If you see a TV that normally sells for $2,000 suddenly listed for sale at $99, you probably know it’s either stolen, worthless, or — most likely — a pricing error. You’re free to try to take advantage of that goof, but you don’t really have much of a legal leg to stand on if they realize the error and cancel your order.
If you show up to work so overly medicated that you won’t remember it the next day, it’s pretty likely that your employer is going to notice and send you home (and maybe tell you to never come back), but if you wreck your car on the way home, can you hold your employer responsible for letting you drive away? [More]
When does the “holiday season” begin? Apparently, for Best Buy, it still begins in late October. The Minnesota-based electronics retailer is re-introducing free shipping for the holiday shopping season, from now through Dec. 24. We’re in the holiday shopping season? Does Best Buy sell Halloween costumes now? [More]
It’s against the law to sell any product that has been officially recalled by the U.S. Consumer Product Safety Commission, but back in 2014 Best Buy and its closeout stores were found selling electronics and furniture after they had been recalled. The retailer then allegedly continued selling additional recalled items well into 2015. Now, to close the book on these allegations, Best Buy has agreed to pay a $3.8 million penalty. [More]
Best Buy has managed to survive, defying the expectations of experts and shoppers, by creating themed mini-stores and price-matching its online competition. Now the company has a new idea: teaming up with companies that make popular crowdfunded products to get them on the shelves of Best Buy. [More]
A few years ago, it seemed like Best Buy was nothing more than a poorly decorated Amazon and Newegg showroom, and the business of big-box electronics stores was doomed. Sometimes, though, the popular wisdom isn’t true, and an electronics store that appears to be doomed can make a comeback. [More]
They’re names you probably come into contact with every day — Walmart, McDonald’s, Nike, and more — but they were once newcomers on the scene, with names they shed years ago. [More]
Often when a shopper is loyal to a brand, product, or company, it’s simply because they have a long history with it. That’s why retailers are trying to hook college-age students now — even before full-time jobs bring them a disposable income — in the hopes that they’ll become lifelong shoppers. [More]
Tell us if this sounds familiar: Best Buy has a program that will send tech-savvy staffers to your house to troubleshoot issues with your electronics (while also trying to upsell you on new products). It’s a service model the retailer has been pushing for more than a decade through its Geek Squad and Magnolia brands, but it’s getting yet another makeover in a new pilot program.
Remain calm, investors, shoppers, and employees of Best Buy. Okay, yes, Best Buy CEO Hubert Joly sold half of the shares in the company that he owns that are vested and that he’s legally allowed to sell, but that’s just about his personal investment choices, not meant as a statement about the future of the company. Hey, why is the stock price falling? [More]
Over the last few years, Best Buy has taken the internet’s snide jokes about using its stores as an Amazon showroom, listened to them, and then stubbornly refused to go out of business. Best Buy calls its results this quarter “better than expected,” which is true, but their continuing existence is also “better than expected.” It’s the last national big-box electronics retailer standing, with $39.5 billion in revenue during the fiscal year that ended in January 2016 and growing online sales. [More]
If you exhaust all the money on a prepaid debit card and have no intention of refilling it, your tendency is probably to simply discard the piece of plastic and move on with your life. But you may want to hold on to that card for a while, lest you have to jump through hoops if you return the purchase. [More]
Oculus began accepting pre-orders for their Rift virtual reality headsets back in January, but not everyone who ordered early has their device yet. Those customers will probably be disappointed to hear that Oculus is going ahead with its retail strategy. Some devices will be available for retail sale at Microsoft stores and from Amazon on Friday, May 6, and available for special demos and for sale at a few Best Buy locations on Saturday, May 7. [More]
Volkswagen Beetles? That’s so last decade, at least where Best Buy’s Geek Squad is concerned: the tech support service is trading in the retro, kitschy appeal of the VW Beetle for the environmentally-friendly Toyota Prius. [More]