Wall Street analysts got ahead of themselves with upbeat expectations, said AlixPartners' Managing Director Steve Nevill, noting that unemployment remained high, and consumers were still worried about their prospects.
JAKARTA, May 7- PT Electronic City Indonesia, one of Indonesia's biggest electronics retailers, is seeking to raise around $150 million in an initial public offering in June 2013 as it aims to tap foreign investor demand for consumer stocks, two sources said.
JAKARTA, May 7- PT Electronic City Indonesia, one of Indonesia's biggest electronics retailers, is seeking to raise around $150 million in an initial public offering in June 2013 as it aims to tap foreign investor demand for consumer stocks, two sources said.
*Carphone Warehouse to pay 500 mln stg for the stake* Best Buy retrenches to core U.S. market By Dhanya Skariachan and Paul Sandle. NEW YORK/ LONDON, April 30- U.S. retailer Best Buy Co Inc retreated from an ill-timed European expansion on Tuesday by selling its stake in a joint venture to Carphone Warehouse Group for less than half of what it paid five years ago.
*Best Buy to sell 50 pct in Carphone Warehouse Europe. *Best Buy retrenches to core U.S. market. NEW YORK/ LONDON, April 30- U.S. retailer Best Buy Co Inc retreated from its ill-fated European expansion on Tuesday by selling its stake in a joint venture to Carphone Warehouse Group for less than half what it paid five years ago.
NEW YORK, April 30- U.S. retailer Best Buy Co Inc. The deal will strengthen Best Buy's balance sheet, simplify its business and improve its return on invested capital, CEO Hubert Joly said in a statement on Tuesday, adding that the timing and economics felt right for the deal.
MOSCOW, Apr 29- Russia's biggest home electronics and white goods retailer M.Video said on Friday its board of directors recommended not to declare 2012 dividend payments.
NEW YORK, April 3- Retailer Best Buy Co is offering a 30 percent discount on its current stock of Apple iPad 3 tablets in the United States, a spokeswoman for the world's largest consumer electronics chain said on Wednesday.
NEW YORK, April 3- Retailer Best Buy Co is offering a 30 percent discount on all Apple on its current stock of iPad 3 tablets, a spokeswoman for the world's largest consumer electronics chain said on Wednesday. Retailers typically slash prices on products in the lead-up to a major launch of a new iPad or iPhone as a way of clearing old inventory, analysts have said.