Delays plague Best Buy website as holiday traffic builds


Best Buy says unprecedented traffic on its website caused delays Monday morning, although the company denied reports that the site had crashed.

Best Buy gave members of its loyalty program early online access to its Black Friday specials. A company spokeswoman says the delays were caused by a problem with the sales tax calculator that's part of the checkout process. Some customers reportedly waited nearly an hour to complete their transactions, sparking some social media backlash.

Best Buy is pinning high hopes on this year's holiday season. CEO Hubert Joly recently outlined a turnaround plan on Wall Street, where the company's stock price has fallen by one-third this year.

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Best Buy bid delayed?

Richard Schulze wants more time before making an offer for Best Buy, the company that he founded. Reuters reports Schulze, who has been working on his offer for months, is expected to take a 30-day extension to mid-December before submitting his final purchase proposal to Best Buy's board. Citing sources close to Schulze, the Star Tribune reported that his bid would come next week.