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Best Buy CEO not happy about midnight open on Black Friday

CEO Brian Dunn says Best Buy needs "to be where our customers are" and their decision to join other retailers opening midnight on Black Friday reflects that. Though, Dunn says he feels terrible that the hours will impact some employee's Thanksgiving plans.
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CEO Brian Dunn says Best Buy needs "to be where our customers are" and their decision to join other retailers opening midnight on Black Friday reflects that. Though, Dunn says he feels terrible that the hours will impact some employee's Thanksgiving plans.

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Related

Target employee rallies opposition to midnight Black Friday opening

An online petition started by an Omaha Target employee has taken off. It says the decision by the Twin Cities-based retailer to open at midnight on Thanksgiving night robs workers of time with their families on the holiday.

Target will open at midnight for Black Friday

The retailer says it's pushing back opening time four hours in response to customer demand. Stores will stay open for 23 straight hours.

Kohl's latest to join midnight Black Friday opening

The line between Black Friday and Thursday continues getting grayer. Now Kohl's is jumping on the midnight opening bandwagon, following in the footsteps of Target and the Mall of America.

Best Buy's interim CEO makes $3.3 million

Interim Best Buy CEO G. "Mike" Mikan is getting an annual base salary of $1.1 million, the equivalent of former CEO Brian Dunn's pay. In addition, Best Buy also will pay Mikan based on the annual performance bonus that Dunn could have earned last year: $2.2 million. Corporate governance experts say Mikan's pay is overly generous, given his lack of retail experience.

Best Buy CEO resigned amid misconduct investigation

A spokeswoman for Best Buy says a committee was investigating Brian Dunn's personal conduct when the CEO chose to resign. She says the issues that led to the investigation were not related to Best Buy's operations or finances. The company described Dunn's departure as a "mutual agreement that it was time for new leadership."

CEO's resignation won't end Best Buy's investigation of his conduct

Best Buy's board of directors says its investigation into Brian Dunn's personal conduct remains open even though Dunn stepped down as CEO this week. The company says the conduct it's looking into does not involve Best Buy operations or finances, but has offered no other details.

Best Buy revealing Black Friday deals

Best Buy is already giving shoppers a peak at holiday deals as it tries to gain an edge on rivals. One retail expert says Best Buy is probably trying to keep its customers from heading to Wal-Mart, which is rolling out the deals at 10 p.m.

Best Buy putting together search committee to pick new CEO

The electronics retailer says the committee will lead a global search for the successor to Brian Dunn, who resigned this week. The process is expected to take six to nine months and will look at both external and internal candidates, including interim CEO Mike Mikan.