NEW YORK, Feb 26- Best Buy Co Inc has cut about 400 jobs at its Richfield, Minnesota, headquarters, a spokesman told Reuters on Tuesday. The retailer, which currently employs about 8,000 people in Minnesota, expects to save about $150 million from the headcount reduction and other cuts in selling, general and administrative costs, spokesman Matt Furman said.
Feb 26- Electronics retailer RadioShack Corp reported lower fourth-quarter sales and said it may have to close stores or sell assets to improve liquidity if business does not pick up by 2014, sending its shares down 6 percent before the bell.
*Fourth-quarter adj. earnings/share $0.04 vs est. loss/share $0.05. Feb 26- Electronics retailer RadioShack Corp said it may have to close stores or sell business units to improve its financial footing if business does not pick up by 2014, although analysts saw some positive signs in a quarter of weak sales.
*Best Buy now operates 260 stores in Canada. The U.S.-based company, which has been facing pressure from online retailers such as Amazon.com Inc, will close eight of its Future Shop stores and seven Best Buy branded stores out of a total of about 260 total stores across Canada.
SAN FRANCISCO, Jan 16- Acting as a tax collector may have hurt Amazon.com, Inc's holiday sales analysts and industry executives said, but they expect to know more when the internet retailer reports its fourth-quarter results on Jan. 29.
*Seven stores in China seem likely to be closed. FRANKFURT, Jan 16- German retailer Metro is to scrap its consumer electronics venture in China, once trumpeted as an engine of future growth, after meeting unexpectedly strong competition.
In China, 26 percent admitted to showrooming, compared with 13 percent in India and 7 percent in the United States, IBM said. Retailers that do not embrace the small but growing group of showroomers risk losing those shoppers to Amazon.com Inc and other online-only competitors that often offer merchandise at lower prices.