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Specialty Retail Computer and Electronics Retail

  • 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...

  • 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. The Indianapolis, Indiana- based company's stock has...

  • Apple iPad Pro - No PC Virus commercial.

    The tech company's new ads hearken back to the classic "Mac vs. PC" campaign.

  • Augmented reality smart glasses.

    Magic Leap investor Benedict Evans said worries over leaked photos allegedly showing technical problems are unwarranted.

  • Brian Krzanich, CEO of Intel.

    Intel reported quarterly earnings and revenue that beat analysts' expectations on Thursday, as two of its key segments outstripped Wall Street.

  • Casino, whose credit rating was cut to junk by Standard& Poor's last March, is under pressure to revive profits in its biggest market in France, where it now makes more than 50 percent of its sales, at a time of slower growth in Brazil. Casino, which controls Brazil's Grupo Pao de Acucar, posted fourth-quarter sales of 10.929 billion euros. Casino, which reports...

  • *Cash-and-carry growth in Spain, Turkey, China, Russia. *Media- Saturn December sales hurt by "Black Friday". BERLIN, Jan 10- German retailer Metro, which plans to split into two companies by the middle of the year, reported that sales slipped 0.6 percent in the critical Christmas quarter due to weakness at its Real hypermarkets and a sluggish performance in consumer...

  • Satoshi Tsunakawa, president and CEO of Toshiba, bows as he arrives for a news conference in Tokyo, Japan, on Tuesday, December 27, 2016.

    Japan's Toshiba nose-dived nearly 26 percent on Thursday, marking a fifth consecutive session, after credit downgrades from both Moody's and S&P Global Ratings.

  • Cyber Monday

    In order for retailers to survive, they will need a new strategy to keep up with consumers' changing habits, an expert tells CNBC.

  • LONDON, Dec 14- Dixons Carphone, Britain's largest electricals and mobile phone retailer, is planning for tougher times after the group beat forecasts with a 19 percent rise in first-half profit. They were nearly 7 percent down by 1200 GMT, making them the biggest fallers in the FTSE 100 index. "The shares have had a good run and a lack of upgrades today has led to...