×

Specialty Retail Computer and Electronics Retail

  • NEW YORK, May 24- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, posted a deceleration in online sales during the first quarter and did not update its full-year financial outlook, sending its shares sliding in early trade. Online sales growth decelerated meaningfully, "said Jason Benowitz, analyst and senior portfolio manager at The Roosevelt...

  • NEW YORK, May 24- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, posted a deceleration in online sales during the first quarter, sending its shares sliding in pre-market trade, as investors shrugged off strong quarterly sales and earnings performance. Best Buy's Chief Financial Officer Corie Barry said on a call with investors first-quarter online...

  • NEW YORK, May 24- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, posted a deceleration in online sales during the first quarter, sending its shares down in pre-market trading on Thursday as investors shrugged off stronger-than-expected quarterly comparable sales and earnings. Best Buy's Chief Financial Officer Corie Barry said on a call with...

  • NEW YORK, May 24- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy's sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts'...

  • A Best Buy store in New York City.

    Best Buy, the No. 1 U.S. consumer electronics retailer, reported a forecast-beating rise in same-store sales in the first quarter, helped by strong customer demand.

  • NEW YORK, May 24- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, reported a forecast beating rise in same-store sales in the first quarter, helped by strong customer demand, sending its shares up 2 percent in premarket trade. The Richfield, Minnesota- based company's net income rose to $208 million, or 72 cents per share, in the quarter, from $188 million, or...

  • May 22- Kohl's Corp raised its annual earnings forecast on Tuesday, as the department store chain sells products more efficiently and benefits from tie-ups with other retailers. More customers are also shopping at Kohl's, which has a lucrative deal with Amazon.com Inc. Kohl's stores sell Amazon electronics and accept returns from Amazon customers.

  • SAO PAULO, May 7- Brazil's Magazine Luiza SA, an electronics and appliance retailer whose share price has tripled in the last 12 months, again reported a strong rise in quarterly profit on Monday and pledged to accelerate its already aggressive growth. Magazine Luiza's strong performance in recent quarters- as well as that of tech-savvy competitors like Via...

  • SAO PAULO, May 7- Brazil's Magazine Luiza SA, an electronics and appliance retailer whose shares have more than tripled in the last 12 months, reported a strong rise in quarterly net income on Monday, as e-commerce sales sky-rocketed. In a securities filing, the company reported first-quarter net income of 147.5 million reais up 152 percent from a year earlier.

  • Cramer Remix: Microsoft and Intel could rule the world again

    Jim Cramer says tech earnings put him into a time machine going back to the 1990s when “Wintel” reigned supreme.

  • Amazon founder and CEO Jeff Bezos and Best Buy chairman and CEO Hubert Joly announce new Fire TV Edition smart TVs in Bellevue, WA.

    Amazon and Best Buy are teaming up to sell Amazon's new Fire TV Edition smart TVs.

  • WASHINGTON, March 19- Several large U.S. retail companies, including Wal-Mart Inc, Target Corp, Best Buy Co Inc and Macy's Inc, on Monday sent President Donald Trump a letter urging him not to impose massive tariffs on goods imported from China. Washington could impose more than $60 billion in tariffs on goods ranging from electronics to apparel, footwear and toys.

  • NEW YORK, March 9- Best Buy Co Inc has completed a five-year turnaround and is ready to compete with market leader Amazon.com Inc to prove U.S. retail is not a "winner takes all" situation, Chief Executive Hubert Joly told Reuters on Friday. For the last five years the Richfield, Minnesota- based retailer has invested in price-matching, faster delivery, improving the...

  • NEW YORK, March 1- Best Buy Co Inc reported a greater-than-expected jump in quarterly sales on Thursday as it sold more mobile phones, gaming products and appliances during the key holiday season. The No.1 U.S. consumer electronics retailer benefited from the exit and decline of some competitors such as RadioShack and HH Gregg Inc, which filed for bankruptcy and...

  • NEW YORK, March 1- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, reported a jump in quarterly comparable sales on Thursday that exceeded forecasts amid strong demand, less competition, and robust sales in the gaming category. The company's revenue grew 14 percent to $15.36 billion, beating estimates for $14.5 billion. "The roughly $2 billion overall...

  • NEW YORK, March 1- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, reported a jump in quarterly comparable sales on Thursday that exceeded forecasts amid strong demand, a favorable competitive environment and robust sales in the gaming category. Best Buy said it expects to incur as much as $65 million in pretax charges from the closures, which could...

  • Shoppers at a Best Buy store in Brooklyn, New York.

    Best Buy reports better-than-expected same-store sales for the fourth quarter.

  • NEW YORK, March 1- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, reported a higher-than-expected rise in same-store sales in the fourth quarter, helped by strong customer demand, improving competitive environment and strong sales in the gaming category. The Richfield, Minnesota- based company's net income fell to $364 million, or $1.23 per share, in...

  • The stores, which contributed just over 1 percent to the company's overall revenue and 1 percent to its overall square footage, will be shut effective May 31. The Minneapolis- based retailer said it will continue to sell mobile phones through its 1,000 U.S. big box stores and online. The decision does not impact the company's 52 mobile stores in Canada.

  • The stores, which contributed just over 1 percent to the company's overall revenue and 1 percent to its overall square footage, will be shut effective May 31. The Minneapolis- based retailer said it will continue to sell mobile phones through its 1,000 U.S. big box stores and online. Best Buy began opening these stores more than a decade ago, before Apple Inc's...