Tag archive: best buy co

“In response to customer complaints, Best Buy Co. Inc., the world's largest electronics retailer, promised Friday to eliminate mail-in rebates within two years. Best Buy's rivals, including CircuitCity Stores and CompUSA, are expected to follow suit. “Our customers are telling us they just hate the process,” said Ron Boire, executive vice president and general merchandise manager at Best Buy.” We love to… Read More

The company, which on Tuesday said it had received an unsolicited buyout offer from private investment firm Highfields Capital Management LP, has been has losing market share to bigger rival Best Buy Co. for several years and has been trying to improve its distribution system and revamp its stores. The 19 stores to be closed had combined revenue of $170 million in 2004. The company said it expects expenses of about $30… Read More