Electronics, Retail | featured news

Best Buy on Saturday announced the locations of 50 stores that it is closing this year, including seven in California, six in Illinois and six in the company's home state of Minnesota.

Twin Cities-based Best Buy said Tuesday that its CEO, Brian Dunn, has resigned. The electronics company said in a statement that Dunn's departure was in "mutual agreement that it was time for new leadership to address the challenges that face the company."

Walmart's 24-hour stores will start selling the least-expensive version of the new iPad at 12:01 a.m.

Best Buy wants to know if you'd pay $1,499 for a 42-inch, high-definition Apple TV which uses your iPad or iPhone as a remote control.

Electronics retailer Best Buy reported a 1.2% drop in December same-store sales on slow customer traffic and weakness in the gaming and digital-imaging segments.

Amazon.com this morning announced that it has sold more than 1 million Kindles a week for the last three weeks in a row. The retailer said that the Kindle Fire tablet remains the single best selling item on Amazon.com?s site. The Fire has been the best-selling product on the site for 11 weeks in a ...

In an unexpected twist, TVs are topping many Christmas shopping lists this year. Wal-Mart says TVs are among the top gifts people are putting on layaway at its 3,000-plus U.S. stores during the holiday season. The Westinghouse 46-inch LCD HDTV that was on sale for half off at Target for $298 was a top seller during the start to the season last weekend. And Abt Electronics already has sold out of 55-inch Samsung LED TVs that were marked down by half to $1,099.

Apple reportedly will shut its U.S. retail stores for a few hours on Wednesday to allow its employees to participate in a staff celebration of the life of co-founder Steve Jobs.

Amazon's Kindle Fire is a Catch-22 for retailers: The $199 tablet computer could both help Christmas traffic and hurt future sales.

RadioShack will begin selling Barnes & Noble Nook e-readers next month. The retailer already carries iPads and Kindles.