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Computer and Electronics Retail

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  • Feb 2- Amazon.com Inc and Sprint Corp are considering acquiring some RadioShack stores after the troubled electronics retailer files for bankruptcy, Bloomberg reported, citing people with knowledge of the discussions. Amazon has considered using the RadioShack stores as showcases for the Seattle- based company's hardware as well as potential pickup and...

  • Feb 2- Troubled electronics retailer RadioShack Corp is preparing to shut down the chain in a bankruptcy deal that would see half the stores taken over by Sprint Corp, Bloomberg News reported, citing people with knowledge of the discussions. Sprint and RadioShack have also had talks about co-branding the stores, Bloomberg reported, citing two anonymous...

  • Feb 2- Troubled electronics retailer RadioShack Corp is preparing to shut down the chain in a deal that would see half the stores taken over by Sprint Corp, Bloomberg News reported, citing people with knowledge of the discussions. Sprint and RadioShack have also had talks about co-branding the stores, Bloomberg reported, citing two anonymous sources.

  • RadioShack gets another delisting warning from the NYSE Thursday, 22 Jan 2015 | 6:39 PM ET

    Jan 22- RadioShack Corp said the New York Stock Exchange had issued a fresh warning that it could delist the struggling electronics retailer as its average market capitalization had stayed below $50 million for more than 30 consecutive days. RadioShack, which is expected to file for bankruptcy by next month, received the notice on Jan. 15 and has 45 days from then...

  • SAN FRANCISCO/ BEIJING/ SHANGHAI, Jan 16- China's Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China's vast and growing middle class. Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world's...

  • Best Buy expects no same-store sales growth in Q1, Q2 Thursday, 15 Jan 2015 | 7:22 AM ET

    Jan 15- Electronics retailer Best Buy Co Inc said it expects same-store sales growth to be flat to negative in the first two quarters of its fiscal year starting February. Best Buy's shares fell 7 percent in premarket trading on Thursday. The company said revenue rose 2 percent to $11.36 billion in the nine weeks ended Jan. 3, while same-store sales increased 2.5...

  • Jan 13- GameStop Corp, the world's largest retailer of video game products, said December same-store store sales rose 4.4 percent, driven by higher demand for games such as Call of Duty: Advanced Warfare, Grand Theft Auto V and Far Cry 4.. GameStop said it now estimated same-store sales to fall 1-2.5 percent in the fourth quarter ending January.

  • GameStop's December same-store sales up 4.4 pct Tuesday, 13 Jan 2015 | 4:44 PM ET

    Jan 13- Video game retailer GameStop Corp said December comparable store sales rose 4.4 percent, driven by higher demand for games such as Call of Duty: Advanced Warfare, Grand Theft Auto V and Far Cry 4.. Shares of the world's largest retailer of video game products rose about 10 percent to $36 in extended trading. New software sales grew 5.8 percent during the...

  • *Q1 sales 18.3 billion euros vs forecast 18.2 billion. BERLIN, Jan 13- Metro AG, Europe's fourth-biggest retailer, saw a recovery gain pace at three of its four businesses in the important Christmas quarter, with growth in consumer electronics the strongest since 2006, boosting its shares. Stripping out the impact of the disposal of hypermarkets in eastern...

  • RadioShack shares jump on financing rumors Monday, 12 Jan 2015 | 6:01 PM ET

    Salus Capital offered Radioshack $500 million in turnaround financing, Dow Jones reported Monday, citing sources close to the matter.

  • Prosecutors raid LG headquarters over washer row Saturday, 27 Dec 2014 | 1:51 AM ET

    Prosecutors raided LG Electronics' headquarters amid a probe of whether LG damaged rival Samsung Electronics' washing machines at German retail stores, LG said.

  • Dec 26- U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report. The report, which tracks spending by combining sales activity in MasterCard's payments network with...

  • Dec 26- Consumers spent actively on lodging and restaurants during the holiday season, while sales of electronics were flat, reflecting an ongoing shift toward spending on "experiences" rather than goods, MasterCard said in a holiday spending report. MasterCard said the growth was in line with its forecast for the holiday season and underscored the impact of an...

  • Sears has not named his replacement. Jooma joined Sears in 2007 after senior e-commerce positions at electronics retailer Circuit City and OfficeMax, according to his LinkedIn profile. The move comes as Sears is attempting to restore profitability by shrinking its network of stores and promoting the integration of its bricks-and-mortar and online...

  • CHICAGO, Dec 24- U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc.. "The past weekend will not save this holiday season," said Craig Johnson,...

  • Sears has not named a replacement. Jooma joined Sears in 2007 after senior e-commerce positions at electronics retailer Circuit City and OfficeMax, according to his LinkedIn profile. The move comes as Sears is attempting to restore profitability by shrinking its network of stores and promoting the integration of its bricks-and-mortar and online...

  • CHICAGO, Dec 18- Despite a disappointing Thanksgiving weekend, U.S. holiday sales may squeak by expectations if steeper and longer-running discounts lure enough shoppers. An uptick in last-minute shopping trips on the all-important weekend before Christmas is likely to benefit consumer electronics chains like Best Buy and home improvement retailers...

  • MOSCOW, Dec 18- IKEA, the world's biggest furniture retailer, said on Thursday it had temporarily stopped sales of kitchen furniture and appliances because it could not meet increased demand. Russians, worried about the collapse in the rouble, have rushed to buy durable goods such as cars and electronics before prices rise and their savings devalue as the rouble...

  • Dec 11- Electronics retailer RadioShack Corp said lenders have not agreed to the closure of 1,100 stores, raising doubts about its turnaround plan and sending its shares down 7 percent. RadioShack, which warned of bankruptcy in September, was forced to reduce its target of 1,100 closures to 600 over three years after objections from lenders.

  • Dec 11- Struggling electronics retailer RadioShack Corp said it expected its cost cutting to save more than $400 million annually but did not say when that would be achieved. RadioShack, which warned of bankruptcy in September, has been trying to turn around its business by closing unprofitable stores. Lenders refused to approve the 1,100 store closures...