Best Buy steps on to China’s e-commerce playing field

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By Frank Tong, Internet Retailer

“Jiangsu Five Star Appliance Co., the China subsidiary of U.S. consumer electronics chain Best Buy Co. Inc., has begun selling online.

Five Star, as it’s widely known, launched last month its own e-commerce site,  5star.cn, and plans to sell through a variety of online channels. The company says it plans to open web stores on popular Chinese online marketplace such as Alibaba Group Holding Ltd.’s Tmall.com and Amazon.cn, the China site of Amazon.com Inc.”

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Connected-car startup spun out of Best Buy raises $8M

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By Katharine Grayson, Minneapolis-St. Paul Business Journal

“A Best Buy Co. Inc. spin-off that sells a car-monitoring device and accompanying app has raised $8 million in venture capital.

Startup Zubie Inc. makes a small device that plugs into a car’s diagnostics system. The product collects data and wirelessly transmits it to a smartphone app, allowing consumers to track a car’s location, maintenance problems, driving patterns and other information.”

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Best Buy sheds MindShift

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By Larry Dignan, ZDNet

Ricoh on Tuesday said it has acquired MindShift, which provides information technology services to small and mid-sized businesses, from Best Buy for an undisclosed sum.

For Ricoh, the move broadens its services footprint in the U.S. As for Best Buy, the sale of MindShift allows it to focus more on its core business. Best Buy acquired MindShift in 2011 for $167 million. The plan at the time was to use MindShift to break into cloud services and target more SMBs.”

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Best Buy now sells 3D printers

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Via News Release

Afinia’s award-winning H479 desktop 3D printer and supplies are now being sold online by Best Buy, CDW, STAPLES Canada, Tiger Direct and B&H Photo Video.

3D printers apply very thin layers of ABS or PLA plastic in precise patterns, which are stacked and fused together to form 3D objects. The AFINIA 3D printer has rapidly become one of the most well-known products in the desktop 3d printing space because of its ease-of-use, low price point, and remarkable output resolution.”

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Best Buy names new Geek Squad president

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By Andria Cheng, MarketWatch

Best Buy Co. on Thursday said it has appointed Chris Askew president of its Geek Squad services unit as Chief Executive Hubert Joly continues to assemble his own team to right the ship.

Askew, who gets a new title as president of services, replaced George Sherman, who was head of services since 2009 and left earlier this year. Askew will report directly to Joly, who joined last fall. Askew was formerly an executive with retail technology services firm NCR Corp. He also had worked as a services executive at computer maker Lenovo Group.”

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Pebble smartwatch launching retail with Best Buy

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By Darrell Etherington, TechCrunch

“Pebble is selling its smartwatch via Best Buy stores soon, with the device going on sale at the major U.S.-based electronics retailer on July 7 for $149.95. The e-ink display for the Pebble and Bluetooth connection it sports allow it to communicate information including caller display and notification alerts from a connected iPhone or Android device.”

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Microsoft, Best Buy partner on Windows ‘store within a store’

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Via News Release

REDMOND, Wash. — June 13, 2013: Microsoft Corp. and Best Buy Co. Inc. today announced a strategic partnership to create the Windows Store only at Best Buy. The comprehensive store-within-a-store will be in 500 Best Buy locations across the United States and in more than 100 Best Buy and Future Shop locations in Canada.”

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BestBuy.com pushes foot traffic into stores

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By Bill Briggs, Internet Retailer

“When Best Buy Inc. reported comparable web sales increased by 16% in the first quarter, it represented both improved online performance and new opportunities for store sales. That’s because 40% of Best Buy’s web customers choose to pick up their purchases in a store.

“We think this is an enormous competitive advantage, because the customer wants it now, and no matter what the online competitors do, they cannot deliver it ‘now,’” Sharon McCollam, Best Buy’s chief administrative officer and chief financial officer, told analysts last week in a conference call.”

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For Target and Best Buy, long-sought online tax bill seems close

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By Thomas Lee, Star Tribune

“With the U.S. Senate poised to pass a bill to allow the collection of online sales taxes, mega-retailers such as Best Buy Co. and Target Corp. are close to a legislative dream they have pursued for decades.

Only one problem: the issue might not matter as much anymore. Best Buy and Target, both based in Minnesota, have long argued that Internet giants like Amazon and eBay can unfairly offer lower prices because states do not require them to collect sales taxes. The federal legislation, called the Marketplace Fairness Act, authorizes states to require online retailers to collect the tax.”

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Best Buy’s new eCommerce chief to focus on deal streaming

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By Katharine Grayson, Minneapolis-St.Paul Business Journal

BestBuy.com president Scott Durchslag on Tuesday outlined the retailer’s plans to revamp its online strategy, saying it will focus on “streaming” tailored deals to loyalty program members and forging partnerships with innovative technology companies.

Durchslag, senior vice president of digital and marketing and president of Best Buy.com and eCommerce, spoke before a crowd at the Minnesota High Tech Association spring conference.”

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