Best Buy (NYSE: BBY) shares plunged as it reported another weak quarter. CEO Brian J. Dunn may be closer to losing his job. Revenue rose only 2% to $12.1 billion in the…
Douglas A. McIntyre Chasing a stock just because it appears to be a “value stock” is often a painful exercise that damages investors. Still, sometimes the value of a company is just too difficult to…
Jon C. Ogg If the recent CNBC survey of US holiday shoppers accurately portrays what these shoppers plan to spend this year, US retailers can expect a pretty good year. Those surveyed said they plan…
Holiday e-commerce sales continue to set records. Amazon.com (NASDAQ: AMZN), which is the leader in e-commerce sales by far as a single company, is likely to be among the major beneficiaries of…
Smartphone pioneer Research in Motion Ltd. (NASDAQ: RIMM) has lowered its third-quarter guidance and said that it will take a “predominantly” non-cash charge of $485 million on its existing inventory of the…
Google (NASDAQ: GOOG) may enter the e-commerce business which would put it into direct competition with Amazon.com (NASDAQ: AMZN), according to The Wall Street Journal, Reuters points out that Google relies heavily…
Hitwise released its report about e-commerce activity at the top 500 online retailers on Cyber Monday. Overall activity rose 24%, which is in line with other data. The online research firm said…
The Monday following this year’s Thanksgiving, also known as Cyber Monday, was the highest-grossing online shopping day in U.S. history. According to research firm comScore, spending reached $1.25 billion, an increase of…
An unexpected gain in October retail sales has boosted prospects for a better-than-forecast holiday retail sales season. Some of the sales gains will come from lower pricing, which can’t always be counted…
Amazon.com (NASDAQ: AMZN) is supposed to thrash Walmart (NYSE: WMT) in sales increases this holiday season. That should make Amazon the better investment. Wall St. believes otherwise, though. Over the past month, shares in Walmart are flat,…
Ace Hardware – Midnight Friday Enter to win a Craftsman 5-drawer Tool Center. A.C. Moore – 5 a.m. Friday Free $10 gift card to the first 50 customers. Bealls – Midnight Friday…
The CEOs of Gap (NYSE: GPS) and Best Buy (NYSE: BBY) are at the ends of their respective ropes. If each company has poor holiday sales, as is expected, both chief executives likely…
The supercommittee appears unlikely to settle on a deficit agreement. (Reuters) A senior Chinese official says he expects the global recession to last for some time. (Reuters) Spain’s center-right People’s Party gains…
The retail jamboree known as Black Friday seems to start earlier every year. The door-buster sales used to begin in the wee hours of Friday morning, but several retailers have already announced…
Olympus says it concealed losses for decades. (Reuters) Italy’s sovereign debt interest rates rise sharply. (Reuters) Toyota’s (NYSE: TM) profits fall and it withdraws its full-year forecast. (Reuters) Greece cannot decide on…
