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Best Buy stock tumbles, Radio Shack troubles could be cause

A weak earnings report from Radio Shack fueled the belief that brick-and-mortar electronics stores - like Best Buy - are losing their fight with online competitors.
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A weak earnings report from Radio Shack fueled the belief that brick-and-mortar electronics stores - like Best Buy - are losing their fight with online competitors.

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Related

Best Buy profits fall 29 percent; stock tumbles

The retailer's stock dropped in early trading after the company announced profits fell 29 percent, missing Wall Street's expectations. But, as the Business Journal reports, sales are up, both in stores and online. Black Friday advertising and a one-time fee over store closures in the U.K. drove down profits.

Experts look for 'bold step' from Best Buy Thursday

Store closings, layoffs, and downsized properties are some of the steps at least two analysts predict Richfield-based electronics retailer Best Buy to unveil. The company is struggling for market share against competitors such as Amazon.

Could Best Buy be a takeover target?

Raking in more than $1 billion in cash every year and sitting on very little debt, the retailer has become a tempting target for a private takeover, according to what industry analysts are telling the Star Tribune.

Could Best Buy be a good buy for Target?

Louis Johnston, chair of the Department of Economics at the College of Saint Benedict and Saint John's University, says merging the two Minnesota-based companies could be a win-win for the state's economy. (Photo Courtesy: MinnPost illustration by Christopher Henderson)

Even as CEO shrugs off 'showrooming,' Best Buy to match online prices

Minnesota-based Best Buy Co. is planning to match the prices of Internet competitors such as Amazon.com Inc. this holiday season, even as it plays down its concerns over shoppers browsing gadgets in stores only to buy them for less online, the Wall Street Journal reports.

Best Buy's new CEO gets $20M+ pay package

Hubert Joly, the newly appointed CEO at the troubled Richfield-based electronics retailer will earn a base salary of $1.175 million in his first year, CNN Money reports. He will also receive a mix of cash and stock options worth $20 million, according to the Pioneer Press. Joly takes the reins of Best Buy next month.

Best Buy executive stock options on the verge of being worthless

The Richfield-based retailer has watched the value of its shares drop more than 50 percent over the past two years as it struggles to grow sales. If the trading price continues to fall below the option price, the options held by executives are valueless. The Star Tribune explains ...