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Computer and Electronics Retail

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  • *Q2 sales 21.4 bln euros vs poll 21.3 bln euros. PARIS, July 16- Carrefour, Europe's largest retailer, on Thursday reported a slowdown in second-quarter sales reflecting competitive pressure in its top French market and slumping sales in China amid weak consumption. Carrefour finance head Pierre-Jean Sivignon said the market consensus for 2015 earnings...

  • Why Netflix isn't dependent on PCs Wednesday, 15 Jul 2015 | 8:45 PM ET
    Why Netflix isn't dependent on PCs

    Michael Robinson, Chief Technology Strategist at MoneyMorning.com, says 40 percent of sales and 70 percent of operating margins came from outside the PC market, so weakness in the latter isn't a concern.

  • What to expect from US June retail sales Monday, 13 Jul 2015 | 6:19 PM ET
    What to expect from US June retail sales

    Lindsey Bell, Senior Analyst at S&P Capital IQ, explains why she's expecting a monthly increase of 0.3 percent.

  • LONDON, July 2- British electrical goods and mobile phone retailer Dixons Carphone has sealed a deal with Sprint Corp., the U.S. mobile network operator, that could see it open and manage up to 500 Sprint-branded stores in the United States. Dixons Carphone, formed last year from the merger of Dixons Retail and Carphone Warehouse, said on Thursday its...

  • As smartwatch wars heat up, Pebble hits Best Buy Monday, 22 Jun 2015 | 9:21 AM ET
    Pebble Time smartwatch

    As Apple Watch sales ramp up and Fitbit's IPO generates buzz, Pebble has a trick up its sleeve. Its new watch is now selling at Bestbuy.com.

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Canadian retailer Hudson's Bay is buying German department store chain Kaufhof from Metro for 2.8 billion euros as a launch pad to expand into Europe. Hudson's Bay, which operates department stores in Canada and U.S. luxury chains Saks Fifth Avenue and Lord& Taylor, said the deal, due to...

  • LONDON, June 3- Dixons Carphone, the European electricals and mobile phone retailer, raised profit guidance for its 2014-15 year after quarterly trading smashed expectations on the back of market share gains, particularly in the UK. The firm, formed by last year's merger between Dixons Retail and Carphone Warehouse, said sales at stores open over a year were up 9...

  • LONDON, June 3- Dixons Carphone, the European electricals and mobile phone retailer, raised profit guidance for its 2014-15 year after quarterly trading smashed expectations. The firm, formed by last year's merger between Dixons Retail and Carphone Warehouse, said sales at stores open over a year were up 9 percent in the 17 weeks to May 2, its fiscal fourth quarter.

  • Why Panasonic is shifting focus to B2B sector Tuesday, 2 Jun 2015 | 8:34 PM ET
    Why Panasonic is shifting focus to B2B sector

    Hiroaki Sakamoto, MD for Asia Pacific at Panasonic System Solutions, explains why the Osaka-based firm turned its focus away from consumer business to the business-to-business (B2B) segment.

  • May 19- Wal-Mart Stores Inc on Tuesday joined the list of U.S. retailers reporting disappointing quarterly results, saying consumers' pocketing tax refunds and savings from cheaper gasoline had dented its sales growth. The results illustrate the obstacles facing Chief Executive Officer Doug McMillon, who took the job 15 months ago. Wal-Mart said sales at...

  • May 19- Wal-Mart Stores Inc on Tuesday became the latest U.S. retailer to report weaker-than-expected quarterly sales, saying consumers were pocketing tax refunds and savings from cheaper gasoline rather than buying unnecessary items. Wal-Mart said sales at stores open more than a year increased by 1.1 percent in the 13 weeks ended on May 1 from a year earlier.

  • Will China’s Xiaomi make it in the US and Europe? Monday, 18 May 2015 | 8:20 AM ET
    Xiaomi headquarters in Beijing, China

    Chinese smartphone giant, Xiaomi, is set to open its doors to U.S. and European consumers shortly.

  • How bad are Toshiba's accounting irregularities? Sunday, 10 May 2015 | 11:32 PM ET
    Toshiba shares sink amid expansion of accounting probe

    Amir Anvarzadeh, director of Japan Equity Sales at BGC Securities, discusses news that Toshiba cancelled a dividend payment and withdrew its earnings outlook last Friday as it expanded an accounting probe.

  • *Hope to accelerate store openings in Russia if crisis ends. BERLIN, May 7- German retailer Metro AG plans to significantly increase investment in its business in the next five years and seek out acquisitions as it aims to accelerate sales growth and profitability after emerging from years of restructuring. Europe's fourth-biggest retailer said on Thursday...

  • BRUSSELS, May 6- EU regulators will investigate whether electronics and digital content companies illegally curb cross-border online sales, the EU's antitrust chief said on Wednesday, a move likely to affect both e-commerce giant Amazon and traditional retailers. The inquiry into the retail sector is part of a broader strategy by the European Commission to...

  • MOSCOW, April 23- Russian home electronics retailer M.video aims to achieve flat sales in the first three quarters of 2015 compared with a year ago, outperforming a declining market hit by falling consumption, its chief executive said. Russia's economy is sliding into recession, dragged down by Western sanctions imposed on Moscow over its policy in Ukraine and...

  • Japan's Sharp, banks near $1.7 billion overhaul deal Wednesday, 15 Apr 2015 | 11:18 PM ET

    Sharp and its main banks are to meet on Thursday to agree on a nearly $2 billion rescue and overhaul plan for the loss-making electronics maker.

  • UPDATE 1-RadioShack auction headed for courtroom showdown Wednesday, 25 Mar 2015 | 5:34 PM ET

    March 25- An auction for RadioShack Corp failed to resolve whether the electronics retailer will remain in business as bidders attacked each in court filings, setting up a showdown before a judge on Thursday. By early Wednesday, however, one of RadioShack's lenders, Salus Capital Partners, asked the U.S. Bankruptcy Court judge overseeing the case to intervene.

  • RadioShack lender asks judge to intervene in auction Wednesday, 25 Mar 2015 | 1:35 PM ET

    March 25- A RadioShack Corp lender asked a U.S. Bankruptcy Court judge to intervene in the auction of the electronics retailer and said it had submitted a bid to liquidate the chain that was "materially superior" to one favored by RadioShack. The lender said, however, that RadioShack favored a proposal from hedge fund Standard General, even though its bid included...

  • Standard General raises bid for bankrupt RadioShack Tuesday, 24 Mar 2015 | 6:20 PM ET
    A customer leaves a RadioShack store in San Francisco and a Sprint store is shown in Fort Lauderdale, Fla.

    Hedge fund Standard General is said to have raised its bid to buy about 1,740 stores of bankrupt electronics retailer RadioShack at auction.