Computer and Electronics Retail
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Steve Durose, Senior Director, Head of APAC TMT Ratings at Fitch Ratings, is doubtful a spin-off of Sony's entertainment business would deliver significant focus or capital to its electronics unit.
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Steve Durose, Senior Director, Head of APAC TMT Ratings at Fitch Ratings, is doubtful a spin-off of Sony's entertainment business would deliver significant focus or capital to its electronics unit.
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James McQuivey, Principal Analyst at Forrester Research, says with its Xbox One, Microsoft wants to break with the past and offer the one thing consumers want for all their home entertainment needs.
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Among the earnings stories for Tuesday, May 21, from AP Business News:. _ Best Buy Co., the electronics retailer, reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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NEW YORK-- Hhgregg Inc.' s shares tumbled Tuesday after the electronics and appliance retailer reported a slightly better-than-expected fiscal fourth-quarter profit, but its revenue fell well short of Wall Street predictions. THE SPARK: Hhgregg said late Monday that it earned $9.9 million, or 31 cents per share.
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Best Buy shares fell after the company's latest earnings report, but CEO Hubert Joly said there are early positive signs that the moves are beginning to resonate with consumers.
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CNBC's Courtney Reagan breaks down the big box retailers first quarter results.
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Rob Enderle, President and Principal Analyst at Enderle Group, talks Icahn's Dell bid, and whether Dell will be able to turn itself around in this new cloud services industry.
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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.
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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.
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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.
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*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.
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U.S. retailer Best Buy is selling its 50 percent stake in a joint venture with Europe's biggest independent mobile phone retailer Carphone Warehouse Group back to its European partner for about 500 million pounds (or $775 million).
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*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.
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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.
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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.
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IDC report shows much greater declines in PC shipments than expected, but a long piece on the semiconductor industry by Barclays is also getting a lot of attention.
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Tim Daniels, TMT sector strategist at Olivetree Securities, discusses why PC sales have recorded their biggest quarterly drop since 1994 and what the future holds for Microsoft.
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Retailer Best Buy 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.
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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.
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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.