bby

Taking J.C. Penney Private

JCP-logoNow that nearly every public company in trouble appears to be a potential target for a leveraged buyout (LBO), J.C. Penney Co. Inc. (NYSE: JCP) has a...

Are E-commerce Sales Really So Good?

Online ShoppingResearch firm comScore reported about 2012 that:

For the full year, U.S. retail e-commerce sales reached $186.2 billion, an increase of 15 percent -...

Best Buy Knuckles Under

BestBuy storefront OKThe management of Best Buy Co. Inc. (NYSE: BBY) finally has come to its senses - at least in part. The retailer will close 15 of its large stores in...

Can Best Buy's New Marketplace Poach Amazon's Sales?

Best Buy is taking its best shot at stealing some online market share from Amazon.com with a completely new service meant to challenge the world's largest e-commerce company. Best Buy Marketplace will substantially increase the number of products available at the Best Buy website.

Apple to Open Its
First Store in Alaska

It's a sign of just how far and wide demand for Apple products has grown: the consumer-electronics store is about to open a store in Anchorage, Alaska. The new retail outlet, along with another one in Murray, Utah, brings the total number of U.S. Apple stores to 240.

Week in Preview: Discover, Oracle and Tiffany Earnings

Oracle, Discover and Tiffany are all expected to report year-over-year growth for their most recent quarters this week. Meanwhile, many will be looking for an updated snapshot of the housing market, with three sets of real-estate data coming out.

Face-Off: Best Buy, Microsoft, GameStop

A range-bound market has left lots of brand name companies trading at attractive levels but sometimes a stock is cheap for a reason. That's the bull vs. bear case in a nutshell when it comes to the likes of Microsoft, GameStop and Best Buy.

Street Wire: Best Buy Stock Plunges as Profit, Sales Come Up Short

Best Buy's (BBY) stock fell more than 7% at one point in early Tuesday trading after the nation's largest consumer electronics retailer said first-quarter earnings and sales missed Wall Street's average estimates. Best Buy lost as much as $2.88 to $38.17 a share, or nearly $500 million in market value. Higher expenses and lower sales of flat panel TVs, video games and services were partly to blame

Sales of LCD TVs Bounce Back

Boob tube shipments are up and manufacturer revenues are expected to rise in the first quarter, reversing a six-month decline. But LCD makers are hardly raking it in as prices continue to fall.