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July 25, 2008 6:03:20 PM CDT

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Stories related to: Best Buy

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12 Stories

  • July 2008

    • As Digital Gains, Album Sales Plunge 11%

      newser  |  Variety  |  Jul 3, 08 6:35 AM CDT

      As Digital Gains, Album Sales Plunge 11%

      CDs continue to go the way of the 8-track, losing further ground to digital music. Another big drop in CD sales is being driven by the closure of Virgin stores and reduced shelf space at outlets like Target. CD sales are off 16% over the last 12 months and total album sales have dropped 11%, Variety reports. More »

      Tags

      music industry  • Madonna  • digital music  • Universal Music Group  • Target  • Best Buy  • CDs  • Mariah Carey  • EMI  • Lil Wayne  • Usher  • Lenny Kravitz  • Coldplay  • Virgin Records  • Leona Lewis

  • April 2008

    • Slow Day Sees Modest Losses

      newser  |  Wall Street Journal  |  Apr 2, 08 3:48 PM CDT

      Slow Day Sees Modest Losses

      The markets slid into negative territory after Ben Bernanke's Congressional testimony on the state of the economy today, but trading was generally low-key. "Flat is good," an economist told the Wall Street Journal . "People are getting their nerve back." The Dow ended down 45.44 at 12,608.92, the Nasdaq down 1.35 at 2,361.40, and the S&P 500 down 2.65 at 1,367.53. More »

      Tags

      stock market  • Ben Bernanke  • Merck  • International Monetary Fund  • IMF  • Best Buy

  • February 2008

    • 'Retail Renting' or Stealing? Stores Crack Down

      newser  |  Boston Globe  |  Feb 22, 08 5:42 PM CST

      'Retail Renting' or Stealing? Stores Crack Down

      It’s called “wardrobing” or “retail renting,” when a consumer buys, uses, and then returns merchandise, and the National Retail Federation says it’s growing more popular with shoppers, the Boston Globe reports. It's also becoming a bigger headache for merchants as the economy tightens and businesses work harder to keep customers. The NRF reports a 10% growth in the practice in 2007. More »

      Tags

      US economy  • retail sales  • Best Buy  • JCPenney  • shoppers  • wardrobe

    • Porn-Thieving Geek Squad Needs Spanking

      newser  |  San Francisco Chronicle  |  Feb 21, 08 12:06 PM CST

      Porn-Thieving Geek Squad Needs Spanking

      No matter where you stand on pornography, Violet Blue writes in the San Francisco Chronicle , the theft of it from computers brought in for repair by Best Buy's Geek Squad is an appalling privacy violation—and the company's response isn't much better. After king Geek Robert Stephens brushed off a blog's investigation, Blue says he's overdue for a laundry list of disciplinary action. More »

      Tags

      privacy  • pornography  • theft  • child pornography  • Best Buy

    • Stocks Mixed on Bad Tidings

      newser  |  MarketWatch  |  Feb 15, 08 3:55 PM CST

      Stocks Mixed on Bad Tidings

      The markets ended a blustery week today with a session of light losses and minor gains on bad economic news from retail and manufacturing, MarketWatch reports. The Dow fell 28.77 to 12,348.21, and the Nasdaq fell 10.74 to 2,321.80. The S&P 500 capitalized on a minor late rally to finish up 1.13, at 1,349.99. More »

  • January 2008
  • December 2007

    • Retailers Await Last-Minute Gift From Shoppers

      newser  |  Wall Street Journal  |  Dec 24, 07 9:17 AM CST

      Retailers Await Last-Minute Gift From Shoppers

      Last-minute shoppers navigated long lines over the final pre-Christmas weekend, nudging retailers toward the modest growth in sales they’d expected. Deep discounts cut into profits, but retailers like Macy's and Kmart stayed open around the clock to accommodate shoppers, the Wall Street Journal reports. “The procrastinators finally got out there,” one consultant said. More »

      Tags

      retail sales  • Christmas  • holiday shopping  • online retailers  • Best Buy  • Macy's  • discounts

    • Consumers Open Wallets Wide

      newser  |  Bloomberg  |  Dec 21, 07 11:14 AM CST

      Consumers Open Wallets Wide

      Consumer spending grew 1.1% in November, its biggest rise since July 2005. The better-than-predicted figure accompanied a revised 0.4% October gain, adjusted from 0.2%. Taken together, the numbers “postpone fears of a recession at least until next year,” said one economist. Jobs numbers and salaries were up, Bloomberg reports, potentially staving off a spending collapse. More »

      Tags

      recession  • consumer spending  • job  • Best Buy

    • Stocks Climb After Rough Day

      newser  |  Wall Street Journal  |  Dec 18, 07 3:40 PM CST

      Stocks Climb After Rough Day

      The market was up and down all day today as investors divided on whether to applaud cash injections and welcome good earnings reports or fret over bad housing numbers and inflation concerns. The Dow ultimately climbed 65.27 to 13,232.47, the Nasdaq added 21.57 to 2,596.03 and the S&P tacked on 9.08 to 1,454.98. More »

      Tags

      S&P 500  • Nasdaq  • inflation  • Goldman Sachs  • Best Buy

    • Best Buy Profit Soars 52% in 3Q

      newser  |  Wall Street Journal  |  Dec 18, 07 12:21 PM CST

      Best Buy Profit Soars 52% in 3Q

      A consumer hankering for big-ticket items—and a willingness to pay closer to full price for them—helped Best Buy's third-quarter profit rise 52%, reports the Wall Street Journal . Absent last year's discounting on flat-screen TVs, the country's largest electronics chain posted Q3 net income of $228 million, or 53 cents a share, versus 31 cents a share a year earlier and analysts' forecast of 41 cents. More »

      Tags

      retail sales  • holiday shopping  • Best Buy  • profits  • revenue

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