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Computer and Electronics Retail

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  • GameStop's December same-store sales up 4.4 pct Tuesday, 13 Jan 2015 | 4:44 PM ET

    Jan 13- Video game retailer GameStop Corp said December comparable store sales rose 4.4 percent, driven by higher demand for games such as Call of Duty: Advanced Warfare, Grand Theft Auto V and Far Cry 4.. Shares of the world's largest retailer of video game products rose about 10 percent to $36 in extended trading. New software sales grew 5.8 percent during the...

  • *Q1 sales 18.3 billion euros vs forecast 18.2 billion. BERLIN, Jan 13- Metro AG, Europe's fourth-biggest retailer, saw a recovery gain pace at three of its four businesses in the important Christmas quarter, with growth in consumer electronics the strongest since 2006, boosting its shares. Stripping out the impact of the disposal of hypermarkets in eastern...

  • RadioShack shares jump on financing rumors Monday, 12 Jan 2015 | 6:01 PM ET

    Salus Capital offered Radioshack $500 million in turnaround financing, Dow Jones reported Monday, citing sources close to the matter.

  • Prosecutors raid LG headquarters over washer row Saturday, 27 Dec 2014 | 1:51 AM ET

    Prosecutors raided LG Electronics' headquarters amid a probe of whether LG damaged rival Samsung Electronics' washing machines at German retail stores, LG said.

  • Dec 26- U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report. The report, which tracks spending by combining sales activity in MasterCard's payments network with...

  • Dec 26- Consumers spent actively on lodging and restaurants during the holiday season, while sales of electronics were flat, reflecting an ongoing shift toward spending on "experiences" rather than goods, MasterCard said in a holiday spending report. MasterCard said the growth was in line with its forecast for the holiday season and underscored the impact of an...

  • Sears has not named his replacement. Jooma joined Sears in 2007 after senior e-commerce positions at electronics retailer Circuit City and OfficeMax, according to his LinkedIn profile. The move comes as Sears is attempting to restore profitability by shrinking its network of stores and promoting the integration of its bricks-and-mortar and online...

  • CHICAGO, Dec 24- U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc.. "The past weekend will not save this holiday season," said Craig Johnson,...

  • Sears has not named a replacement. Jooma joined Sears in 2007 after senior e-commerce positions at electronics retailer Circuit City and OfficeMax, according to his LinkedIn profile. The move comes as Sears is attempting to restore profitability by shrinking its network of stores and promoting the integration of its bricks-and-mortar and online...

  • CHICAGO, Dec 18- Despite a disappointing Thanksgiving weekend, U.S. holiday sales may squeak by expectations if steeper and longer-running discounts lure enough shoppers. An uptick in last-minute shopping trips on the all-important weekend before Christmas is likely to benefit consumer electronics chains like Best Buy and home improvement retailers...

  • MOSCOW, Dec 18- IKEA, the world's biggest furniture retailer, said on Thursday it had temporarily stopped sales of kitchen furniture and appliances because it could not meet increased demand. Russians, worried about the collapse in the rouble, have rushed to buy durable goods such as cars and electronics before prices rise and their savings devalue as the rouble...

  • Dec 11- Electronics retailer RadioShack Corp said lenders have not agreed to the closure of 1,100 stores, raising doubts about its turnaround plan and sending its shares down 7 percent. RadioShack, which warned of bankruptcy in September, was forced to reduce its target of 1,100 closures to 600 over three years after objections from lenders.

  • Dec 11- Struggling electronics retailer RadioShack Corp said it expected its cost cutting to save more than $400 million annually but did not say when that would be achieved. RadioShack, which warned of bankruptcy in September, has been trying to turn around its business by closing unprofitable stores. Lenders refused to approve the 1,100 store closures...

  • RadioShack quarterly sales drop 16 pct Thursday, 11 Dec 2014 | 7:12 AM ET

    Dec 11- Struggling electronics retailer RadioShack Corp reported a 16 percent drop in quarterly sales and said it was undertaking cost-cutting actions to boost earnings by over $400 million annually. Net loss widened to $161.1 million, or $1.58 per share in the third quarter ended Nov. 1, from $135.9 million, or $1.35 per share, a year earlier.

  • Dec 9- Texas- based electronics and home appliance retailer Conn's Inc reported a quarterly loss, withdrew its 2015 profit forecast, and said its chief financial officer had resigned as its mainly low-income customers struggle with credit payments. The company reported a net loss of $3.1 million, or 8 cents per share for the third quarter ended Oct. 31, compared...

  • Dec 9- Texas- based electronics and home appliance retailer Conn's Inc reported a third-quarter loss and withdrew its 2015 profit forecast, sending its shares down as much as 40 percent in premarket trading. Shares of the company, which also said CFO Brian Taylor had resigned, were set to open at a more than two year-low on Tuesday. The company reported a net loss of...

  • Dec 4- Electronics retailer RadioShack Corp will stop matching employees' retirement-fund contributions and review health benefits to help cut costs, Bloomberg reported on Thursday, citing an internal memo. RadioShack will discontinue matching for 401 and 1165 plans on Feb. 1, the memo from Chief Executive Officer Joe Magnacca said, according to Bloomberg.

  • SHANGHAI, Dec 4- U.S. retailer Best Buy Co Inc said on Thursday it will sell its struggling China business, Five Star, to domestic real estate firm Zhejiang Jiayuan Group in order to focus on its North American operations. Best Buy has struggled to fend off Chinese rivals in a crowded market, as other U.S. firms have complained that operating in the country has become...

  • RadioShack shares fall after covenant breach claims Tuesday, 2 Dec 2014 | 2:57 PM ET

    RadioShack rejected claims that it breached covenants on a $250 million term loan.

  • Dec 2- RadioShack Corp said it received a notice from lender Salus Capital Partners accusing it of breaching covenants on a $250 million term facility, claims the troubled electronics retailer called "wrong and self serving." Trading in RadioShack's shares was halted. The claims were related to a recapitalization and investment agreement and amendment to the...