CEO Hubert Joly attributed the topline growth and margin improvements seen during the year to their investments in inventory availability, multi-channel execution and a more targeted marketing approach. However, industry and economic...Show More Summary
Consumers are shying away from tablets. Sales of the handheld devices have crashed 30% across the industry, Best Buy CEO Hubert Joly said on an earnings conference call. Best Buy's tablet sales declined less than the industry average, although the company declined to give specifics. Show More Summary
Shares of Best Buy are down by more than 9% in pre-market trading. In the electronics retailers' new holiday sales report, CEO Hubert Joly outlined a number of challenges the electronics retailer might face in 2015, including deflationary...Show More Summary
The holiday shopping season is again with us, and investors want to know which retailers are going to win or lose at the end of it all. On CNBC’s Street Signs, Staples, Inc. (NASDAQ:SPLS) co-founder and former CEO, Tom Stemberg, discussed some interesting names in the retail space. He looked at names such as Best […]
The wireless industry in the United States is in something of a transitional period. Things were fairly stagnant for quite some time and then T-Mobile rocked the industry last year, led by outspoken CEO John Legere and his “Uncarrier” initiatives. Show More Summary
The state of the tablet industry has not been promising lately. Over the last few months Apple reported slumping iPad sales, Best Buy’s CEO declared that tablet sales are “crashing,” and every analyst and pundit has been eager to declare … Read more ›
Alex Hawkinson, the CEO of SmartThings wasn't looking to sell his startup. But after Samsung approached him in May, it seemed like the best way to take advantage of the smart home opportunity. SmartThings CEO: We’re keeping the platform open after the Samsung buy originally published by Gigaom, © copyright 2014. Continue reading….
More and more people are relying on tablets for their day-to-day online activities and for a time, it seemed that they put an end to the era of laptops. Laptops, however, are making a comeback according to Best Buy CEO Hubert Joly. Joly said that tablet sales soared, but they are now crashing. The past
See the interview with Best Buy CEO Hubert Joly.
Best Buy recently increased its dividend by 12%, the first increase since 2012. The company has greatly improved its financial position since the its turnaround began, and the dividend increase is proof that CEO Hubert Joly's plan is working.
Steve Ballmer, best known for his long tenure as the CEO of Microsoft, is reportedly set to purchase the Los Angeles Clippers basketball team for $2 billion, according to the LA Times. Previously, he had been tipped to bid $1.8 billion...Show More Summary
Warren Buffett — the Oracle of Omaha and CEO of Berkshire Hathaway — is best known as an entrepreneur and value investor, whose philosophy of identifying undervalued stocks and buying and holding them for years has made him the second richest person on the planet, and for a while last decade, the very richest. Show More Summary
An Oculus Rift headset on every face. Now that Facebook bought Oculus VR for $2 billion, the company can sell the headsets at cost, CEO Brendan Iribe tells Time. You can preorder the developer kit today for $350. But that price will drop in the future. Show More Summary
The following is a guest contributed post from Dick Beedon, CEO of Amplifinity. There seems to be a consensus that referrals are the best form of leads. They close faster, buy more and stay longer. In fact, great sales people have been good at generating referrals for what seems like forever. Until recently, large corporations […]
CEO Hubert Joly has Best Buy making money again, but he still has a lot of work to do to fix the company.
Microsoft Corporation (NASDAQ:MSFT) has a new CEO. Satya Nadella is taking over for Steve Ballmer. From the outside, this may look like one of the best CEO jobs in the tech industry. However, as we dig deeper it is easy to see that there is a lot of pressure associated with the position. There is […]
My longer form reads to start your weekend: • Indecision is sometimes the best way to decide (Aeon) • Most Germans don’t buy their homes, they rent. Here’s why (Quartz) • The Techtopus: How Silicon Valley’s most celebrated CEOs conspired to drive down 100,000 tech engineers’ wages (Pando Daily) • Swedroe: The Sad Truth About...Read More
CEO calls latest financial results a "speed bump," but concedes it will take years to reverse the electronics retailer's decline
Best Buy shares are collapsing after the company reported abysmal holiday sales results. The disaster is surprising to many because Best Buy's turnaround had been lauded by Wall Street analysts for the past year. CEO Hubert Joly presented...Show More Summary