Consumer electronics company Best Buy has been trying to lure customers to preorder the LG G4 smartphone by giving a Best Buy gift card of about $100 with the order. There are reports that the new LG G4 will be a new flagship device, which will compete with phones like Samsung's Galaxy S6 and S6 Edge, iPhone 6 and 6 Plus of Apple and the HTC One M9.
According to smartphone experts, the new LG G4 will offer the users two coveted features: a removable battery and microSD expansion slot. The new smartphone of LG will overcome the Galaxy S6 and S6 Edge of Samsung which do not have removable battery or microSD expansion slot. The new smartphone will allowed the users to have a user-removable battery.
Financial results for the first fiscal quarter of 2016 were released by Best Buy, one of the largest consumer electronics retailers in the world.
Best Buy's domestic segment revenues in the first quarter rose 1.4% year-over-years to $7.89 billion. This indicated good growth rate for the retail industry that has regularly witnessing fall in revenues and negative comps in the past few years.
On an enterprise basis, Best Buy's comparable sales were up 0.6%, which was much better than last year's comparable store sales growth rate of (1.8) %. Online revenues were up 5.3% compared against 29.2% in the year ago quarter.
The shares of Best Buy Co. Inc fell significantly on Thursday after the company said that its revenues fell during the holiday period this year.
Investors were disappointed with the sales as they were expectinmg an increase in the holiday season sale for the company. The retailer said that its U. S. sales, those at stores and online operations open at least 14 months, fell 0.9 percent compared to a market expectation of an increase of 0.7 percent.
According to a Friday report in the Wall Street Journal (WSJ), Best Buy will be offering a $100 discount on Windows 8 touchscreen desktops and laptops during a two-week promotion which begins this Sunday, February 24.
Two directors of Best Buy Co Inc have now decided to resign from the retailer and the move will now leave four vacancies in the board of the company.
Best Buy Co Inc has said that two of its directors have resigned and one includes a former chief executive of the company. The company is facing difficulties customers are increasing using its stores just to check products that they wish to purchase online.
Weeks after Finnish handset-maker Nokia's unveiling of its new Windows Phone 8-based Lumia 820 and Lumia 920 smartphones last month, the company's flagship Windows 8 handset, Lumia 920, is now available for pre-order from bigwig US retailer Best Buy; which has also started accepting pre-orders for the HTC Windows Phone 8X.
After releasing quite a few teasers of late about a mystery device, Best Buy has recently unveiled its homegrown Android-based cheap 9.7-inch tablet called the Insignia Flex, which - as per a Reuters report - will likely be priced in the range of between $239 and $259.
Troubled retailer, Best Buy has revealed in a filing with the Securities and Exchange Commission that it will pay a base salary of $1.175 million to its incoming Chief Operating Officer Hubert Joly.
The new CEO of the company will also receive cash and stock worth $16.25 million as compensation for forfeitures that happened in travel company Carlson Wagonlit because of his resignation. He will also receive stock grant worth $3.75 million that are subject to the movements in the shares of the company.
Retail giant, Best Buy is offering impressive discounts on Apple's newly released MacBook Pro and MacBook Air models.
The retailer is offering Retina Pro with 8GB of memory and a 512MB solid-state drive model for $2,659.99 compared to $2,799.99. The cheapest Retina display model is now priced $110 lower at $2,089.99. The price of New MacBook Airs fell to $949.99 from $999.99.
The famed US retailer, Best Buy has scored a lengthy sales record at its first opening in UK. The all new Thurrock based store has witnessed a sale which has taken the US retail giant in surprise, as it clocked the highest sales figures for the company.
This store freshly joins the league of 1,150 Best Buy stores around the world that includes the outlets present in Mexico, Turkey and China.
The sources reveal that it is a 50,000 square-foot Thurrock store that opened for sale on 30 April. It has partnered with UK retailer Carphone Warehouse, to increase the list to significant levels.
The officials at the Best Buy state that they are ready to launch eight more outlets in the coming March all over the country.
It has become official now. The retailing joint, Best Buy. com will offer iPad. Meanwhile, AT&T will become its partner in providing the 3G service.
As per the sources, who also claim that Apple's iPad will be coming in the market by April 3, the debut of iPad will be made on Best Buy.
Best Buy, which is expectedly the biggest electronic retailer of the US, on the other hand has accepted that it wishes to stock the entire mart with the tablet PCs.
Consumer electronics retailer Best Buy Co. posted 37 per cent rise in its earnings for the fourth quarter. The better than expected results surfaced as sales of notebook PCs and TVs zoomed up on back of falling prices, the company reported.
The best part of the announcements made by the company in Thursday is that this quarter represented the retailer's 17th consecutive market share gain. Interestingly, its biggest rival Circuit City Stores Inc. closed many of its stores last year.
According to the recent news, Panasonic group has expressed its will to team up with Best Buy Co., America's leading electronics retailer, to play the new 3-D televisions in U. S. stores. The company is all set to provide the sets at discounted price close to 50%, as the Panasonic in play wants to push the technology drive in the market.
Electronics retailer Best Buy Co. on Friday claimed that its sales witnessed a sharp rise in December as costumers purchased notebook computers, TVs and mobile phones ahead of the holidays. However, the earnings remain stagnated and its shares fell 1.5 percent in premarket trading, to $40.90.
Its revenue increased 13% to $8.5 billion for the fiscal month of December ended January 2, 2010. The revenue for the five-week period compared to $7.5 billion for the five-week period ended Jan.
Additionally, the company witnessed that domestic online revenue in fiscal December increased 34% versus the prior year, driven primarily by growth in Web site traffic accounting to strong consumer electronics and appliance sales.
A recently-announced retail partnership between Google and Best Buy Mobile will facilitate the distribution of the Google Mobile App on smartphones sold in-store at Best Buy’s mobile specialty retail division.
The ‘Google-Best Buy Mobile’ team-up will make US’ leading electronics retailer the first company to co-market the Google Mobile App - an app that enables users to search Google from their mobile phones - to prospective consumers.