Allen Questrom, Former Chairman and CEO of J.C. Penney, discusses how traditional retailers can survive competition from Amazon and other internet competitors. » Read More
The past five years haven't been the brightest for the economy or consumers, but that hasn't held back retail stocks. It's been the consumer that has led the way for the Dow Jones Industrial Average since the Oct. 9, 2007, closing peak for the blue chip index, with two retailers landing among the top five performers since that time.
Stocks ended near session highs in choppy trading, with the S&P 500 finishing in positive territory for the first Monday in 2013 and the Dow close to hitting its record closing high, as investors shook off earlier worries over China and a lack of progress over the sequester.
Despite Best Buy's better-than-expected earnings and revenue, one analyst likened it to the Titanic on an iceberg crash course.
Stocks finished in positive territory on the first trading day of March, with the Dow within 100 points of hitting an all-time closing high, as a better-than-expected ISM manufacturing report offset worries over China and Europe and as investors shrugged off the looming government spending cuts.
Best Buy is still losing money, but reporting better than expected results after rejecting a $1 billion investment in the firm, with CNBC's Mary Thompson.
CNBC's Mary Thompson reports highlights from the company's conference call.
Michael Pachter, Wedbush Securities analyst, has the play on Best Buy after reporting better-than-expected numbers and no buyout offer from founder Richard Shulze.
On the day mandatory budget cuts are to begin, CNBC's Jim Cramer said Friday that market fears about Washington's gridlock are overblown.
Michael Lasser, UBS analyst, breaks down the big box retailer's quarterly numbers, and discusses why the company's business model still works, but in the future its stores will become a focal point to launch their online business.
U.S. stock index futures held their losses Friday, weighed by a weaker-than-expected personal income report and weak economic data from Europe and China.
Consumer electronics giant Best Buy reported quarterly earnings and revenue that exceeded Wall Street's expectations.
Richard Schulze's efforts to take over Best Buy, the struggling electronics retailer he founded nearly 47 years ago, have ended. The New York Times reports.
The big box retailer is deploying various new strategies to turn the company around and combat "showrooming" including honoring online price matching all the time. Still, Wall Street expect same-store sales to fall 1 percent for the fourth quarter.
CNBC's Courtney Reagan provides a look ahead to the retailer's quarterly numbers.
U.S. stock index futures struggled to hold gains Thursday, as investors digested a tepid GDP report against better-than-expected jobless claims news.
Best Buy founder Richard Schulze's effort to take the company private is in trouble after attempts to secure financing faltered, while an alternative strategy to line up minority investors may not pan out either, Reuters reported.
Consumers, claiming insider knowledge from former employees, file class action lawsuits alleging Budweiser brands are intentionally watered down and the alcohol content misstated
Check out which companies are making headlines after the bell Tuesday:
Stocks ended near their best levels Tuesday, recovering from their worst one-day drop in 2013, following Fed Chairman Ben Bernanke's speech and buoyed by a batch of upbeat economic reports.
Best Buy says it has cut about 400 jobs at its Richfield, Minn., headquarters.