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Leap Motion targets May for pre-orders and store sales

(Phys.org) —Leap Motion will start shipping its 3-D motion controllers on pre-order basis in mid-May. Big news? For a growing Leap Motion fan base, it's great news. Leap Motion launched its sensing controller last year, ...

LG, Samsung start selling curved TVs in US

Flat screens have been a selling point for TVs for more than a decade. Now, LG and Samsung are making a selling point of screens that are not flat.

Crowd-funded videogame console due in June

The crowd-funded Ouya videogame console seeking to shake up a market dominated by Sony, Microsoft, and Nintendo is gearing up for a US debut in June.

Text spam messages on the rise

Lesley-Ann Thompson's cell phone buzzed the other week with a text message telling her she had won a $1,000 gift card from Best Buy.

NYTimes leads group defense in mobile patent suit

The New York Times Co. is girding for a legal battle that many larger organizations have avoided. The Times is leading the defense of a diverse group of companies that use technology they assumed was free: sending text messages ...

Location-based 'geo-fencing' apps raise privacy concerns

Someone who is in a mall or near a favorite restaurant might get a message on their cellphone about a sale at a store or specials on the menu. Or they could be alerted that their child has left the school grounds.

New wristband harnesses Apple gadgets for fitness

Wireless earpiece maker Jawbone is once again blending fashion and technology to help people make healthier choices with a little help from their beloved Apple gadgets.

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Best Buy

Best Buy Co., Inc. (NYSE: BBY) is a Fortune 500 company and the largest specialty retailer of consumer electronics in the United States accounting for 21% of the market. It also operates in Canada, Mexico, and China. The company's subsidiaries include Geek Squad, Magnolia Audio Video, Pacific Sales, and, in Canada operates under both the Best Buy and Future Shop label. Together these operate more than 1,150 stores in the United States, Puerto Rico, Canada, China, Mexico[citation needed] and Turkey. The company's corporate headquarters are located in Richfield, Minnesota, USA. On June 26, 2007, Best Buy announced a 40% increase in its operations, with plans to operate more than 1,800 stores worldwide, including 1,400 Best Buy stores in the U.S.

With the recent 50% acquisition of UK-based mobile phone operation The Carphone Warehouse's retail division, Best Buy announced that it would open branded superstores in the UK and other European countries. Best Buy will first open stores in the UK, with plans for up to 200 stores eventually, although the initiative has been delayed until Spring 2010 by the state of the retail market. It is also considering purchasing UK rivals Kesa Electricals (owner of Comet), DSG International (owner of Currys), or both. It is unknown whether these stores will rebrand if acquired by Best Buy. Best Buy is yet to reveal the location of the stores in UK. In total 20 locations are planned for 2009 which will all be big box format, however the company is looking for a flagship store in Central London in a prominent area such as Piccadilly Circus, Oxford Street or Regent Street. See Best Buy UK

Best Buy was named "Company of the Year" by Forbes magazine in 2004, "Specialty Retailer of the Decade" by Discount Store News in 2001, ranked in the Top 10 of "America's Most Generous Corporations" by Forbes magazine, and made Fortune Magazine's List of Most Admired Companies in 2006.

On March 9, 2009, Best Buy became the primary electronics retail store (online and bricks and mortar) in the eastern United States, after smaller rival Circuit City went out of business. Fry's Electronics remains a major competitor in the western United States.

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