Best Buy (NYSE:BBY) is set to open seven Twin Cities Best Buy Mobile stores.

Best Buy To Open New Stores

The electronic retailer Best Buy (NYSE:BBY) is going to open seven new Best Buy Mobile Stores as part of its Twin Cities strategy.

The new locations will be at Roseville, Woodbury, Stillwater, Maplewood and Burnsville.

These stores will be twice as large as their previous Mobile locations.

A Best Buy (NYSE:BBY) spokesman Jeff Haydock said, “These are off-mall stores, and we don’t currently have anything like it here in the Twin Cities. They’re not strip mall locations as much as they are stand-alone buildings, (which) you’d typically find near bigger retailers like a Home Depot or a Target”.

Best Buy (NYSE:BBY) shares were at 17.61 at the end of the last day’s trading. There’s been a -4.9% change in the stock price over the past 3 months.

Best Buy (NYSE:BBY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 2 out of 6 in the industry

It has been reported that Best Buy (NYSE:BBY) is set to open a new online store in China.

Best Buy To Open New Online Store

The US electronic retailer Best Buy (NYSE:BBY) has reportedly opened a new online store in China under the RocketFish brand.

The company started trial operations on July 7 and it sold more than 1,000 items on Aug. 28.

It closed its nine stores and Shanghai headquarters in 2011, but reopened Best Buy Mobile stores in the middle of the year. The site is operated by www.new7.com, an electronics products retailing company.

New7.com’s brand director Tian Yuan said, “Many people have doubts about whether Best Buy (NYSE:BBY) will do well in China and think the company still does not understand the Chinese market. Actually, Best Buy (NYSE:BBY) has been preparing for the return”.

Best Buy (NYSE:BBY) stocks are currently standing at 17.74.

Price History
Last Price: 17.74
52 Week Low / High: 16.25 / 28.53
50 Day Moving Average: 19.06
6 Month Price Change %: -27.0%
12 Month Price Change %: -28.4%

Best Buy (NYSE:BBY) has reached an agreement with Schulze to pursue a buyout of the company he founded.

Best Buy To Continue With Buyout Talks

The struggling electronics retailer Best Buy (NYSE:BBY) and its founder Richard Schulze announced that they have reached an agreement that will allow him to make a bid to take the firm private.

The company allowed Schulze to conduct due diligence and to form investment group. Schulze earlier offered an $8.8 billion bid to acquire the firm.

Best Buy (NYSE:BBY) said in a statement, “Schulze can bring a fully financed, definitive proposal to the company within 60 days, and if that offer is rejected, he must wait until January to pursue an acquisition through other means”.

Best Buy (NYSE:BBY) stocks are currently standing at 17.31.

Price History
Last Price: 17.31
52 Week Low / High: 16.25 / 28.53
50 Day Moving Average: 19.27
6 Month Price Change %: -30.7%
12 Month Price Change %: -28.3%

Best Buy (NYSE:BBY) has resumed takeover talks with Schulze.

Best Buy Continues Takeover Talks

It has been reported that the electronics retailer Best Buy (NYSE:BBY) has resumed talks with its founder Richard Schulze about a possible buyout to take the company private.

The company resumed the talks to make an agreement that will allow him to conduct due diligence as part of his effort to acquire the company.

Best Buy (NYSE:BBY) has lost 11 percent of its value since last week appointed Hubert Joly as the new chief executive officer.

The company’s interim CEO Mike Mikan said that the due diligence offer still stands and it is up to Schulze to respond.

Schulze previously proposed a $9.5 billion buyout to take the struggling retailer private.

Best Buy (NYSE:BBY) shares are currently standing at 17.72.

Price History
Last Price: 17.72
52 Week Low / High: 16.25 / 28.53
50 Day Moving Average: 19.35
6 Month Price Change %: -29.4%
12 Month Price Change %: -27.3%

Best Buy (NYSE:BBY) has cut iPhone prices amid Apple’s new model launch expectations.

Best Buy Cutting iPhone Prices Ahead Of Release

The electronics retailer Best Buy (NYSE:BBY) has joined other retailers in reducing the price of iPhone models amid rumors that Apple will launch the latest iPhone 5 soon.

It has been rumored that Apple will launch iPhone 5 in September.

Best Buy (NYSE:BBY) cut the price of 8GB iPhone 4S by $50 for both AT&T and Verizon carriers. Now the retailer sells the device for just $49.99 with a contract.

Best Buy (NYSE:BBY) stocks were at 19.48 at the end of the last day’s trading. There’s been a -0.4% change in the stock price over the past 3 months.

Best Buy (NYSE:BBY) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 2 out of 5 in the industry

Best Buy (NYSE:BBY) is set to release the Galaxy Tab 2 7.0 Student Edition on Aug. 19.

Best Buy To Release Galaxy Tab 2

The electronics retailer Best Buy (NYSE:BBY) will release a special student edition of the Galaxy Tab 2 7.0 on August 19 through its stores nationwide.

The bundled Galaxy tab will included a keyboard dock and USB connector. The special edition comes with a price tag of $250, the same price as the regular version.

Best Buy (NYSE:BBY) said that the student edition will have all of the usual features like a 7-inch display, dual-core 1GHz processor, 8GB of internal storage, 1GB RAM, Android Ice Cream Sandwich operating system and 3MP rear facing and VGA front-facing cameras.

Best Buy (NYSE:BBY) stocks are currently standing at 19.19.

Price History
Last Price: 19.19
52 Week Low / High: 16.97 / 28.53
50 Day Moving Average: 19.38
6 Month Price Change %: -24.3%
12 Month Price Change %: -20.3%

Best Buy (NYSE:BBY) has launched the College Innovator Fund.

Best Buy Launching College Fund

Best Buy (NYSE:BBY), the electronic retailer, has launched a new national search to find and sponsor the next big ideas in technology, sustainability, education and other related areas.

As part of the new College Innovator Fund, students can post a two-minute video depicting their innovation in the Facebook page.

The winner will get a reward of $100,000.

Stephen Gillett, Best Buy (NYSE:BBY) Digital president, said, “At Best Buy (NYSE:BBY) we understand the impact that technology and entrepreneurialism can have on our society. Students are often at the helm of this forward thinking so what better time to provide a national platform to help them introduce and support these ideas than during the back to campus season. Through Best Buy (NYSE:BBY)’s College Innovator Fund we are uncovering the next generation of innovators that will advance and improve the way we connect with the world around us”.

Best Buy (NYSE:BBY) shares are currently standing at 19.00.

Price History
Last Price: 19.00
52 Week Low / High: 17.53 / 29.79
50 Day Moving Average: 19.73
6 Month Price Change %: -21.8%
12 Month Price Change %: -35.5%

Best Buy (NYSE:BBY) has launched the Best Buy Trade-In Plus program to offer trade-in values for customers.

Best Buy Trade-in Scheme Launches

The electronics retailer Best Buy (NYSE:BBY) has unveiled a new program to help post-paid mobile device customers by offering $50 incremental gift cards.LaunchesThey will also get trade-in value of the device exchanged with a phone upgrade.

The new Best Buy Trade-In Plus is free for customers who buy phones at its stores with Geek Squad Protection.

George Sherman, Best Buy (NYSE:BBY)’s senior vice president of services, “The Best Buy Trade-In Plus program offers a real advantage for customers who want to upgrade their device and are looking to save money in the process”.

Best Buy (NYSE:BBY) stocks are currently standing at 19.02.

Price History
Last Price: 19.02
52 Week Low / High: 17.53 / 29.79
50 Day Moving Average: 19.73
6 Month Price Change %: -21.8%
12 Month Price Change %: -35.5%