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.

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

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.