Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group PLC for cash and stock worth about $775 million USD.

Best Buy CEO Hubert Joly earned nearly $20 million during his first five months on the job in 2012, the Associated Press reported.

First it was RadioSchack and now Target has ended another electronics initiative with Best Buy.

Best Buy has partnered with Samsung Electronics to install Samsung Experience Shops in more than 1,400 Best Buy and Best Buy Mobile specialty stores across the United States beginning this month.

Best Buy founder, Richard Schulze, is returning to Best Buy as its chairman Emeritus.

Music retailer, Guitar Center, has announced that Mike Pratt has been appointed CEO and a member of the company's board of directors effective April 1.

Best Buy has named Ron Wilson as its new president and COO of its Canada operations, effective immediately.

Fourth quarter same store sales inched up 0.9% at Best Buy and profits were better than expected as the company fared better during the holiday season than many thought.

Capital One Financial Corp.has reached an agreement to sell the portfolio of Best Buy private label and co-branded credit card accounts, with current loan balances of approximately $7 billion, to Citi.

Best Buy has partnered with Listia, a Web and mobile marketplace where customers can trade used items for new ones.

In December, the retailers that increased their page counts were balanced out by those that decreased their page counts. However, of those retailers that did reduce their page counts, only two also reduced the number of inserts distributed by more than 2%.

Strength in the computing, mobile phone and appliance categories enabled Best Buy to report flat same store sales during the holidays and temporarily silence the voice of those who had prematurely written the company’s obituary.