Aug 26- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.» Read More
Aug 26- Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected quarterly revenue for the third straight quarter, citing a drop in traffic in its stores as more people shop online.
RICHFIELD, Minn.— Best Buy's shares fell Tuesday after the nation's largest consumer electronics retailer reported a revenue shortfall in the second-quarter revenue, as people increasingly shop online. Best Buy said its second-quarter net income fell 45 percent from a year earlier, when it benefited from a $229 million legal settlement.
Aug 26- Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported a 4 percent drop in quarterly revenue due to lower traffic in its stores. Best Buy shares were down 4.6 percent in premarket trading.
NEW YORK— Shares of GameStop jumped in premarket trading Friday after the video game retailer said its quarterly profit more than doubled on strong sales of new consoles.
Japanese firms are finding it difficult to secure sufficient workers, hit by a labor shortage that is pushing up hiring costs and eating into profits.
July 31- RadioShack Corp investor BlueCrest Capital Management is pushing the struggling electronics retailer to repay lenders who are blocking its plans to shut stores, Bloomberg reported. RadioShack said in March it would close 1,100 stores after reporting a huge drop in sales during the holidays.
*Carrefour profits rise in France, Brazil, Argentina. BERLIN/ PARIS, July 31- Two of Europe's top retailers, France's Carrefour and Germany's Metro, are making progress in their quests to revive performance in their home markets, with Metro rewarding its chief executive with a contract extension.
Best Buy, survivor of a breed that once included competitors like Circuit City, is trying to stay relevant. Re/code reports.
July 29- RadioShack Corp may run out of cash as early as October 2015, giving the struggling electronics retailer little time to turn around its business, a Moody's Investors Service report said.
*Jumia adding retail sites for Uganda, Ghana and Cameroon. BERLIN, July 28- Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets- Uganda, Ghana and Cameroon, the company said on Monday.
While there are plenty of gadgets to make your Independence Day fun, experts say this year it's all about staying connected while playing.
*IPO restart depends on Ukraine, rouble- sources. DUESSELDORF, June 26- Metro Cash& Carry Russia German retailer Metro could resume seeking a share listing for its Russian cash-and-carry wholesale operation in September, having delayed the process in March due to the Ukraine crisis, sources close to the matter said.
In their panic to compete, brick-and-mortar stores overlook what really matters to their customers—service, according to a Gallup poll.
Intel raised its revenue guidance for Q2 and the full year, citing stronger than expected PC demand. CNBC's David Faber and Jim Cramer share their view of the PC market. "Michael Dell is the real winner here," Cramer says.
The "Squawk on the Street" discuss the trade on Intel after the company announced it raised its revenue guidance for Q2 and the full year. "We have a leader of old tech," Cramer explains.
June 10- U.S. electronics retailer RadioShack Corp reported its ninth straight quarterly loss and is burning through cash as its struggles to sustain its turnaround efforts, which so far has failed to bear fruit.
June 10- U.S. electronics retailer RadioShack Corp reported a much bigger-than-expected first-quarter loss as its turnaround efforts failed to bear fruit, raising doubts about the company's long-term prospects. Shares of RadioShack, which reported its ninth straight quarterly loss, fell as much as 14 percent in early trading.
June 10- U.S. electronics retailer RadioShack Corp reported a much bigger-than-expected quarterly loss, hurt by higher promotions in its smart phones and tablets business and weak sales of consumer electronics. Shares of RadioShack, which reported its ninth straight quarterly loss, plunged about 22 percent in premarket trading.
June 10- U.S. electronics retailer RadioShack Corp reported a bigger quarterly loss, hurt by higher promotions in its smart phones and tablets business and weak sales of consumer electronics. The company's net loss widened to $98.3 million, or 97 cents per share, in the first quarter ended May 3 from $28.0 million, or 28 cents per share, a year earlier.
Xbox head Phil Spencer goes one-on-one with CNBC's Julia Boorstin at this year's Electronic Entertainment Expo.