Minnesota-based retail chain Best Buy is looking to make some major changes to its business, as sales of electronics are moving online. Best Buy founder Richard Schulze told the Wall Street Journal that his company is going to cut prices to better compete with online markets like Amazon and Ebay. Furthermore the founder, who owns 1/5th of the [...]
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Best Buy founder Richard Schulze is considering making a bid to take the consumer electronics retailer private, the Wall Street Journal reports, citing “people familiar with his thinking.” The investment bank Credit Suisse is advisi... Read Post
Best Buy founder Richard Schulze is stepping down as chairman immediately so that he can "explore options" for his 20.1% stake in the company, the Wall Street Journal reports. Schulze was already set to resign, thanks to his role in... Read Post
It looks like Best Buy could find itself in the sale aisle. Best Buy founder and former chairman Richard Schulze is reportedly eyeing a move to sell his 20 percent stake in the company, the Wall Street Journal reports. But … Read Post