Computer and Electronics Retail


  • *Strategy informed by early career at Daimler, Permira. *Booming e-commerce shaking up retail. FRANKFURT, March 25- Technology entrepreneur, merger manager and turnaround expert, Olaf Koch believes he has enough experience of big challenges to steer Europe's fourth-biggest retailer Metro through its next one: e-commerce.

  • *Ukraine crisis hits Russian markets, Lenta listing. FRANKFURT, March 18- German retailer Metro AG has put on ice a plan for a stock market listing of a stake in its Russian wholesale business because of market turmoil over the crisis in Ukraine.

  • *Tencent buys 15 pct of e-commerce firm JD.com for $215 mln. BEIJING, March 10- Tencent Holdings Ltd's new partnership with China's No. 2 online retailer JD.com takes aim at dominant rival Alibaba's Achilles heel- its weakness in mobile- in a move set to reshape the country's e-commerce industry.

  • Deep discounting eats into Costco's holiday profit Thursday, 6 Mar 2014 | 9:55 AM ET
    A Costco store in Alhambra, Calif.

    Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.

  • Mr. Wonderful: RadioShack concept will hit 'zero' Tuesday, 4 Mar 2014 | 11:57 AM ET
    Kevin O'Leary

    As RadioShack announced Tuesday that it would shutter 1,100 stores, "Shark Tank" investor Kevin O'Leary turned his sights on the struggling retailer.

  • March 4- Retailer RadioShack Corp reported a wider quarterly loss on Tuesday and said it will close up to 1,100 U.S. stores after a huge drop in sales over the holidays, sending its stock down nearly 24 percent.

  • *Metro needs proceeds to grow in Russia, cut debt. DUESSELDORF/ FRANKFURT, Germany, March 3- German retailer Metro's plan for an imminent stock market listing of a stake in its Russian wholesale business is under threat because of market turmoil over the crisis in Ukraine, sources told Reuters on Monday.

  • Feb 27- U.S. retailer Best Buy Co Inc reported a better-than-expected profit in the quarter covering the holiday season and said it would more aggressively cut costs this year to fund its turnaround efforts, sending shares higher in midday trading.

  • Feb 27- U.S. retailer Best Buy Co Inc reported a better-than-expected quarterly profit on Thursday and announced more aggressive cost cuts this year, sending its shares up nearly 6 percent in morning trading.

  • Metro appoints new boss for German wholesale unit Tuesday, 25 Feb 2014 | 7:17 AM ET

    *New boss currently heads business in Czech Republic, Slovakia. BERLIN, Feb 25- Metro AG has appointed Axel Hluchy as new head of its struggling cash and carry business in Germany, bringing in an executive who has largely worked for the retailer in fast-growing eastern Europe.

  • HP tops Wall Street's earnings, revenue forecast Thursday, 20 Feb 2014 | 4:17 PM ET
    Ports on a storage and server tower are displayed during the HP Discover 2013 conference in Las Vegas.

    Hewlett-Packard reported quarterly earnings and revenue that beat analysts' expectations on Thursday.

  • *Cuts 2015 earnings/share forecast to $3.40- $3.70 vs $3.80- $4.00. *Estimates fourth-quarter adjusted earnings/share $0.75- $0.80 vs est $0.93. Woodlands, Texas- based Conn's operates 79 stores in Texas, Louisiana, Arizona, Oklahoma and New Mexico, catering mainly to lower income shoppers.

  • Target staff say they warned of security flaws Friday, 14 Feb 2014 | 5:48 PM ET

    At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.

  • Brookstone may file for bankruptcy: Report Thursday, 13 Feb 2014 | 2:21 PM ET
    A Brookstone store in Santa Monica, California.

    The seller of gadgets, wine accessories, and furniture is in talks with firms about investing. The WSJ reports.

  • BERLIN/ DUESSELDORF, Feb 11- German retailer Metro AG reined in full-year profit expectations on Tuesday after a dip in first-quarter earnings, largely due to lower real-estate income and the strong euro.

  • RadioShack to close about 500 stores: Report Tuesday, 4 Feb 2014 | 1:04 PM ET

    U.S. electronics chain RadioShack is planning to close about 500 stores within months, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

  • HONG KONG, Jan 29- U.S. retailer Wal-Mart Stores Inc said on Wednesday it will upgrade its vendor compliance process in China, requiring more documentation and making use of a computer-based system to help suppliers manage associated paperwork.

  • HONG KONG, Jan 24- A state-owned Chinese TV station which has run a string of stories criticising foreign firms has accused U.S. retailer Wal-Mart of circumventing its quality control process and fast-tracking some products with higher profit margins.

  • BERLIN, Jan 20- German retailer Metro AG plans to sell up to a quarter of its Russian cash-and-carry unit in a London listing in coming months to raise funds to invest in the fast-growing business and pay down debt. The sale is expected to raise at least 1 billion euros for Metro, with analysts valuing the total Russian business at 4- 7.5 billion euros.

  • BERLIN, Jan 20- German retailer Metro AG plans to sell up to a quarter of its Russian cash and carry unit in a initial public offering in the first half of the year on the London stock exchange.

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