Post Type of: Article

Best Buy’s Schulze Resigns Early, Mulls Options for 20% Stake

Richard Schulze said Thursday that he would immediately step down from Best Buy’s board and is looking at options for the fifth of the company that he owns; he was scheduled to step down as chairman on June 21 and serve out the remainder of his director term, which goes through June 2013.

Supervalu to Cut Up to 2,500 Albertsons Employees

The cuts will occur across all 247 Albertsons stores in California and Nevada; Supervalu said that stores in those states have experienced both a reduction in traffic and an overall decline in sales, and it had not adjusted its store-level operations accordingly.