BestBuy
Forbes contributor Larry Downes predicts that Best Buy will eventually go out of business, based solely on one thing: lousy customer service. Ann Brenoff will take that prediction and raise him one: She thinks there are lots of retail companies on track to go bust for the same reason.
The retailer's latest quarter was another disaster. Revenue rose by less than 2% to $12.1 billion. Earnings, adjusted for a one-time restructuring charge, fell to $0.47 a share, well below both last year's figure and analysts' target. Here's why Best Buy's future isn't going to be any easier than its recent past.
3 Reasons Why Best Buy Is Unloading Napster
1:45PM 10/04/2011
The consumer electronics giant is handing over its Napster subscribers and other related assets to Rhapsody in exchange for a minority stake in the combined company. This amounts to a surrender of Napster, which Best Buy acquired just three years ago. Let's go over the three likely reasons why.
Back-to-School Exclusives: Retailers Pin Hopes on Signature Lines, Online Strategies
4:00PM 7/28/2011
JC Penney, Macy's, Sears Holdings, Walt Disney, Retail, Best Buy
The nation's big retailers are betting on exclusive lines to ring up back-to-school sales, and also targeting kids and teens where they wile away the hours -- online -- with digital campaigns designed to both entertain and stoke a social-shopping experience tailor-made for the tech-savvy generation.
7 Free Shipping Options That Are Good For Customers and Investors
12:30PM 7/26/2011
By Selena Maranjian, The Motley Fool
Macy's, Nordstrom, Apple, Wal-Mart Stores, Target Corp, Amazon.com, Barnes & Noble, Best Buy
Online retailing is big business, and growing. As virtual storefronts become major revenue generators, many retailers are realizing the value of free shipping, which has the potential to greatly increase sales. Consider these seven promotional strategies, good for consumers and investors.
Hot Stocks for a Cool Market: Radio Shack
6:30AM 7/07/2011
Company News, Investing, Sprint Nextel Corp, Apple, AT&T, Wal-Mart Stores, Target Corp, Stock Picks, Amazon.com, Stocks in the News, Radio Shack
Electronics retailer Radio Shack is shedding its image as an also-ran. Here's why we see opportunity in a stock that's long been a punch line.
Hit By the Epsilon Security Breach? Here's How to Protect Your Personal Information
12:30PM 4/04/2011
Technology, JP Morgan Chase, Kraft Foods, Verizon, Citigroup, Walt Disney, Best Buy, Market News
After a major weekend security breach, big banks and credit-card issuers are warning customers that hackers may have gotten access to some of their personal data. If you think yours may have been compromised, here are a few steps that you can take.
Tech Take: iPhone 4 Pre-Orders Starting at Best Buy, Radio Shack
5:00PM 6/14/2010
Consumers on the market for Apple's highly anticipated iPhone 4 can begin placing pre-orders at Best Buy and Radio Shack tomorrow, on Tuesday, June 15th, the companies said Monday. The new phone will officially hit stores on June 24th.
For the first time, consumers don't need to camp out at an Apple or AT&T store to get an iPhone.
Walmart will be selling Apple's new iPhone 4 when it launches June 24 and Radio Shack has announced on its Twitter account that some of its stores will be taking pre-orders for the new iPhone 4...
Hey, Moms: Best Buy Wants to Help You Shop for Cell Phones
9:50AM 4/19/2010
In a move to improve the cell phone buying experience (and capture a bigger chunk of the market), consumer electronics giant Best Buy will open up to 1,000 small in-mall stores which will only sell mobile phones. So far, they have 77, and their typical customers are mothers.
More Stories
Next Page →Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.07 | -0.12 -1.41% | 104.55M | |
| 2.23 | +0.29 +14.69% | 39.51M | |
| 29.49 | -2.51 -7.83% | 15.95M | |
| 33.03 | -0.63 -1.87% | 13.90M |
% Gainers
| 33.34 | +9.44 +39.50% | 4.56M | |
| 2.23 | +0.29 +14.69% | 39.51M | |
| 10.65 | +1.25 +13.30% | 1.78M | |
| 84.74 | +8.35 +10.93% | 3.49M |
% Losers
DailyFinance Wire
- 4 Money-Etiquette Questions Answered
- Walmart's New Health Food Push: Is It Too Hard to Swallow?
- Newlyweds, Don't Let the IRS Spoil Your Honeymoon
- Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
- Why Groupon Will Never Be Great Again
- Why Used Car Bargains Are Getting Harder to Find
- 5 Reasons Facebook Stock May Be a Better Buy Than You Think
Newswire
- Greece: 4th minister resigns over austerity
- Stocks fall in first hour as Greek deal is...
- Turbo-traders take Bank of America for a ride
- Trade deficit widens to $48.8 billion in...
- Feds investigate door fires in 2007 Camrys,...
- NYSE Euronext profit down on blocked merger...
- Obama call for manufacturing revival a tough...
- Oil prices tumble on European debt concern
- Morning Movers (CIE, ALU, LNKD, AMRS, XIDE)
- AEP Dividend Growth Still Looks Safe Ahead (AEP)
- Arch Coal Tumbles on Earnings, Forecast (ACI, ANR, PCX, BTU, CNX)
- 2011 Trade Deficit Hits 3-Year High, Over $550 Billion
- Today’s Best Market Rumors (2/10/2012) Apple iPad, Google Entertainment
- Top Analyst Upgrades & Downgrades (ALTR, AMSC, BIIB, CELG, COH, CSTR, COP, FSLR, GILD, HAIN, MA, RF, TRLG)
- Morning Wire — US Stock-Index Futures Down Sharply
- Alcatel-Lucent Pulls a Rabbit Out of Its Hat on Earnings (ALU)
Follow Us
