Best Buy co-founder to return to retailer

3/26/2013
BLADE NEWS SERVICES

MINNEAPOLIS — Best Buy’s co-founder and former chairman Richard Schulze is returning to the Best Buy fold as chairman emeritus.

Mr. Schulze considered making a buyout bid for the electronics retailer but never made a formal offer.

Since hiring turnaround expert Hubert Joly as its CEO in August, the company has cut jobs, invested in training employees, and started matching online prices.