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Best Buy Founder to Step Down in Wake of Inquiry

Best Buy Co.’s founder, Richard Schulze, will step down as chairman next month after an internal probe found that he didn’t alert other directors that his handpicked successor as chief executive, Brian Dunn, was allegedly having an inappropriate relationship with a female employee.

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Best Buy Details Store Closings

Best Buy on Saturday disclosed the 50 large stores it is closing as the struggling electronics retailer tries to shrink its massive footprint of about 1,100 big-box locations in the U.S.

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Best Buy Probes CEO Relationship

Best Buy Co.’s investigation into the personal conduct of former Chief Executive Brian Dunn is exploring whether he misused company assets in the course of an alleged relationship with a female subordinate, people familiar with the matter said.

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Best Buy Cites “Personal Conduct” for CEO Resignation

Best Buy Co. Chief Executive Brian Dunn resigned abruptly Tuesday amid what the company described as a board probe into his “personal conduct.”

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Best Buy CEO Resigns, Shares Jump

Best Buy announced Brian Dunn has resigned as CEO and director. The company said there were no disagreements between Dunn and the company and the decision was a “mutual agreement.” Director Mike Mikan has been named interim CEO.

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Best Buy CEO Defends Retailer

Best Buy Co.’s chief executive shot back Friday at critics who have been calling the retailer a relic, as the electronics giant reported lower December sales compared with the year before.

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Best Buy Acquires Carphone’s Stake in U.S. Venture

Best Buy Co. is closing its U.K. big-box stores and paying $1.3 billion to buy out its partner in U.S. mobile-phone retailing as the electronics giant retools its struggling business to focus on smaller shops.

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More Retailers Attack at “Black Midnight”

Best Buy Co. is joining the list of big store chains opening at midnight after Thanksgiving this year in hopes of getting a jump on the competition, following recent announcements by Target Corp., Macy’s Inc. and Kohl’s Corp.

IPad: Tonight We Feast on Laptop Flesh! [Updated]

Notebook sales are on the decline and the iPad appears to be responsible. That’s the word from Morgan Stanley analyst Katy Huberty backed up by some recent comments by Best Buy CEO Brian Dunn.

Don’t Tell a Soul! Media, Tech Moguls Take Manhattan for Semisecret Quadrangle Conference.

Wouldn’t you like to bump elbows with media moguls and hear from the likes of Eric Schmidt, Biz Stone and James Murdoch? Me too! Alas, Quadrangle’s Foursquare conference is closed to the public and the press. But at least I can tell you whom you won’t be hearing from.
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