Best Buy

A Best Buy Update
April 20, 2020 at 10:01 am

The coronavirus pandemic has hit retailers in more ways than one. They’ve been forced to close their storefronts, lay off workers, and many of their top-selling products have either slowed production or are totally sold out. All of these things have been true for Best Buy.

Best Buy Furloughing 50,000 Workers
April 16, 2020 at 8:52 am

Best Buy Company CEO Corie Barry has announced massive job cuts as the CE retailer is furloughing more than 50,000 workers in its stores in the wake of the coronavirus outbreak.

Best Buy Shares Tumble After Earnings Miss, Tariff Concerns
August 29, 2019 at 12:50 pm

Best Buy saw its earnings per share beat expectations, while revenue was slightly down. Combined with the uneasiness over the impact of tariffs, the report sent the consumer tech retailer's stock tumbling.

Best Buy Names Matt Bilunas as CFO
July 25, 2019 at 10:47 am

Former SVP of Enterprise and Merchandise Finance, Matt Bilunas will serve as Best Buy's new CFO, effective July 29.

Best Buy Cancels Samsung Galaxy Fold Preorders
May 24, 2019 at 9:26 am

It's been almost a month now since Samsung announced it would delay the launch of the Galaxy Fold, and now Best Buy has started canceling preorders of the foldable phone

Early Reactions to Best Buy’s Slated Change in Leadership
April 15, 2019 at 4:00 pm

Best Buy announced its plans to promote Corrie Barry to CEO effective June 11, 2019. Several analysts provided their thought on the decision, and what the future of the company will look like after Hubert Joly.

Best Buy Board Elects Corie Barry as New CEO
April 15, 2019 at 9:03 am

With Hubert Joly set to transition into an executive board chair role this June, Best Buy has announced current CFO Corie Barry will become its new CEO.

Best Buy Shares Soar on Strong Earnings
February 27, 2019 at 9:20 am

Best Buys reported much stronger than expected sales and earnings on Tuesday morning, sending the CE retailer's stock up more than 10 percent in pre-market trading.