Standard & Poor's says the Richfield-based company needs to make changes to its business model to improve performance. Last week Best Buy unveiled plans to close 50 big-box stores, including five in Minnesota.
Video shows officers ended pursuit before fatal crash in Anoka
The crash occurred when the driver fled police during an attempted traffic stop in Coon Rapids.
6-year-old Eli Hart identified as boy found dead in car trunk
The kindergartner's father was trying to get full custody of his son.
Boy found dead in trunk of car in Mound was kindergartner
"It is horrifying and difficult to process a tragedy of this magnitude, especially in our close-knit community," the superintendent wrote.
Man found yelling for help after being shot in Minneapolis
The shooting occurred on the 800 block of Elwood Avenue North at around 9:15 p.m.
Minneapolis North principal says she was fired, district says otherwise
“MPS requires schools to follow protocols in times like that and I did not,” Friestleben said.
UPDATE: Body found in vehicle trunk in Mound is that of a boy
Police say two people are in custody.
Brave New Workshop cancels shows due to COVID-19 cases
The shows were scheduled for Friday and Saturday at the Brave New Workshop Comedy Theatre.
Body of missing U of M student found in Mississippi River
Austin Retterath was last seen alive in the morning hours of May 8.
Summer mural events to bring together community, shine light on MN artists
The 2022 Chroma Zone Mural & Art Festival will take place this weekend in St. Paul's Creative Enterprise Zone, with ensuing events happening this summer.
Gallery: Remodeled lakeside home in Prior Lake on market for $2.8M
It offers privacy at the end of a dead-end road fronting onto Lower Prior Lake.
Carjacking outside ice arena in Golden Valley under investigation
Golden Valley PD confirmed it received a report of a carjacking Monday evening.
Best Buy relaunches Richfield store
Best Buy celebrates the grand re-opening of its remodeled Richfield store this weekend. The store's size was reduced by 20 percent. Shelf heights are lower. Less merchandise is stored on the sales floor and skylights provide natural light. If it succeeds, the Richfield store could be a model for many of the reeling retail chain's other outlets.
Best Buy's new boss starts retail gig
Hubert Joly, Best Buy's new new president and CEO, officially joined the troubled Richfield-based consumer electronics giant on Tuesday, the Star Tribune reports. Joly, a native of France, is the first chief executive officer at Best Buy recruited from outside of the company. He most recently led the Minnetonka-based hospitality and travel company Carlson. Joly will begin his new role at Best Buy on the sales floor of several stores in the Twin Cities metro. He tells Reuters, "I want to not learn our businesses from the headquarters. I want to learn from the front line."
Target, Best Buy, Supervalu among retailers impacted by Hurricane Sandy
Minneapolis-based Target and Richfield-based Best Buy closed roughly 200 stores on the east coast because of Hurricane Sandy on Monday. Eden Prairie-based Supervalu closed about 20 of its Acme Market stores.
Best Buy CEO: 'Showrooming is one of the greatest falsehoods'
Best Buy's new top executive, Hubert Joly, tells the Star Tribune that he's "not a big fan of shrinking the company." He wants the Richfield-based electronics giant to maximize sales with its existing stores. One analyst was also a bit puzzled by Joly's comments about "showrooming." "I don't think he's right. I think there's plenty of evidence of people doing that," said Laura Kennedy.
Best Buy drops ALEC membership
Richfield-based Best Buy is among the latest group of companies to withdraw its membership with American Legislative Exchange Council, MPR reports. ALEC says it is a bipartisan organization, but the policies it supports and its membership tend to be conservative.
Best Buy joins crowded computer tablet market
Next month, Richfield-based Best Buy will start selling its own Android-based tablet called Insignia Flex, Reuters reports. The new tablet is expected to be priced between $240 and $260. It will feature a 9.7 inch screen, a dual-core 1 GHz processor and a front-facing camera. Insignia Flex will be exclusively at Best Buy stores on November 11.
Best Buy second-quarter earnings plunge 90 percent
Richfield-based Best Buy says its second-quarter net income fell 90 percent as the big-box electronics chain logged restructuring charges and saw sales continue to decline. Best Buy also withdrew its earnings view for the year. The company says it earned $12 million, or 4 cents per share, in the quarter ended Aug. 4 -- compared with $128 million, or 34 cents per share.
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