Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.» Read More
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.
While Best Buy beat analyst estimate for profit, the world's largest consumer electronics chain missed the Street forecast for sales.
*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.
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.
At least one analyst at Target pushed for an investigation into payment systems after government and industry reports.
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.
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.
BERLIN, Jan 20- Metro AG plans to sell up to a quarter of its stake its Russian cash and carry unit in a initial public offering in the first half of the year on the London stock exchange, the German retailer said on Monday.
*Best Buy tumbles after holiday sales results, outlook. NEW YORK, Jan 16- U.S. stocks modestly came off their fresh highs from a day earlier in the wake of a stunning drop on Thursday in shares of retailer Best Buy.
NEW YORK, Jan 16- Best Buy Co Inc reported a drop in total revenue and sales at its established U.S stores in the all-important holiday season, sending shares tumbling more than 30 percent in early trading. Best Buy's report was the latest evidence that holiday sales at many U.S. retailers came at the expense of margins.
Kano Computing lets kids build their own computers using microchip "Raspberry Pi." Alex Klein, Kano Computing co-founder, discusses his business model and how he attracted backers Steve Wozniak and Yancy Strickler from Kickstarter. CNBC's Jon Fortt reports.
Today's service plans are significantly better than those sold 10 or 15 years ago. Most states now require these contracts to have disclosures.
Costco Wholesale Corp said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. Costco shares were down 1.9 percent in morning trading.