Christina Cheddar Berk is a News Editor at a CNBC.com. Before joining CNBC, she was a Special Writer at Dow Jones Newswires and a guest columnist for The Wall Street Journal. Christina was part of a team of reporters who received a Society of American Business Editors and Writers award for breaking news coverage. She also has worked as an Associate Editor for The World Almanac and an Assistant Editor for the Funk & Wagnalls New Encyclopedia. She can be reached at .
Wal-Mart will offer its online shoppers a “pay with cash” option. The program plays to Wal-Mart’s key customer, a low-income consumer who may have little access to credit cards and banking options. Read More
Wal-Mart received Wednesday what appears to be its first analyst downgrade tied to allegations that the retailer’s executives paid bribes to Mexican officials. Read More
A recent study has found that most of the users of the newest version of the iPad are confined to wealthier, coastal states. The study drives home a point that retailers should keep in mind: if you want to reach affluent consumers, your website better be equipped to handle traffic coming from these devices. Read More
Is Best Buy a potential leveraged buyout target? The possibility has long been discussed, even before Best Buy CEO Brian Dunn unexpectedly resigned in the wake of an investigation of his conduct. Read More
With another month of solid sales under its belt, it looks as though Activision is proving that its budding Skylanders franchise has staying power, and that’s hopeful news for videogame developers and retailers alike. Read More
As Best Buy works on hashing out the terms of CEO Brian Dunn’s resignation, speculation continues about who ultimately will lead the company. Read More
It’s going to take more than a new CEO to fix Best Buy’s problems, but at least it’s a start. At best, it’s a signal the board is getting ready to be more aggressive about shaking things up and reinventing the brand. Read More
IBM is forecasting a surge in demand for home furnishings in the second quarter of this year. Their forecast calls for in-store sales of home furnishings to rise nearly 8 percent to $23.22 billion and online sales to surge 28.4 percent. Combined, the home furnishings market should grow 16.6 percent in the second quarter. Read More
James Bond will be reaching for a Heineken, not his signature martini — shaken, not stirred — in the upcoming Bond flick, Skyfall, as part of in a six-figure cross-promotion deal, reported by Ad Age. Read More