin taking pre-orders for the device. You'll need to specifically ask a Best Buy employee for the pre-order, as it isn't advertised in the store.

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Best Buy faces criminal investigation for pornography on display TV

Best Buy faces criminal investigation for pornography on display TV

Best Buy has apologized for the fact that pornography managed to show up on a 55-inch TV in its store two days in a row. The retailer said it did not know who was responsible for the salacious content, but said it was due to someone hacking into the store's Wi-Fi network. One shopper was quoted as describing the images that appeared on the screen as "extremely, extremely pornographic." A police report was even filed by an offended customer.

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