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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

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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

Best Buy CEO Corie Barry to Keynote Digital CES 2021

CES 2021 all-digital event will feature more than 100 conference sessions, 1,000 exhibitors and a live anchor desk.

Jason Knott · December 15, 2020

Jim Tweten

Longtime Magnolia Exec Jimmy Joe Tweten Dies at 69

Jim Tweten, who grew Magnolia Hi-Fi & Video to 18-store chain, then developed Magnolia Home Theater inside Best Buy, dies.

Jason Knott · November 25, 2020

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Home Theater Helps Drive Best Buy’s 23% Q3 Revenue Growth

Best Buy cites rises in home theater and appliance sales as drivers for its $11.8B Q3 revenues. Online sales rise 174%.

Jason Knott · November 24, 2020

RowOne Partners with Best Buy and Next Level Distribution

Home theater and entertainment seating company RowOne relaunched in February under the new ownership of former director of sales and Marketing Todd Girdis. Out of the gate RowOne came to market with a fulfillment model that delivers in 10 business days or less (Continental U.S.), and includes an optional exclusive Last Mile Service delivering to the residence in […]

Robert Archer · November 03, 2020

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Best Buy Shatters Q2 Sales Expectations

Best Buy total sales rise 5.8% for Q2 to $9.9 billion, with online sales up 242%, driven by home office and home schooling needs.

Jason Knott · August 25, 2020