The Geek Chic experiment has come to an end. Best Buy Co. Inc. and Target Corp. confirmed Tuesday they agreed to end a partnership that stationed Geek Squad agents at Target stores in Denver and Minneapolis. The six-month pilot program allowed Geek Squad agents to offer services to electronics customers at 29 Target stores, including installation, repair and warranty plans. The program covered a wide range of products — from mobile phones and MP3 players to e-readers and home theater systems. For Best Buy, the decision was not entirely surprising. Since CEO Hubert Joly joined the company in September, the Richfield-based consumer electronics retailer has refocused the company’s attention on fixing store operations, which accounts for most of its $51 billion in annual sales. “As part of our ongoing … transformation efforts we have been very clear that we are focused on the company’s core business, including the Geek Squad opportunity with Best Buy’s … [Read more...] about Best Buy and Target end Geek Squad experiment
Richfield best buy store
(AP) RICHFIELD, Minn. - Best Buy (BBY) announced over the weekend the locations of 50 stores that it is closing this year, including seven in California, six in Illinois and six in the company's home state of Minnesota. Complete list of Best Buy stores expected to close permanently The struggling electronics chain said last month that it would close some of its so-called big box stores, cut 400 corporate jobs and trim $800 million in costs. Best Buy plans to open 100 smaller, more profitable Best Buy Mobile stores. The company is trying to avoid the fate of Circuit City, which went out of business in 2009. It faces slower sales of expensive items like TVs, plus increased competition from Amazon.com and discount stores like Target. Best Buy store closing list: Is yours on it? Best Buy CEO's exit linked to "personal conduct" Best Buy creates committee to search for new CEO Best Buy has about 1,400 locations in the United States. It has already closed two stores this year, one … [Read more...] about Best Buy’s store closing list: Is yours on it?
NEW YORK - The Apple Watch is heading to some Best Buy (BBY) stores ahead of the holiday shopping season. Best Buy says it will sell the Apple Watch at 100 of its stores and on its website on August 7. Another 200 Best Buy stores will offer the smartwatch before the end of the year. Best Buy, which has more than 1,000 stores in the U.S., says it's the first national retailer to sell the watch outside of Apple's (AAPL) stores. The retailer, based in Richfield, Minnesota, will offer models of the smartwatch that cost between $349.99 and $699.99. Apple unveiled the watch in September and began taking orders in April. The Cupertino, California, company hasn't released any sale figures for the new device. But the company's quarterly financial report released last Tuesday suggests that sales were lower than many Wall Street analysts expected, though Apple said they exceeded internal projections. Among people holding off on the watch, some say they're waiting for early kinks to be worked out … [Read more...] about Soon you can buy an Apple Watch at Best Buy
In 2006, Best Buy began opening small “Best Buy Mobile” stores across the country, typically in shopping malls. A year later, the iPhone made its debut. These stores specialized in the sale and service of cell phones and other small devices. At one time, according to the Minneapolis Star Tribune, Best Buy operated more than 400 of these stores. But now the Richfield, Minnesota-based retailer is closing all 257 of its remaining mobile stores. A memo was sent to employees Feb. 28, and the company notified the federal Securities and Exchange Commission. >> Read more trending news The company will close all of the mobile stores by May 31. The company’s CEO Hubert Joly said on an earnings call that the stores were closing due to “changing economics in the mobile industry,” Dayton Daily News reported. Best Buy to close nearly 260 mobile stores, including local storehttps://t.co/1LZ8wAB3M3 pic.twitter.com/dohZ5ioor0— Dayton … [Read more...] about Best Buy to close all 257 mobile stores
In 2006, Best Buy began opening much smaller “Best Buy Mobile” stores across the country, typically in shopping malls. A year later, the iPhone made its debut. These stores specialized in the sale and service of cell phones and other small devices. At one time, according to the Minneapolis Star Tribune, Best Buy operated more than 400 of these stores. But now the Richfield, Minnesota-based retailer is closing all 257 of its remaining mobile stores, including eight in Georgia. A memo was sent to employees Feb. 28, and the company notified the federal Securities and Exchange Commission. The company will close all of the mobile stores by May 31. READ | Survey: Experts say Amazon will pick Atlanta or N. Virginia for HQ2 READ | Judge grants bond to Gwinnett man accused of rape, false imprisonment READ | Sandy Springs tightens grip on Airbnbs with more rules, expenses The company’s CEO Hubert Joly said on an earnings call that … [Read more...] about Best Buy to close all 257 mobile stores, including several in Georgia