The latest in CE: Best Buy is again expected to post a strong quarter, proving analyst's wrong; Apple iPhone event date uncovered, and more.
Best Buy and Facebook plan to shut down around 200 of the 500 Oculus virtual reality demo stations at Best Buy locations throughout the country.
Best Buy and the CPSC reached a settlement agreement that will see the big box electronics retailer cough up $3.8 million in fines and penalties for selling recalled product.
Sony Electronics has begun expanding the presence of its Hi-Res Listening Stations at more than 250 additional Best Buy Magnolia Home Theater locations.
Best Buy CEO Hubert Joly sold off $12.8 million worth of the consumer electronics retailer’s stock. That total represents roughly 44 pe
Microsoft is gunning for a broader slice of the tablet audience with the $499.99 Surface 3, which is smaller than the Surface Pro 3 and doesn't have quite the same performance. Still, the tablet's hardware.
Best Buy isn't pulling out of Canada completely, like its fellow Minneapolis-based competitor Target recently did. But Best Buy has announced that it will close 66 of its "Future Shop" locations in Canada, and will convert the remaining locations to Best Buy stores.
For the 40-plus years that I have been in the consumer electronics (CE) business, retailers have been focused on how to grow revenue, increase margins and reduce returns. It was true in the 1970s and it still rings true today. Whether the focus of the business were TVs, VCRs, CD players, PCs, cellphones or smartphones, the issues are the same for retailers – “How do I make money in this low-margin business?” and “How do I get customers to shop at my store and not my competitor’s?”