19 result(s) displayed (1 - 19 of 19):
Best Buy Co. (NYSE:BBY) and TiVo Inc. (NASDAQ:TIVO) have created a technology alliance that will allow both companies to cross-promote products and services. A few highlights of the far-reaching partnership include:Prominent placement of TiVo DVRs in Best Buy storesPossible development of a user interface for TiVo DVRs that will allow...
Posted on July 9, 2009 3:36 PM
Best Buy Co. (NYSE:BBY) reported a 23% dip in fourth-quarter profit to $570 million, but still managed to beat analyst expectations. Sales rose 10%. It was certainly good news, and Best Buy is also poised to capture market share in 2009 from liquidating Circuit City Inc. Best Buy chief executive...
Posted on March 26, 2009 3:57 PM
Mexican billionaire Ricardo Salinas Pliego built up a 28% stake in Circuit City Stores Inc. but then let it slide into bankruptcy as a deal to take CC private got too complicated. An interview, cited in a DealBook post, shows Salinas regrets losing his $41 million and not getting the...
Posted on February 5, 2009 4:02 PM
It looks like Best Buy Co. could scoop up the vacant stores bankrupt competitor Circuit City Inc. is leaving behind after its liquidation. Chief executive Brad Anderson told Reuters at the World Economic Forum in Davos, Switzerland, that while the priority is to remain "cash strong," his company would consider...
Posted on January 29, 2009 2:10 PM
Bankruptcy Court documents from Jan. 5 were unsealed Friday, showing Circuit City Stores Inc. is seeking approval of procedures that would formally put the company up for sale, as a going concern, as separate business units or as individual assets -- including the sale of inventory. Mexican retail and...
Posted on January 9, 2009 1:34 PM
Best Buy Co. isn't letting the anemic economy keep it from making some bold strategic maneuvers. On Monday, the consumer electronics retailer announced it was buying Napster for about $121 million. As The Deal's Paul Bonanos reports, Best Buy was attracted to Napster's mobile digital platform and its 700,000 subscribers.At...
Posted on September 15, 2008 10:56 AM
We told you back on July 10 how Best Buy Co. was considering a plan to take its high-end appliance retail chain Pacific Sales Inc. national. Expanding the chain, which Best Buy acquired for $410 million in December 2006, would help the consumer electronics retailer achieve its goal to...
Posted on July 25, 2008 12:00 PM
That Best Buy Co. hopes to double revenues to $80 billion by 2013, as was reported on Wednesday, is not surprising. But how it plans to accomplish it sure is. According to Mike Vitelli, executive vice president for customer operating groups, Best Buy is readying itself to expand into the...
Posted on July 10, 2008 1:51 PM
Speakers at the Reuters Retail and Consumer Summit said retail mergers and acquisitions will crawl for about nine more months as the credit crunch takes its toll and will pick up again when financial markets are convinced most of the bad assets have been fully accounted for.A Reuters article...
Posted on June 20, 2008 3:47 PM
With earnings falling, Best Buy is scaling back its 2008 expansion plans in China. First quarter earnings dropped 7% to $179 million, while revenue rose 13% to $8.9 billion, and same store sales were up 3.7%. Revenue from its international operations - including businesses in Canada and China - was...
Posted on June 17, 2008 12:00 PM
Video retail chain Blockbuster Inc. has been cutting costs and raising prices in order to turn its business around, forecasting first-quarter net income of $30 million, according to Deal Journal. CEO Jim Keyes seems to think spending $1 billion on Circuit City Stores Inc. will help the cause. The mini-saga...
Posted on May 9, 2008 3:35 PM
It seems Standard & Poor's isn't so confident about Best Buy Co.'s ability to execute its big play in Europe. On Thursday, the consumer electronics retailer announced it was forming a joint venture with U.K.-retailer Carphone Warehouse Group plc. Best Buy invested $2.1 billion in the venture, which will operate...
Posted on May 9, 2008 11:55 AM
We've been following the strategic trajectory of Best Buy Co. since Kenneth Klee profiled the consumer electronics retailer in a 2005 Corporate Dealmaker cover story. Back then, the company had just launched an initiative to tailor products to different consumer segments, expanded its service business and was readying itself for...
Posted on May 8, 2008 12:55 PM
McKinsey Quarterly has just posted a roundtable on prediction markets that's well worth reading. Participants include execs from both Google Inc. and Best Buy Co., two of the strategically savviest companies around, which make regular use of these tools for pulling together the knowledge of folks in different parts...
Posted on April 16, 2008 11:27 AM
Blockbuster's Icahn-endorsed bid for Circuit City smacks of the top-down approach to dealmaking that has failed so often in the past.
Posted on April 15, 2008 8:42 AM
Electronics retailer Best Buy Co. has named David Berg executive vice president, international strategy and corporate development, one of four executive changes announced Wednesday by the Minneapolis-based company. Berg will handle mergers and acquisition activities and evaluate opportunities in new geographic markets. He'll also continue to run the company's commercial...
Posted on February 27, 2008 3:11 PM
With a majority stake in a Chinese retailer, Best Buy is going to find out how its customer-centric business model works in an even more competitive, price conscious market than the one it faces in North America.
Posted on August 15, 2006 11:43 AM
The giant consumer electronics retailer is thriving, but it can't afford to stand pat--especially in the way it runs finance, strategy and corporate development.
Posted on December 15, 2004 2:45 PM
Big companies like to buy small ones with good ideas and hook them up to their powerful distribution channels. The payoffs can be big, but when the target's a service provider, the challenges often are too. Yet as Best Buy Co. is proving with its purchase and buildup of...
Posted on December 15, 2004 10:49 AM
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