Best Buy Co. Inc.

best buy co. inc. - All News and Analysis

• Best Buy Offers Used IPhones at Lower Price

  Reuters - 2009-01-06

  ATLANTA (Reuters) - Retailer Best Buy Co, seeking new ways to appeal to cost-conscious shoppers, said on Tuesday it is selling refurbished versions of Apple Inc's iPhone 3G at its stores that are priced about $50 less than new iPhones.The electronics chain said the used iPhones, which were returned within...

  Tags: Apple iPhone, Best Buy Co. Inc., 3G, Cellular Phones, Wireless, Retail, Consumer Electronics, Personal Technology

• Best Buy Gains Market Share, Starts Selling Refurbished iPhones

  Seeking Alpha - 2009-01-06

  Eric Savitz (Barron's) submits: Without changing his rating or estimates, Stifel Nicolaus analyst David Schick Tuesday morning sifts through some implications of the holiday selling season for Best Buy BBY, which is to report earnings on Friday, before market open. Schick thinks that Best Buy will report comparable-store sales...

  Tags: Retail, Eric Savitz, Best Buy Co. Inc.

• Wal-Mart to Start Selling IPhones on Sunday

  Reuters - 2008-12-26

  By Jessica WohlCHICAGO (Reuters) - Wal-Mart Stores Inc said on Friday it will start selling Apple Inc's iPhone on Sunday, but the popular cell phones that can surf the web will not be priced as low as some anticipated.Wal-Mart plans to sell the black 8-gigabyte iPhone 3G model, which also...

  Tags: Apple iPhone, Wal-Mart Stores Inc., Apple Inc., Retail, Telecom & Utilities, Best Buy Co. Inc., Us

• Circuit City Gets Final Approval For Financing

  Reuters - 2008-12-22

  RICHMOND, Va (Reuters) - Electronics retailer Circuit City Stores CCTYQ got final approval for $1.1 billion in financing to provide liquidity as it reorganizes and said its same-store sales had dropped even more steeply than predicted.The debtor-in-possession financing, approved on Monday by U.S. Bankruptcy Court, enables the retailer to pay...

  Tags: Circuit City Stores Inc., Financing, Same-store Sales, Retail, Sales Strategy, Sales, Best Buy Co. Inc., Us

• TV Demand Strong at Walmart

  Seeking Alpha - 2008-12-21

  Compete submits: Recession doesn’t seem to be having much of an impact on the market for high-end TVs. According to a recent survey by Consumer Reports, 23% of respondents said they plan to purchase an LCD or plasma TV this holiday season. It’s likely that some of the...

  Tags: Retail, Compete, Best Buy Co. Inc., Wal-Mart Stores Inc.

• Best Buy Profiting as Rival Retailer Falls: Report

  Reuters - 2008-12-21

  NEW YORK (Reuters) - Top U.S. electronics retailer Best Buy Co has been gaining market share as rival Circuit City closes stores, and smart cost cutting could keep it shining throughout 2009, Barron's said in its December 22 edition.The weekly business newspaper said that while Best Buy shares were off...

  Tags: Best Buy Co. Inc., Retail Company, Retail, Shares, Us

• Best Buy Goes Leaner As Customers Waver, Competitors Press

  BNET - 2008-12-19

  Best Buy's finances took a hit in the third quarter, but the company also demonstrated that it understands the consumer and competitive landscapes have changed, and not necessarily in its favor. Operating income declined by a third, Best Buy slashed next year's capital spending budget...

  Tags: Best Buy Co. Inc., Electronics, Sales Strategy, TVs, Tv & Home Theater, Sales, Personal Technology, Home Entertainment, Mike Duff

• Advertising Roundup: Crispin Wins More Best Buy; Publicis's Social Media Bid; New Strategery Boss at Lowe; WPP Gets Danone's CRM

  BNET - 2008-12-19

  Crispin Porter & Bogusky wins more Best Buy -- Client moves the bulk of advertising in 2009 to the shop, dealing a blow to Omnicom Group's BBDO, which did the heavy lifting on the retailer's $380 million account this year. The client plans to focus overwhelmingly on its Geek Squad...

  Tags: Best Buy Co. Inc., Advertisement, Social Media, CRM, Advertising & Promotion, Marketing, Jim Edwards

• Earnings: Best Buy Asks For Voluntary Staff Departures To Deal With 'Challenging Environment'

  Content Next - 2008-12-16

  Best Buy reported Q3 earnings today, and outlined a number of cost-cutting measures, including asking for voluntary employee departures to deal with the most "challenging consumer environment" the company has ever faced. The company said it earned $52 million, or 13 cents a share, which was far less than...

  Tags: Best Buy Co. Inc., Environment, Earnings, Sales Strategy, Financial Accounting, Sales Force Management, Sales, Finance, Money, Tricia Duryee

• Best Buy F3Q09 (Qtr End 11/29/08) Earnings Call Transcript

  Seeking Alpha - 2008-12-16

  Question-and-Answer Session Operator Operator Instructions Our first question comes from the line of Gregory Melich with Morgan Stanley. Please go ahead. Gregory Melich - Morgan Stanley Thanks. Jim, could you get a little more deep into the gross margin? It’s impressive to see that improvement, given all that’s...

  Tags: Team, Best Buy Co. Inc., Call Transcript, Earnings, Morgan Stanley, Team Management, Management, Seeking Alpha

• Best Buy: There's Nothing Quite Like Being a Retailer During a Recession

  Seeking Alpha - 2008-12-16

  Chris Krasowski submits: Oh to be a Electronics Retailer during a recession, roughly as sought-after a profession as 'Big 3 personal flight crew', after that first trip to Washington. But Best Buy BBY is holding on in the midst of turbulence while its main competitor has all but bowed...

  Tags: Retail, Chris Krasowski, Best Buy Co. Inc.

• Best Buy Set To Open Higher on Earnings

  Seeking Alpha - 2008-12-16

  Hickey and Walters Bespoke submit: This morning, Best Buy BBY is set to have its biggest up gap on earnings since at least 2001. The stock is currently trading up $2.57 (10.95%) in the pre-market after beating EPS estimates by 11 cents ($0.35 vs $0.24). We...

  Tags: Retail, Bespoke Investment Group, Best Buy Co. Inc.

• Best Buy Plans Significant Spending Reductions

  Reuters - 2008-12-16

  (Reuters) - Best Buy Co Inc BBY said on Tuesday the company continues to prepare for difficult economic environment and it plans significant spending reductions.* Q3 adjusted earnings per share $0.35 excluding items* Q3 earnings per share $0.13* Sees FY 2009 earnings per share $2.30 to $2.90 excluding items* Q3...

  Tags: Best Buy Co. Inc., Earnings Per Share, Financial Accounting, Finance, Us

• Earnings Preview: Best Buy

  Seeking Alpha - 2008-12-15

  Best Buy Co BBY is expected to report Q3 earnings before market open Tuesday, Dec. 16, with a conference call scheduled for 10:00 am ET.Guidance Analysts are looking for a profit of 25c on revenue of $11.18B. The consensus range is 13c-47c for EPS, and revenue of $9.82B-$11.83B, according to...

  Tags: Retail, theflyonthewall.com, Best Buy Co. Inc.

• Best Buy: Will It Benefit from Rivals' Pain?

  Seeking Alpha - 2008-12-15

  Eric Savitz (Barron's) submits: Piper Jaffray retail analyst Mitchell Kaiser this morning raised his rating on Best Buy BBY to Buy from Neutral, while boosting his price target to $33 from $22. His theory is that the benefits to the company from the bankruptcy of Circuit City (CCTYQ.PK) outweigh...

  Tags: Retail, Eric Savitz, Best Buy Co. Inc.

• How the Helio Buyout Process Went: Virgin Mobile Wanted To Bring In a Retail and Financial Investor

  Content Next - 2008-12-12

  *Virgin Mobile USA* bought Helio earlier this year, for a paltry $39 million in equity and getting $50 million in investment from British parent Virgin Group and *SK Telecom*. That we reported on in detail at that time. Now finally, VMUSA has filed details of how the sale process...

  Tags: Best Buy Co. Inc., Financial, Virgin Group, Virgin Mobile, Investor, Financial Accounting, Finance, Mobile, VC+M&A, Mergers & Acquisitions, Rafat Ali

• Mobile Content Bits: Vodafone Artist Discovery; Handango; Virgin Mobile Apps; iPhone Copy & Paste

  Content Next - 2008-12-11

  -- Vodafone (NYSE: VOD) Partners With MTV On Artist Discovery: Vodafone has launched a new four-week promotion called Fast-Track that asks unsigned bands and artists to compete for an opportunity to record a single and music video that will be aired on MTV. Interested musicians from 26 eligible countries...

  Tags: Handango, Apple iPhone, Best Buy Co. Inc., Vodafone Group Plc., Mobile, Virgin Mobile, MTV, Pastebud, Retail, Video On Demand (VoD), Advertising & Promotion, Smart Phones, Handhelds, Personal Technology, Home Entertainment, Marketing, Consumer Electronics, Hardware, Companies, Apple, Operators, MVNO, Helio, Virgin, Vodafone, Viacom, Matt Kapko, Palm Inc.

• Tech Roundup: Google, Microsoft Face Off, Kindle Late, Best Buy MacBook Prices, More

  BNET - 2008-11-25

  Google cuts back workforce and holiday party; Microsoft and Google in bidding war for Verizon ad deal; Amazon won't ship its Kindle 2.0 until next year; iSuppli downgrades estimate on 2009 PC shipments; Best Buy actually to cut MacBook prices below list; and Apple may be working on a netbook....

  Tags: Google Inc., Best Buy Co. Inc., Advertisement, Microsoft Corp., Retail, Pricing, Marketing Research, Notebooks, Marketing, Hardware, Notebooks & Tablets, Erik Sherman

• Rumors of Best Buy’s Demise Are Greatly Exaggerated

  Seeking Alpha - 2008-11-25

  Geezeo.com submits: Best Buy (NYSE: BBY) recently slashed their revenue and profit forecast based on huge swings in consumer purchasing behavior. Don’t expect this to be much more than a small blip for Best Buy/ Although there may be less people shopping at Best Buy, given the economy. those...

  Tags: Retail, Geezeo, Best Buy Co. Inc.

• A Sign of the Times: Macs on Sale

  Seeking Alpha - 2008-11-25

  Sam Diaz submits: If there’s one thing about Apple AAPL products that you can pretty much always bank on, it’s that they rarely go on sale. Best Buy BBY launched some pre-Black Friday specials that discounts a whole lineup of Macbooks, iMacs and even the Mac Mini....

  Tags: Hardware, Sam Diaz, Apple Inc., Best Buy Co. Inc.

• Incorporated: 1966
• CEO: Mr. Bradbury H. Anderson