Mike Vitelli News
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Best Buy Co., the retailer resisting a takeover attempt by its founder, said fiscal third-quarter profit will be “significantly” below last year’s results as sales at established stores continue to decline.
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Best Buy Co. , the world’s largest consumer electronics retailer, may curtail three decades of tactical discounting and move instead to its own version of the everyday prices pioneered by Wal-Mart Stores Inc.
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Until Steve Jobs died, Best Buy Co. was plotting a familiar course for its Super Bowl ad: hiring a celebrity spokesman.
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Best Buy Co. is rebooting -- again.
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Mounting gloom over the outlook for jobs and wages caused American consumers to lose confidence in September, indicating spending will take time to recover.
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Best Buy Co. interim Chief Executive Officer Mike Mikan said the consumer-electronics retailer is “on track” to deliver on its annual plan and will focus more on training employees.
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Best Buy Co., after saying Chief Executive Officer Brian Dunn had resigned yesterday because the company needed new leadership, later said the resignation came amid a board investigation into Dunn’s “personal conduct.”
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Best Buy Co., the world’s largest consumer-electronics retailer, agreed to buy Carphone Warehouse Group Plc’s stake in their U.S. mobile-phone joint venture for 838 million pounds ($1.34 billion) and close the U.K. stores it opened less than two years ago.
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