Best Buy announced it's cutting 400 jobs at its headquarters as part of its “Renew Blue” transformation efforts. The job reductions are part of a move to save $150 million in selling, general and administrative costs. The cuts are the first phase of the larger cost-cutting plan that new CEO Hubert Joly announced at an investor and analyst meeting last November....
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Best Buy Cutting 400 Headquarters’ Jobs
February 27, 2013
From Chain Store Age
Best Buy announced it's cutting 400 jobs at its headquarters as part of its “Renew Blue” transformation efforts. The job reductions are part of a move to save $150 million in selling, general and administrative costs. The cuts are the first phase of the larger cost-cutting plan that new CEO Hubert Joly announced at an investor and analyst meeting last November.
Capital One and Best Buy part ways
February 20, 2013
From Chain Store Age
McLean, Va. -- Capital One Financial Corp. said Tuesday that it will sell off its Best Buy portfolio of private-label and co-branded credit card accounts. Current loan balances total about $7 billion.
The pair is severing their ties earlier than...
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