While the “Big Box” closes stores and searches for a new CEO, analysts expect Best Buy to survive if it invests online and settles on a strong leader. Read More
There has been a lot of criticism of Best Buy in the wake of the unexpected resignation of CEO Brian Dunn, but at least one industry analyst thinks that much of the criticism has been ill-informed and “fact lite.” Read More
Can we blame Brian Dunn for Best Buy’s current woes? While many are pointing to Dunn’s shortcomings as a CEO, it's important to look at history and see that he inherited a lot of the company's current troubles. Read More
Apple shares topped $500 for the first time Monday amid a broad market advance, bringing its market capitalization to just over $460 billion. Read More
As Blackberry maker Research In Motion gears up to release its fiscal third-quarter earnings, pressure is rising on the telecommunications company to deliver. Mike Abramsky, managing director and software and wireless research analyst at RBC Capital Markets, weighed in. Read More
Best Buy's efforts to boost sales — particularly on Black Friday — by deep discounting took a heavy toll on gross profit margins, resulting in the retailer missing quarterly earnings estimates, Brian Nagel, senior research analyst at Oppenheimer & Co., told CNBC Tuesday. Read More
Best Buy may have been one of the biggest winners on Black Friday, but the shopping frenzy on Thanksgiving weekend probably didn't fix the company's core issues as it tries to shake its image as Amazon's showroom. Read More