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Specialty Retail Computer and Electronics Retail

  • Customer shopping for clothing.

    Not every item will be a bargain. Here's what you need to buy and what you should wait to purchase during the big sales this holiday week.

  • CHICAGO, May 25- Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an all-time high on Thursday. Chief Executive Hubert Joly, speaking on a conference call, said Best Buy was "very mobilized" to maximize its gains...

  • CHICAGO, May 25- Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an 11- year high on Thursday. The Richfield, Minnesota- based Best Buy, like home-improvement chain Home Depot Inc, has benefited as an improving...

  • Best Buy posts earnings beat, comps up 1.4%

    Joe Feldman, Telsey Advisory Group, breaks down Best Buy's quarterly results which posted an EPS beat of $0.60 adj. on revenues of $8.528 billion. The momentum is there to outperform, says Feldman.

  • CHICAGO, May 25- Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported an unexpected rise in first-quarter comparable sales on Thursday, helped by demand for gaming and mobile products. Net income fell to $188 million, or 60 cents a share, in the three months ended April 29, from $229 million, or 70 cents per share a year earlier. Revenue climbed 1 percent to $8.53...

  • CHICAGO, May 25- Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported on Thursday an unexpected rise in quarterly comparable sales, helped by demand for gaming and mobile products. Richfield, Minnesota- based Best Buy said sales at stores open for more than a year rose 1.6 percent, handily beating the average analysts' estimate of a 1.5 percent decline,...

  • *Egypt up, real estate shares strong. DUBAI, May 9- Shares of companies that beat quarterly earnings estimates outperformed on Tuesday with electronics and bookstore retailer Jarir helping lift the mood on the Saudi Arabian exchange. "This implies an annualised dividend of 8.8 riyals per share and yield of 6.6 percent, which is amongst the highest in the sector...

  • Intel employees walk by a sign as they enter their office in Santa Clara, California.

    Intel is expected to report first-quarter earnings after the bell Thursday.

  • The singer Akon (L) and Rohan Marley are pictured at the House of Marley booth during CES 2017 on January 6, 2017 in Las Vegas, Nevada.

    An electronics company with an iconic name is hitching its fortunes to the resurgence in vinyl records with a new eco-friendly product.

  • A salesman carries a Best Buy shopping basket in San Francisco, California.

    Piper Jaffray predicts Hhgregg’s closure of 88 stores will benefit Best Buy’s annual comparable sales by 1.8 percentage points.

  • DUBAI, March 22- Amazon.com Inc has agreed in principle to buy Dubai- based internet retailer Souq.com, one of the best-known names in the Middle East's online shopping market, sources familiar with the deal said on Wednesday. Kuwait, Saudi Arabia and the United Arab Emirates are among the top markets worldwide for mobile phone penetration.

  • DUBAI, March 22- Amazon.com Inc has agreed in principle to buy 100 percent of Dubai- based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. Kuwait, Saudi Arabia and the United Arab Emirates are among the top worldwide for mobile phone penetration. "Amazon acquires business that they see as tangential to the core...

  • DUBAI, March 22- Amazon.com Inc has agreed in principle to buy 100 percent of Dubai- based online retailer Souq.com from its shareholders, sources familiar with the deal told Reuters on Wednesday. Souq.com, which sells consumer electronics, fashion, household items and other goods, is one of the most high-profile names in the Middle East's online shopping market.

  • March 6- Appliances and electronics retailer hhgregg Inc and its Gregg Appliances Inc unit filed for bankruptcy protection on Monday, as they continued to struggle with declining sales for about four years. Hhgregg listed assets and liabilities of up to $50,000 in its Chapter 11 filing in the U.S. bankruptcy court for the Southern District of Indiana, and said...

  • March 6- Appliances and electronics retailer hhgregg Inc said on Monday it has filed for bankruptcy protection and signed a term sheet with an unnamed party to purchase its assets. The retailer filed for a Chapter 11 reorganization in the U.S. bankruptcy court for the Southern District of Indiana, the company said in a statement. Hhgregg had hired Stifel...

  • *Q4 comp sales drop 0.7 pct vs est. of 0.5 pct rise. March 1- Best Buy Co Inc on Wednesday reported an unexpected drop in same-store sales for the holiday quarter, the latest example of an electronics retailer struggling with waning demand and fierce competition from online stores. However, a tight lid on costs helped the company's net income increase 27 percent and...

  • March 1- Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported an unexpected decline in holiday-quarter same-store sales on Wednesday, hurt by weak demand for tablets, gaming consoles, wearable devices and mobile phones. The company's sales at stores open for more than a year fell 0.7 percent in the fourth quarter, widely missing analysts' average estimate...

  • March 1- Best Buy Co In, the No. 1 U.S. electronics retailer, reported an unexpected decline in holiday-quarter same-store sales on Wednesday, hurt by weak demand for tablets, gaming consoles, wearable devices and mobile phones. The company's sales at stores open for more than a year fell 0.7 percent in the fourth quarter, widely missing analysts' average estimate of...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported. Indianapolis- based hhgregg's shares slumped as much as 40.8 percent to 23 cents on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing people familiar with the matter. Indianapolis- based hhgregg's shares fell 20 percent...