Best Buy’s E-commerce President and CMO Are Leaving

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Best BuyBy Kavita Kumar, Star Tribune

“Two top Best Buy executives are leaving the company as CEO Hubert Joly reshuffles his leadership team’s responsibilities. The two departing leaders are Mary Lou Kelley, Best Buy’s president of e-commerce, and Greg Revelle, the Richfield-based retailer’s chief marketing officer, said sources familiar with the matter. Both executives were hired by Joly in 2014.”

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Best Buy Grew Web Sales Faster Than Amazon And Wal-Mart Last Year

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By Allison Enright, Internet Retailer

Best Buy Co. Inc.’s online sales grew at a faster clip than the U.S. e-retail industry average in 2016, and they outperformed online leaders Amazon.com Inc. and Wal-Mart Stores Inc.

Best Buy’s web sales grew 20.8% for the fiscal year ended Jan. 28 and totaled $4.85 billion. The average growth in U.S. e-retail was 15.6%, per estimates released by the U.S. Commerce Department last month, while Amazon’s product sales clocked 19.4% growth and Wal-Mart’s e-commerce sales grew 15.5% globally.”

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TechStars + Target Retail Alumnus Addstructure Closes $1.4m Led By Dundee

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Via News Release

Screen Shot 2017-02-27 at 2.06.29 PM“CHICAGO — ADDSTRUCTURE, a pioneer in rapid natural language search and shopping, today announced a $1.4 million round of seed funding led by Dundee Venture Capital with participation from Techstars Ventures, Best Buy, and Matchstick Ventures.

The Chicago-based company is building a white label voice search system designed to offer major retailers functionality comparable to voice shopping with Amazon’s Alexa or Google Home, from any device.”

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Hundreds Of Oculus VR Demos Pulled From Best Buy Stores

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By Alex Heath, Business Insider

“Facebook is closing around 200 of its 500 Oculus virtual reality demo stations at Best Buy locations across the US, Business Insider has learned.

The scaling back of Facebook’s first big retail push for VR comes after workers from multiple Best Buy pop-ups told BI that it was common for them to go days without giving a single demonstration. An internal memo seen by BI and sent to affected employees by a third-party contractor said the closings were because of “store performance.”

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GeekSquad Academy Seeks Tech Camp Partners In Minnesota

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Screen Shot 2017-01-18 at 12.08.50 PMVia News Release

Geek Squad Academy, a Best Buy signature community outreach program, is now accepting applications from nonprofits, schools, libraries and other community groups to host free two-day tech camps for youth this year.  Together, we’ll teach thousands of additional kids across the country the tech skills they need to inspire future education and career choices.”

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If A Geek Squad Agent is a Paid FBI Informant, Are Their Computer Searches Legal?

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screen-shot-2017-01-10-at-8-26-41-amBy Tom Jackman, Washington Post

“At a giant Best Buy repair shop in Brooks, Ky., Geek Squad technicians work on computers owned by people across the country, delving into them to retrieve lost data. Over several years, a handful of those workers have notified the FBI when they see signs of child pornography, earning payments from the agency”

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Best Buy Doubles Down On Community Reinvestment

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screen-shot-2016-12-13-at-10-13-17-amVia News Release

“MINNEAPOLIS — More of the nation’s underserved teens will have access to free technology tools and training as Best Buy today announces plans to add nine new Best Buy Teen Tech Centers to its year-round support network in 2017. The announcement was made just as the company officially opens its newest Teen Tech Center in Denver, Colorado today.”

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Best Buy Wants To Highlight Startups In Store & Online

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By Kavita Kumar, Star Tribune

“Start-ups: Best Buy wants to sell your products — stat. Not only that, the largest electronics retailer in the U.S. wants to make it easier for entrepreneurs and early-stage companies to get their products loaded onto its website and into customers’ hands. Some of those gadgets could possibly end up in stores, too.”

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Best Buy Set to be First Mainstream Test for VR Products

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Via AdAge

“Best Buy Chief Executive Officer Hubert Joly was sold on virtual reality after he was almost eaten by a shark in an experience he called “mind-boggling.”

Now he’s betting the masses will be enthralled with the technology too. In what’s seen as the first mainstream test of VR products, Best Buy began rolling out demonstrations for Facebook’s Oculus Rift headsets in May and will have them in 500 stores for the holiday-shopping season. The chain also is running 200 demos for Sony’s PlayStation VR, which will be released in October, that rotate between locations.”

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