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

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

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

Best Buy reports a 155% uptick in online sales and retains 81% of sales during last six weeks of Q1, despite stores being closed during pandemic.

Vermont governor orders Best Buy, Walmart and others to halt in-person sales of ‘non-essential items’ to halt spread of coronavirus.