Best Buy Co Inc

Best Buy Co Inc <BBY.N> said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic.

Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic.

Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the first two months of the current quarter, as the electronics retailer kept its stores shut due to the coronavirus pandemic.

Electronics retailer Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees but retain a vast majority of its full-time store and field workers to cater to a surge in demand for work-from-home equipment due to the coronavirus lockdowns.

Best Buy Co Inc <BBY.N> said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.

* BEST BUY CO INC- DUE TO COVID-19 UNCERTAINITIES, WITHDRAWING ALL FISCAL 2021 FINANCIAL GUIDANCE PREVIOUSLY ISSUED ON FEBRUARY 27, FOR BOTH Q1 AND FY

* SAYS STARTING WEDNESDAY, MARCH 18, STORE HOURS WILL BE REDUCED TO 10 A.M. TO 6 P.M. LOCAL TIME

Retailer Best Buy Co Inc <BBY.N> said on Wednesday Executive Chairman Hubert Joly would step down and will not stand for re-election at the shareholder meeting on June 11.

Retailer Best Buy Co Inc <BBY.N> forecast largely lower-than-expected annual profit and sales on Thursday as electronics makers curb manufacturing due the coronavirus epidemic, sending the shares down 4%.

Best Buy Co Inc beat quarterly same-store sales estimates on Thursday on strong online and app sales, overcoming a largely disappointing holiday season for brick-and-mortar retailers.

Investment platforms must document how they select, monitor and deselect funds from the "Best Buy" lists they market to customers, Britain's markets watchdog said on Thursday.

U.S. consumer electronics retailer Best Buy Co <BBY.N> said on Tuesday its board had cleared Chief Executive Officer Corie Barry of misconduct allegations following an independent review.

U.S. consumer electronics retailer Best Buy Co said on Tuesday its board cleared Chief Executive Officer Corie Barry of misconduct allegations following an independent review.

U.S. consumer electronics retailer Best Buy Co <BBY.N> said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.

U.S. consumer electronics retailer Best Buy Co said on Friday its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.

Wall Street's three main indexes hit all-time highs on Tuesday, as gains for Disney and Best Buy countered weak consumer confidence data and a slump in shares of discount store operator Dollar Tree.

Best Buy Co Inc <BBY.N> signaled it expected a strong holiday shopping season by forecasting fourth-quarter profit above Wall Street estimates on Tuesday, sending shares of the biggest U.S. consumer electronics retailer up over 8%.

Best Buy Co Inc beat market expectations for quarterly same-store sales and forecast strong earnings in the holiday quarter on Tuesday, as the consumer electronics retailer's after-sale services helped pull in more customers into stores. Shares of the company rose 5.5% in...

Best Buy Co Inc <BBY.N> aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025, while ramping up its healthcare technology business, the biggest U.S. consumer electronics retailer said on Wednesday.