Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.Full story
Best Buy reported a first-quarter loss as it restructured operations, but adjusted results beat expectations. The company is working on a turnaround plan to improve results as it faces tough competition from online retailers and discounters. Here CEO Hubert Joly discusses its efforts to stay competi Full story
Hubert Joly, CEO of Best Buy, offers insight on the company's major overhaul.
Hubert Joly, President and Chief Executive Officer of Carlson, speaks during the 2010 Reuters Travel and Leisure Summit in New York in this file photo taken February 23, 2010. Best Buy Co Inc named French businessman Hubert Joly, former head of travel company Carlson, as chief executive on Monday,