BEST BUY

U.S. electronics retailer Best Buy and joint venture partner Carphone Warehouse have postponed the launch of their first UK store until the first quarter of 2010, the Financial Times reported.

Best Buy Co Inc said on Thursday it plans to lay off 250 workers at its corporate headquarters in Minneapolis as it cuts costs in the recession. But the top U.S. specialty electronics retailer added it will also create 210 new posts the idled workers could take, for a net loss of 40 jobs. The retailer said last month that involuntary layoffs would be necessary after about 500 of it...

Best Buy Co. and Target Corp. said Tuesday they are cutting jobs to reduce costs as they face lower consumer spending at their stores.

Best Buy Co Inc, the largest U.S. electronics retailer, said today its appointing Brian J. Dunn as its new Chief Executive Officer replacing Bradbury H. Anderson who will step down in June. The management move comes amid troubled times for retail stores hit by the economic recession as consumers cut their spending.

Best Buy Co., the largest U.S. electronics retailer, will open its first stores in Europe by paying $2.1 billion for a 50 percent stake in Europe's largest cell phone retailer, the companies announced Thursday.

Blockbuster Inc., the largest movie-rental chain, made an unsolicited $1.35 billion offer to buy Circuit City Stores Inc. to acquire all of its outstanding shares for at least $6 a share in cash.

Justin Timberlake, Lou Reed, Billy Joel and Ben Harper are among the big names who've signed up to induct members of the 2008 Rock and Roll Hall of Fame class next month in New York.

Top U.S. electronics retailer Best Buy Co, facing stagnant sales at home, said on Friday it would ramp up its expansion in China but would not grow through partnerships with local rivals. Best Buy will invest substantially and open a large number of stores in China in the next five years, and will launch online sales in the country in the next 24 months.

Wal-Mart, the world's largest retailer, has decided that it will exclusively sell second generation DVDs in the Blu-Ray format, dealing one in a series of blows to the rival HD DVD format.

Dell will close about 140 retail kiosks in the U.S., in an effort to adjust its evolving product distribution strategy.

The toll that economic uncertainty has taken on U.S. consumer electronics retailers was made very clear on Tuesday by Circuit City CEO Phil Schoonover. I am not smiling, Schoonover said, when asked to reflect on his 2007 sales.

U.S. consumer electronics leader Best Buy Co reported a better-than-expected 52 percent jump in third-quarter profit on Tuesday on strong sales of laptops and video games, and raised its full-year earnings forecast.

U.S. Stocks rose Tuesday as investors economic worries were consoled with the European Central Bank's $500 billion injection along with profit gains at Goldman Sachs and Best Buy.

At Apple Inc's new store in Manhattan, the smiling geniuses and concierges standing at attention are as important as the iPods and Mac computers on display.

Dell Inc. announced on Thursday it will begin selling PCs at more than 900 Best Buy Co. Inc. stores in an attempt to gain more of the U.S. consumer market.

Eager shoppers stormed malls and stores across the country on Friday to snap up the early-bird specials that mark Black Friday, the first official day of the U.S. holiday shopping season. While shoppers were looking for giveaways and discounts, analysts and investors were watching for signs of consumer strength or weakness.

The 2007 holiday shopping season kicked off on Friday with crowds of shoppers, many braving the bitter cold, snagging early bargains on one of the busiest shopping days of the year. Analysts expected moderate sales this year as consumers struggle with the slumping housing market, a credit crunch, rising food and fuel costs and uncertainty about their jobs.

Microsoft Corp began selling Halo 3 on Tuesday, hoping the acclaimed alien shooter game will widen its lead over Sony Corp in the battle for industry dominance.

Video game aficionados lined up before dawn on Monday for the midnight release of Halo 3, the acclaimed alien shooter game that Microsoft Corp hopes will widen its lead over Sony Corp in the battle for industry dominance.

Best Buy Co. Inc. said on Wednesday that it would open more North American stores than previously planned, buy back $5.5 billion in stock and raise its dividend 30 percent.

Top U.S. consumer electronics retail chain Best Buy Co. Inc. is speeding up its expansion in China, banking on robust demand in a fast-growing market that it entered just one year ago.