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Best Buy Ekes Out 2% Growth in Q3; Stock Price Falls

Best Buy reports slower growth with lower profit margins due to price pressures on its TotalTech membership program.

Jason Knott · November 23, 2021

Is Now the Time to Sell Your AV Integration Business?

Buying opportunities exist in the custom electronics industry for the first time in decades, with 3X to 5X EBITDA multiples being paid for solid companies.

Jason Knott · October 26, 2021

Best Buy Acquires In-Home Healthcare PERS Provider Current Health

Best Buy acquires Current Health, an in-home wellness technology health platform based on a wearable armband device.

Jason Knott · October 12, 2021

Best Buy totaltech

Best Buy Takes $199 Totaltech Membership Nationwide, Adds Exclusive Access to Holiday Products

Best Buy Totaltech members will receive 10% off custom installation, free Geek Squad tech support, and access to ‘hard-to-get’ holiday gear.

Jason Knott · October 05, 2021

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Best Buy Revenues Surge 20% Higher

Best Buy Q2 revenues hit record $11.8 billion driven by home theater, appliances, mobile phones and installation services.

Jason Knott · August 24, 2021

len tweten magnolia

Magnolia Audio Visual Founder Len Tweten Dies at 94

Len Tweten formed Magnolia in 1954 and was early pioneer of audio and home theater before selling to Best Buy in 1988.

Jason Knott · June 17, 2021

Best Buy logo

Best Buy Q1 Sales Up Whopping 37%

Best Buy revenues were ‘stronger than expected’ with $11.6 billion in sales from February through May. Company raises forecasts.

Jason Knott · May 27, 2021

Best Buy President Stepping Down

Best Buy president Mike Mohan is leaving the company after 17 years. His role will not be replaced, but distributed among other executives.

Jason Knott · April 30, 2021

Best Buy Beta

Best Buy Beta $199 Pilot Membership Program Has Amazon Prime Feel

Best Buy Beta membership pilot program includes free shipping, free installation on certain products and unlimited Geek Squad tech support.

Jason Knott · April 14, 2021

Best Buy Q4 Revenues Up 12.6%; Cuts 5,000 Jobs

Best Buy announces solid Q4 revenues with home theater as a driver. Total Tech Support program remains strong. Retail store closings on tap.

Jason Knott · February 26, 2021