ThinkstockBest Buy Co., Inc. (NYSE: BBY) wasn’t the only stock hit by its admission that deep discounting failed to boost holiday sales. Investors dumped Best Buy shares heavily in response, and they…
Best Buy shares were crushed in premarket trading Thursday after the company reported disappointing holiday sales and forecast a larger-than-expected decline in quarterly operating margins.
The National Retail Federation (NRF) has now released the holiday numbers, and the naysayers were proven wrong despite some of the worst December weather in years.
Best Buy remains in a state of turnaround, although you do not hear the reports of its future death any longer. 24/7 Wall St. wanted to run the bullish and bearish cases…
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) has a market cap of more than $13.5 billion. hhgregg Inc. (NYSE: HGG) has a market cap of just about $390 million.…
courtesy J.C. Penney Co. Inc.Investors in retailer stocks already know two things about holiday results. The first is that, over the past month of 2013, the rising tide of the stock market…
In a new research report, the equity strategy team at J.P. Morgan has come up with outside-the-box ideas for investors that we have not seen from other big Wall Street houses. They…
courtesy of AOL, IncThe battle between Google (NASDAQ: GOOG) and Yahoo! (NASDAQ: YHOO) for the lead in U.S. unique visitors continued into November. Once again, the portal edged out the search firm–based…
MicrosoftU.S. spending on digital games is declining. In 2012, the total spend was about $21.9 billion compared with an expected total of $20.5 billion in 2013. But the news isn’t all bad.…
As retailers face having only days to improve their sales results, they have turned to a part of their playbook that did not even exist a few years ago -- free shipping.
courtesy of Apple Inc.Like most firms that we cover on Wall Street, Piper Jaffray has updated its top names to buy for 2014, and the firm has an extensive market commentary to…
courtesy Best Buy Co. Inc.The shares of Best Buy Co. Inc. (NYSE: BBY) are up almost 250% this year. The company’s management has staged a turnaround, at least partially. But the progress is…
courtesy Wal-Mart Stores Inc.The spread of estimates of how holiday sales did over the period from Black Friday through Cyber Monday is wide. NRF reported that Thanksgiving Holiday spending reached $57.4 billion, which was…
Wikimedia CommonsAmazon.com Inc. (NASDAQ: AMZN) admitted that the discounts it gave on gifts during its Black Friday Deals Week and Cyber Monday Deals Week are over. Like every other retailer, it has…
MicrosoftIn an announcement Wednesday morning touting its sale of more than 2 million of its new Xbox One game consoles, Microsoft Corp. (NASDAQ: MSFT) said, “Demand is exceeding supply in our 13…
