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Best Buy was taken public in 1985, and two years later it debuted on the New York Stock Exchange. [20] [21] In 1988, Best Buy was in a price and location war with Detroit-based appliance chain Highland Superstores, and Schulze attempted to sell the company to Circuit City for US$30 million. Circuit City rejected the offer, claiming they could ...
On Friday, Best Buy (BBY) announced a new price-match policy that will include such online competitors as Amazon.com (AMZN), but the new policy falls short in one key respect: The retailer won't ...
Those looking for a good buy, nay, the best buy, would be wise to note Best Buy's recently exposed secret intranet site, allegedly used to prevent customers from reaping the benefits of discounts ...
Price adjustments, also called price protection, is a retail practice in which customers can obtain a partial refund of the purchase price of an item if they can show it on sale at a lower price within a fixed time frame. In such circumstances, retailers will do a “price adjustment,” refunding the difference between the price the customer ...
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Best Buy's Price Match policy is "undisclosed," meaning that we don't know how it actually operates -- and the suit claims that the company routinely denies the Price Match policy -- as a matter ...
Updated Sat, Feb 16, 2013 · 2 min read. Best Buy started matching prices of online retailers in time for the holidays last year, and now it's set to make the practice permanent in an effort to ...
As painful as that adage might seem, Best Buy is embracing it wholeheartedly. The big-box store chain is a common victim of so-called "showrooming," where consumers stop by their local retail.