courtesy of Wal-Mart StoresWal-Mart Stores Inc. (NYSE: WMT) has decided to increase the ante as it tries to take sales away from other big-box retailers, consumer electronics chains and department stores. It…
thinkstockFounders of major companies are sometimes pushed out by their boards. It is quite another thing for an outsider to do the same. Netflix Inc.’s (NASDAQ: NFLX) Reed Hastings has lost much…
thinkstockBest Buy Co. Inc. (NYSE: BBY) cuts forecasts. (Reutesr) Spain will increase the rate at which its helps its regional governments. (Reuters) The federal government sues Bank of America Corp. (NYSE: BAC)…
Best Buy Co. Inc. (NYSE: BBY) should have hoped founder Richard Shulze might have bought the firm as he considered its financial status. Now, it may be too late. Best Buy offered…
Softbank may seek $23 billion in loans from Japanese banks as it tries to buy a controlling interest in Sprint Nextel Corp. (NYSE: S). (Reuters) Jeff Bezos of Amazon.com Inc. (NASDAQ: AMZN)…
News has been out all day about same-day delivery being tested by Wal-Mart Stores Inc. (NYSE: WMT). The move, if successful and if launched, is an obvious front to challenge the likes…
In its report today on September retail sales, Target Corp. (NYSE: TGT) announced that beginning in January 2013, the company would no longer report monthly sales figures, including same-store sales: This decision…
Best Buy Co. Inc. (NYSE: BBY) is still a buyout candidate. That is what Reuters has said in a report. Founder Richard Schulze and four named private equity firms have reportedly started…
New management at Best Buy Co. Inc. (NYSE: BBY) has not articulated a turnaround plan, and that may be because there is none. The people who run the consumer electronics retailer cannot conjure…
The founder of Best Buy Co. Inc. (NYSE: BBY) is well along with an $11 billion buyout plan. (Reuters) As some companies leave Spain, the nation’s tax base falls. (Reuters) China’s services…
The number of U.S. smartphone owners who use either their mobile browser or a dedicated app to visit a retail site totaled 89.5 million in July, representing about 4 out of every…
Traditionally, consumers have either saved up for Christmas and holiday gift spending or added balances to their credit cards. That was before the recession and before the value hunt took off. The…
In 2010, U.S. firms hired an estimated 627,000 temporary workers to help meet demand for customer service, package handling and warehousing. Of that total, about 495,000 were hired in retail stores. Last…
According to today’s report from the U.S. Census Bureau, retail and food services sales in August rose 0.9% month-over-month and 4.7% compared with August 2011. Economists had been expecting an increase of…
If a retail company gets in trouble or starts to lag on its growth and business model, it seems like the great response is always a chance of a private equity-led buyout.…
