Richard Schulze

Best Buy Co. reported a net loss and sliding sales for its first quarter, weakness that the electronics retailer blamed on the costs of its ongoing turnaround and calendar shifts that affected the key Super Bowl selling day. Investors sent Best Buy...

For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...

Electronics retailer Best Buy Co. is leaving Europe, selling its stake in a partnership with London telecommunications company Carphone Warehouse Group as it attempts to simplify its operations. The Minneapolis chain said Tuesday that the boards of both...

Best Buy founder Richard Schulze is throwing his support behind the current management, returning as chairman emeritus to the electronics retailer he left in a haze of scandal last year and then tried to buy out. Schulze is bringing with him former...

Richard Schulze, Best Buy Co.’s largest shareholder, missed his window this week to attempt a takeover of the electronics retailer. But if its fourth quarter financials are any indication, the struggling company may not need him. Best Buy,...

Struggling electronics retailer Best Buy Co. Inc. said Tuesday that it is cutting 400 employees at its Richfield, Minn., headquarters in an effort to save $150 million. Most of the savings won’t come from salaries, according to a company...

Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth. In a Securities and...

Struggling electronics giant Best Buy Co. said holiday sales fell despite strong results online and in U.S. stores. For the nine weeks ended Jan. 5, the Minneapolis-based retailer posted revenue of $12.8 billion, down from $12.9 billion in the same...

Struggling Best Buy Co. has agreed to give founder and former chairman Richard Schulze more time to make a takeover bid for the electronics chain. The agreement allows Schulze, the company's biggest shareholder, to wait until the end of the holiday...

Electronics retailers can’t seem to hold on to their head honchos these days, as RadioShack Corp. said its chief executive, James F. Gooch, was stepping down. Gooch’s departure is effective immediately and the company’s board is already...

Richard Schulze has offered $24 to $26 a share to buy Best Buy, the teetering electronics retailer he founded in 1966 and helped run for decades before being elbowed out in a scandal this spring. Schulze is already the Minnesota company’s largest...

Best Buy Co. named a new chief executive Monday, proclaiming Hubert Joly -- the current head of Radisson and T.G.I. Friday’s parent Carlson -- as the best bet to save the beleaguered electronics retailer. Minnesota-based Best Buy has struggled in...