There's no question that what Apple has accomplished in the past 15 years is truly remarkable. But even more remarkable is where Apple was when Steve Jobs returned to the company in 1997 -- struggling to even survive.
Best Buy reported another pretty dismal quarter last week, but some investors got excited anyway. Interim CEO Mike Mikan headed up the conference call for the first time and talked some interesting turnaround strategy for the retailer. But should the market buy any of it?
The hunt is on for Best Buy's next CEO, but it won't be an easy post to fill: The hard truth is that the concept of the consumer electronics superstore is becoming less relevant with each passing year.
Here's a bit of good news for Best Buy shoppers and shareholders. Lost in last week's dreary announcements of job cuts and store closures was a plan to beef up its customer loyalty program, Reward Zone Silver.
Best Buy has a big plan to cut its costs and regain its focus: closing stores, laying off employees, shifting its focus to smartphones and mobile gadgets, and slimming down margins. Only problem is, none of that is going to save it.
Recently, we've bidden farewell to Borders, Circuit City and Linens 'n Things. Here are five more once-thriving chains that are probably doomed thanks to lousy management or just being in the wrong business at the wrong time.
There was a time when RadioShack mattered -- it was the easiest place to pick up those tech items you had to have, from odd-sized batteries to coaxial cables. Now you can get that stuff everywhere, and RadioShack is dying so fast that even Wall Street's analysts can't keep up with its decline.
Looking for a last-minute costume is easy these days. In strip malls across the country, temporary Halloween stores have popped up like an orange-spotted rash. But not so long ago, it was a very different holiday.