Costco Wholesale Corp said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. Costco shares were down 1.9 percent in morning trading.» Read More
The "Squawk Box" crew breaks down the numbers on the electronic retailer, reporting Q1 EPS of $0.72 ex-items vs. $0.59 est. on revenues of $11.61 billion vs. $11.52 billion est.
Apple remains the premiere play on the rise of the mobile internet sector, says Brian White, Topeka Capital Markets, who expects the next 12-18 months to be very exciting for the company.
Shares of Best Buy plunged 7 percent yesterday on news of the company's reported $1.7B net loss in Q4. Discussing the company's announcement to close 50 U.S. big-box stores and fire 400 employees to save $800M in costs, with Michael Pachter, Wedbush Securities managing director.
David Strasser, Janney Montgomery Scott retail analyst, discusses Best Buy's sagging Q4 revenues, and the company's plans to shift towards mobile sales and smaller stores.
Michael Pachter, Wedbush Securities, explains his bleak predictions for the consumer electronics megastore, and what he expects from Best Buy's earnings report tomorrow, with the Fast Money traders.
Shares of Apple opened lower in today's market, despite the rally upon news of selling three million of their newly launched iPads. Shaw Wu, Sterne Agee, has a price target of $740 on the company.
CNBC's Phil LeBeau has details on the FAA reviewing a ban on electronics during flight takeoffs and landings and why pilots are able to use iPads in the cockpit.
Best Buy shares were down more than 34% last year, but could their rich cash flow make them an attractive takeover target for private equity? Dana Telsey, Telsey Advisors, discusses.
Discussing extreme deflations in the the television market, with Molly Wood, Cnet.com executive editor. "I think manufacturers have a pretty good opportunity now if they can make some content deals," she says.
For many, getting a gift card is a relief, over getting an ugly sweater. CNBC's Courtney Reagan reports on gift card sales this season at Riverside Mall in New Jersey.
CNBC's Jon Fortt reports Apple's release of the new and improved iPad3 set for February 24th, 2012.
The Fast Money Halftime Report traders discuss potential for HP.
Best Buy has cancelled some Black Friday orders at the last minute, blaming overwhelming demand. Barney's, Kohl's and Target have similar issues. Ylan Mui, Washington Post reporter shares the details.
CNBC's Courtney Reagan has the details on which retail stocks have been naughty or nice to investors this year and what investors should expect from their returns.
Fast Money trader J.J. Kinahan makes a 'buy, sell or hold' recommendation for Best Buy and Amazon.
Netflix shares rose on speculation Verizon was bidding on the company, then shares fell after Verizon confirmed no discussion has occurred, with CNBC's Julia Boorstin.
Flooding in Thailand has cut the world's supply of hard disk drives. Discussing which companies are most likely to be affected, with Brian Blair, Wedge Partners principal.
CNBC's Jon Fortt takes a look at this year's "must-haves" tech gadgets.
Hewlett-Packard has been on a wild ride since news went public that former CEO Leo Apotheker was considering spinning off the PC business. The stock immediately fell and the company killed its tablet. Discussing the impact of these changes and what is next for HP, with Todd Bradley, Hewlett-Packard executive vice president of personal systems group.
CNBC.com considered how famous movie characters made their living. We found what their salaries would be in real life, then determined if they could really afford to live in that apartment, drive that car, or eat at that restaurant.