Best Buy Co

  1. Best Buy Results Beat Estimates

    March 27, 2009 12:00 AM EDT Best Buy Co posted a 23% drop in quarterly profit, but its shares rose after the retailer's adjusted results topped Wall Street estimates, and it forecast full-year profit above expectations as it benefits from the closure of former rival Cir ...

  2. Best Buy CEO Eyes Bankrupt Retailer Locations

    January 29, 2009 12:00 AM EST U.S. electronics retailer Best Buy Co could take advantage of bankruptcies in the sector by snapping up vacant store locations, but remains cautious as consumer spending continues to slide. "We are looking at some of those [stores], but our f ...

  3. Best Buy Narrows Full-Year Profit Forecast

    January 09, 2009 12:00 AM EST Best Buy Co, the top consumer electronics retailer, narrowed its full-year profit forecast on Friday after posting a 6.5 percent drop in December same-store sales during the worst U.S. holiday shopping season in nearly 40 years. The retailer said ...

  4. Circuit City Auction Canceled For Lack Of Interest

    December 17, 2008 12:00 AM EST Bankrupt electronics chain Circuit City Stores Inc did not receive enough bids on leases for stores it plans to shutter, forcing it to cancel an auction set for Thursday, a company spokesman said on Wednesday. Circuit City, the second-largest U.S. ...

  5. Circuit City To Shut 155 Stores

    November 04, 2008 12:00 AM EST Circuit City Stores Inc said it would close 155 U.S. stores and was considering all options to restructure in the face of a deteriorating cash position and tighter credit terms from vendors. The store closures will help to give the No. 2 U.S. cons ...