Buy hhgregg, Sell Best Buy
Every portfolio can use a little refreshing. Why not consider hhgregg, the consumer electronics and appliance retailer that's growing fast at the same time that Best Buy is suffering, battered by the internet?
electronics retailers
Holiday Consumer-Electronics Sales Fell 5%
U.S. consumers spent 5% less on consumer electronics during the last holiday season compared to a year earlier, according to a new report from NPD Group. Even at discounted prices, Americans bought fewer flat-screen televisions and desktop computers, as well as lower-end digital cameras and MP3 players, according to the report.
Best Buy Settles Overcharging Charges
Electronics retailer Best Buy has agreed to pay $399,000 to settle allegations that it advertised lower prices on its website, then charged customers higher prices at some of its stores.
