The Richfield-based electronics retailer is asking a “small number of teams” to return to the corporate campus ahead of the holiday season.
Best Buy
The retailer reports domestic comparable sales up nearly 21 percent in record second quarter.
Fund established to back BIPOC tech entrepreneurs
The retailer also plans to partner with venture capital firms to help BIPOC entrepreneurs find funding.
The retailer’s revenue hit $11.6 billion, a significant jump from pre-pandemic levels.
Despite strong sales in its fourth quarter, the retailer is tweaking its operating model to adjust to “permanent” changes in customer shopping patterns, execs said.
The retailer will provide $500 bonuses for full-time employees in the U.S and $200 for part-time workers.
With $1 million in funding, the new LabFellows program will offer paid marketing fellowships to college grads from diverse backgrounds.
A Wednesday report in The Wall Street Journal indicated that the retailer is cutting an unspecified number of in-store employees.
Goals include contributing $44 million to expand career opportunities for BIPOC students
Retailer discloses news amid strong third quarter results
Record pace continues in 2020 for corporate debt security offerings.
But revenue growth “likely will not continue” at the same pace in the next quarter, CFO says.
Best Buy, Target, Lunds & Byerlys join trend of requiring face coverings for customers. Cities around the state and the airport follow suit.
Heading out to your neighborhood electronics dealer? Make sure you’ve got a face mask.
Peace Coffee CEO Lee Wallace says “companies need to step up.”
The holiday marking the end of slavery “takes on additional significance in this moment,” Target CEO says.
Even with online sales up, the company’s revenue fell in the quarter.
Tickets are now on sale for the April 23 event featuring a conversation with Barry, the first woman to hold the top job for the retail giant.
The Richfield-based electronics retailer also hopes to capitalize on health tech over the next few years.