Specialty Retail Computer and Electronics Retail

  • Several electronics vendors announced discounts on iPhone devices this week, following mass discounts in January just before Apple reported sinking sales in China. Com Co Ltd said it would slash the price of the iPhone XS by as much as 1,000 yuan from its official price. Pinduoduo Inc, an e-commerce site best known for selling inexpensive goods, has also said it...

  • Shares of the largest U.S. consumer electronics retailer surged 11 percent, also getting a boost from an 11 percent hike in its quarterly dividend and a plan to buy back $3 billion of stock. "Best Buy continues to generate increasing traction in its multi-channel quest, with both brick-and-mortar and online posting impressive performance for both Q4 and FYE...

  • Feb 27- Best Buy Co Inc beat Wall Street estimates for fourth-quarter same-store sales on Wednesday as the biggest U.S. consumer electronics retailer sold more wearable devices, gaming consoles and appliances during the holiday quarter. Best Buy's domestic comparable sales rose 3 percent in the three months ended Feb. 2. Total revenue fell 3.7 percent to...

  • Feb 11- Australian electronics retailer JB Hi-Fi Ltd on Monday reported a 5.5 percent rise in half-yearly profit, helped by strong performances at both its Australia and New Zealand businesses. Net profit attributable for the six months ended Dec 31 was A $160.1 million, up from the prior year's A $151.7 million. The company recommended an interim dividend of...

  • More people are watching esports than CNN, Netflix, ESPN, HBO combined: Logitech CEO

    Jim Cramer checks in with Logitech International President and CEO Bracken Darrell to get the pulse on the growing esports space and his computer accessories business.

  • *UK electricals sales up 2 pct, mobile sales down 7 pct. LONDON, Jan 22- Dixons Carphone's turnaround plan has made a good start, the British retailer said on Tuesday, reporting a small rise in underlying revenue in the key Christmas period and keeping its full-year profit guidance. The group, which trades as Currys PC World and Carphone Warehouse in Britain, reported...

  • UK online electricals retailer AO World said on Friday sales growth slowed in its home market in the Christmas quarter, though it maintained its forecast for the full year. Tesco, Britain's biggest retailer, beat forecasts with a 2.2 percent rise in like-for-like sales in Britain over Christmas, saying it outperformed the market in food, clothing and general...

  • *Suning is selling 64 GB iPhone 8 at a 1,200 yuan discount. SHANGHAI, Jan 11- Several Chinese electronics retailers including Alibaba-backed Suning and JD.com have slashed iPhone prices this week, after Apple recently blamed poor sales of the smartphone in the country for a rare revenue warning. The discounting, as steep as $118 for the recently launched 64 GB...

  • LONDON, Jan 10- European shares tumbled on Thursday as optimism over U.S.- China trade talks faded and a slew of weak earnings reports hit auto and retailer stocks. The trade-sensitive DAX was down 0.4 percent by 0950 GMT, while the pan-European STOXX 600 lost 0.3 percent and Britain's FTSE 100 fell 0.2 percent. "Overnight the Chinese Commerce Ministry said talks...

  • *U.S. retailers' shares hit by gloom in Europe. NEW YORK, Dec 19- A slowdown in global consumer confidence threatens to overshadow the holiday shopping season in the United States, which despite a strong start is not immune to developments in Europe. Super Saturday, the last before Christmas and the biggest shopping day of the U.S. holiday season, is likely to bring in...

  • *EBIT seen down slightly in 2018/ 19; sales seen slightly up. BERLIN, Dec 19- Ceconomy, Europe's biggest consumer electronics retailer, expects profits to fall again in 2018/ 19 as it faces competition online and seeks a new leadership team, sending its shares tumbling 13 percent to a record low. Ceconomy, which runs more than 1,000 stores across Europe, expects...

  • LONDON, Dec 12- European shares opened higher on Wednesday and were set for a second day of gains as sentiment towards the Sino-US trade dispute lifted after U.S. The Euro zone STOXXE index was up 0.7 percent at 0829 GMT with most bourses across the continent in the black. Also in Britain, Dixons Carphone, the electricals and mobile phone retailer, lost close to 10...

  • *Cyber Monday expected to rake in $7.8 bln in sales. Nov 26- U.S. stocks gained on Monday, helped by shares of retailers on expectations of blockbuster sales on the largest online shopping day of the year, and as technology shares rose after taking a beating last week. The shopping day is expected to rake in $7.8 billion in sales, according to Adobe Analytics, which...

  • NEW YORK/ PITTSBURGH, Nov 23- U.S. shoppers formed long lines at store checkout counters on Black Friday to snap up deep discounts on clothing and electronics, offering evidence that a healthy economy and rising wages are translating into stronger consumer spending at the start of retailers' make-or-break holiday season. "I am spending more, the mood generally is...

  • NEW YORK, Nov 23- U.S. shoppers formed long queues at store checkout counters on Black Friday to take advantage of deep discounts on clothing and electronics, offering evidence that a healthy economy and rising wages are translating into stronger consumer spending at the start of retailers' make-or-break holiday season. Shoppers picked up big ticket items...

  • Nov 20- U.S. stocks were set to open sharply lower on Tuesday as poor forecasts from retailers including Target Corp and Kohls Corp for the holiday quarter fed into a market driven lower this week by concerns about demand for iPhones. Should Apple's loss hold through the day, its shares would have lost more than 20 percent of their value, or around $250 billion, since...

  • Logitech CEO: Focus on gaming, video collaboration and our core business for earnings

    Jim Cramer speaks to Logitech President and CEO Bracken Darrell about his company's latest investments and how Wall Street should approach earnings.

  • Jim Cramer on "Mad Money."

    Jim Cramer urges investors to give Southwest Airlines another look after today.

  • Jim Cramer on "Mad Money."

    Jim Cramer breaks down how Elon Musk’s tweet on taking Tesla private impacted the bond market.

  • It's 'inevitable' that esports will be part of the Olympics, Logitech CEO says

    Jim Cramer sits down with Logitech International President and CEO Bracken Darrell, who says esports will be in the Olympics and could be the biggest sport in the world.