Latest in Best Buy

Best Buy has formed a strategic partnership with streaming TV bundle purveyor Philo, the first such teaming in the electronics retailer’s history. Philo subscribers can get one month of Philo free with purchase of certain streaming devices, smart TVs and antennas at Best Buy. Alternatively, those signing up for a…

The retail chain’s stock price is up more than 6% in pre-market trading after it beat the Street’s earnings estimates in its report on the otherwise dreary quarter. Best Buy generated net earnings of $294M in the three months ending February 1, up from a $379M loss in the same period last year, on revenues of $14.5B…

In this week’s podcast, Deadline’s executive editor David Lieberman and host David Bloom take up Charter Communications’ $61.3 billion bid for Time Warner Cable; the potential impacts of an appeals court ruling throwing out FCC net neutrality rules; a stalling home-entertainment industry and Best Buy’s bad holiday…

The stock is down 27.6% in early trading following a company report showing that its efforts to match the prices of competitors including Wal-mart and Amazon backfired over the holidays. Sales at stores open at least a year fell 0.9% in the nine weeks ending January 4; they had been flat in the same period last year…

This is good news for consumers, but not so much for the electronics retailers who plan to engage in a dogfight for market share when it comes to selling smartphones, tablets, TV sets and other gadgets. Walmart said this morning that it will “match select Black Friday offers from Target, Toys R' Us and Best Buy&#8221…

The so-called store-within-a-store at Best Buy will offer Windows-based tablets and PCs, phones, Microsoft Office software, and Xbox consoles, the companies said today. Between this month and September the retail chain plans to allocate as much as 2,200 square feet of space at 600 U.S. and Canadian outlets to what…

Amazon’s had a big advantage competing with Best Buy‘s Web site: It seemed to be caught in “a 10-year time warp to 2002,” the retail chain’s global e-commerce and marketing President Scott Durchslag confessed in a remarkably frank presentation this afternoon to investors attending the Goldman Sachs dotCommerce Day…

The electronics and entertainment retailer’s investors seem to like the new plan to create Samsung Experience Shops at 1,400 Best Buy and Best Buy Mobile stores beginning this month. Best Buy shares are up about 8.7% in early trading, flirting with their 52-week high. The companies say that about 900 of the Samsung…

Media companies like CBS Corp and Netflix helped lead the charge for the large-cap stock index, which capped five months of gains today by finishing at 1,569.19, breaking a closing record originally set in October 2007. The S&P closed the quarter up 10%, its strongest frame in a year. Netflix was the benchmark index’s…

UPDATE, 9:10 AM: Best Buy founder Richard Schulze says in an SEC filing that the company rejected an offer that he made with support from “up to three leading private equity firms.” Although his effort might have helped to return the chain “to its position of market leadership,” he now believes Best Buy “deserves a…

Best Buy and founder Richard Schulze have ended talks whereby he and private equity investors were seeking three board seats in exchange for acquiring a minority stake in the consumer electronics giant, Bloomberg reported. Schulze wasn't able to line up debt and equity financing, according to sources cited by the news…

The retailer’s stock is up 5% pre-market after it disclosed that sales in the nine weeks ending January 5 fell just 0.4% vs the same period last year to $12.8B. Revenues at stores open at least a year were down 1.4% beating forecasts for a 2% drop, and all of the decline came from overseas. Domestic store sales were…