Best Buy | featured news

Best Buy's profit fell 30% as same-store sales continued to slide. The electronics retailer also revised its full-year earnings view.

It was widely reported that Best Buy was sitting on over 200,000 TouchPads before HP enacted their drastic price cut, but the fire sale has come and gone, and that would normally be that.

Apparently, the iPad isn't the only tablet in town capable of selling out. While the Asus Eee Pad Transformer might not have the big-name appeal of its Apple rival, the $399 16GB Honeycomb tablet managed to sell out online at Best Buy's website in its first day on sale.

Shoppers ignored Best Buy Co Inc's promotion of pricey 3D televisions and other high-end gadgets this holiday season as they chased bargains elsewhere, hammering the company's profits.

“For the holidays, the tablets will be mostly Android-based, plus the iPad,” said Mike Vitelli, Best Buy’s President of North and South American business, in an interview.

Buried in a story on Best Buy's retail strategy, CEO Brian Dunn mentioned a startling fact: Internal estimates showed that the iPad had cannibalized sales from laptop PCs by as much as 50%.

Best Buy's earnings jumped 61% as the retailer rebounded from a weakened year-earlier quarter on higher revenue and margins.

Best Buy will add the Amazon Kindle to its selection of e-book readers.

Facebook's "Like" button is popping up on e-commerce sites, but these Web companies are giving access to some of their users' data to the social-networking giant.

The Motorola Droid X is sold out online and in certain parts of the country at retail Verizon and Best Buy stores, despite Verizon Wireless' insistence on Wednesday that it would have plenty of the phones in stock. You will now have to wait until July ...