RICHFIELD, Minn.— Best Buy's stock jumped in trading Thursday after its first-quarter sales and profit managed to top analysts' expectations. It was only a few years ago that critics were about to write Best Buy's obituary, questioning how a big-box retailer could compete in a shifting landscape where shoppers are increasingly researching products at big...» Read More
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Shares of the electronic retailer are soaring after beating the Street's expectations, reports CNBC's Courtney Reagan with details of her interview with the company's CEO Hubert Joly.
R.J. Hottovy, Morningstar analyst, provides perspective on the electronic retailer's second quarter earnings of $0.32 ex-items EPS on revenues of $9.3 billion.
Dell reported earnings and revenue that beat Wall Street forecasts as growth in its enterprise solutions business offset the ongoing slump in PCs.
Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.
Rob Enderle, Principal Analyst at Enderle Group discusses whether lower advertising revenue will continue to plague Google in the coming quarters.
With a new CEO at the helm, RadioShack is out to reinvent itself and reconnect with customers that have long since turned to other retailers.
RadioShack is trying to get on track by rolling out an entire new retail look, reports CNBC's Courtney Reagan.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
Eric Bleeker, senior tech analyst at the Motley Fool, said that because consumer price sensitivity is key, Sony's cheaper PlayStation 4 has the edge.
Apple's cutting-edge product development has lacked in recent quarters, and Jim Cramer said that one company outside the tech sector is putting the one-time leader to shame.
Find out why Deutsche Bank is getting even more bullish on the retailer that was once left for dead.
Steve Durose, senior director and head of APAC TMT Ratings at Fitch Ratings, doubts that a spinoff of Sony's entertainment business would deliver significant focus or capital to its electronics unit.
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.
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.
CNBC's Courtney Reagan breaks down the big box retailers first quarter results.
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.
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).
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.