Best Buy Is Going To Open New “Windows Store” Sections

Microsoft is going to place Windows Stores within Best Buy’s retail stores.  Best Buy is already known for hosting mini Apple Stores.  The Windows Stores will have large signs and tables that has several Microsoft products sitting on them.  The section will range at between 1,500-2,200 square ft.  Likely there will be a Windows Store employee at the location to help customers learn about the products and facilitate purchases.  Microsoft is expecting to bring around Windows Stores locations to about 600 Best Buy retail stores.
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Best Buy Exits European Market By Selling Stake Back To Carphone Warehouse For $775 Million

Best Buy is exiting the European market by selling 50% of their joint venture stake back to mobile phone retail company Carphone Warehouse for 500 million British pounds (US $775 million).  Best Buy is selling their stake at a huge loss because they bought 50% of Carphone’s retail operations for $2.1 billion in 2008.
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Samsung To Build Retail Sections Inside Best Buy Stores

If you have gone inside of a Best Buy store recently, you may have noticed that there is a section that is dedicated to Apple products.  Samsung will be opening 1,400 Samsung Experience shops within Best Buy’s retail stores.

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Best Buy Founder Richard Schulze To Return To The Company As Chairman Emeritus

In May 2012, Best Buy co-founder Richard Schulze stepped down from the company he founded in Minnesota back in 1966.  Schulze stepped down because he knew about an inappropriate relationship between the CEO at the time (Brian Dunn) and a female employee.  Schulze did not alert an audit committee.  After stepping down, Schulze talked to numerous private equity companies as part of a plan to take the company private.  Now Schulze is returning to Best Buy according to a statement from the company.  Schulze did not end up submitting a formal offer to buy out the company.

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Best Buy Does Not Receive An Offer To Go Private

Best Buy has not receive an offer from Richard Schulze to buy out the company and take it private. The deadline was scheduled for yesterday. The talks ended after Schulze and private equity investors sought 3 board seats in exchange for buying a minority stake in Best Buy according to sources with Bloomberg.  Schulze proposed buying Best Buy for $24-$26 per share in August.  However he was unable to line up debt and equity financing.

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Best Buy Said That They Have Killed Showrooming

Best Buy is known for being the victim of showrooming.  What this means is that people will walk into a Best Buy store, check websites to see if there is a better deal, and then buy electronics online instead.  Starting March 3rd, Best Buy will be price matching all local retail competitors along with 19 “major online competitors” in all product categories whenever a customer asks for it.  I don’t know any other brick-and-mortar retailer that does this!

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WATCH: Parks and Recreation Star Amy Poehler Starts In Best Buy Ad

On Sunday, Parks and Recreation star Amy Poehler starred in a Best Buy commercial where she acts like a crazy and flirtatious customer.  She asked questions of the Best Buy salesman like: “What the hack is the difference between all these phones?” “What’s LTE?  Is it contagious?” “So what makes a smart TV so smart?” “What’s the cloud?” “Where is the cloud?” and “Are we in the cloud now?”  Check out the video below:
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