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

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

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

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

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

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