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How Best Buy Keeps Growing in The Age of Amazon

Best Buy’s shares are flying high heading into Black Friday, harking back to a time in the mid-2000s when the retailer was still opening new stores and Amazon.com was seen as more of a curiosity than a major threat. And smiling — at least, for now — is Best Buy CEO Hubert Joly, who delights […]

Amazon Passes Walmart As No.2 In Electronics

Amazon has become the second-largest retailer of consumer electronics in the world, behind only Best Buy. Charted by TWICE Magazine’s annual Top 100 Consumer Electronics Retailers report, comes less than 17 years after the e-tailer launched its first online tech store. In the process, the House That Jeff Bezos Built has leapfrogged multitudes of mighty […]

Best Buy Sells Europe Business Back to Carphone Warehouse

Best Buy Co. is getting out of Europe. The electronics retailer is selling its 50% interest in Carphone Warehouse Group PLC’s Europe business back to Carphone Warehouse in a mostly cash deal valued at about $775 million [pounds sterling] The sale marks Best Buy’s final step to unwind a costly and unsuccessful 2008 joint venture […]

Best Buy opens first UK store

Thousands of shoppers in the United Kingdom were ready to grab bargains, as US electrical giant Best Buy opened its first UK store. They crowded outside before the 7am opening time. Customers are being offered all their money back on TVs over £499 bought before June 5 – if England win the World Cup (that’s […]

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