Last Updated Jun 22, 2009 9:38 AM EDT Best Buy is caught in a recessionary malaise and, while effectively managing operations, it's stuck in a tough spot as the main rivals the company faces now a days have more than electronics to lure frugal consumers into stores. In the first quarter ended May 30, repair services â€" the kind of operation that gains in a recession, as auto supplies chains know -- turned out to be among the best performing segments of the electronics chain's business, along with notebook computers and mobile phones, with the new generation of hard-to-resist smart phones gaining sales through the year they might have gotten around the 2008 holidays if the economy had been better. Best Buy suffered a comparable store sales decline of 6.2 percent in the quarter and earnings slipped from 42 cents per share â€" not counting a one-time six cents per share restructuring charge -- from 43 cents in the year-previous period, but profits beat First Call … [Read more...] about Best Buy Struggles To Gain as Recession Weights Against Circuit City Demise
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Last Updated Jul 6, 2009 5:17 PM EDT One way Best Buy can differentiate itself from key competitors, particularly big, non-specialist rivals such as Wal-Mart, is by offering technology products and services beyond the range of what its competitors can practically fit into their operations. In that light, it isn't surprising that Best Buy has begun selling electric vehicles. The initiative is a test that includes electric bikes and scooters, and Segway transporters, which will be joined before summer's end by an electric motorcycle, said Kelly Groehler, a company spokesperson.A story in the Wall Street Journal, and a lot of the other reporting that's been knocking around the Internet, has focused on Best Buy's offering of the Brammo Enertia, an electric motorcycle that, for 12 grand, can take riders up to 45 miles at 50 miles per hour on a single charge. The reports peg Brammo's Best Buy introduction to a Portland store and slate it to occur later this month. Best Buy has sponsored … [Read more...] about Best Buy Plans to Outrace Rivals on Electric Cycles
(CBS) - So okay, that fire sale really was on fire. HP TouchPads - at super-low prices of $99 (16GB) and $149 (32 GB) - are sold out at BestBuy.com, Walmart.com and other major online retailers. What's one to do if one wants the tablet on the cheap then?HP TouchPad sold out after weekend fire sale"The good news is, if you missed the first wave of TouchPad madness, but are still holding onto your cheaply priced webOS dream there is still hope," says PC Magazine. "Right now, several retailers are selling regularly [priced] TouchPads and there's a good chance prices may come down in the near future. HP is also promising a second wave of TouchPads in the next few days."Complete Hewlett-Packard coverage on Tech TalkAlso keep in mind that while the HP TouchPad is sold out at these online retailers, actual stores might still have them! Call your local Best Buys, for starters. Good E-Reader Blog says, "Best Buy put out a message today [August 24] stating that all remaining inventory will be … [Read more...] about CBS News Logo Can you still buy an HP TouchPad on the cheap?
By Benjamin Glaser/DealNews From Mother’s Day to Memorial Day, May is a busy month for retailers and shoppers alike. In addition to being the unofficial start of the summer, it also marks the month we start spending more time outdoors. But before you purchase a new grill or try on any summer apparel, you’ll want to read this guide, which points out some of the best (and worst) products to buy this month. So-called “Memorial Day sales” have now crept all the way to the start of May. We see them beginning four weeks early! But 90 percent of Memorial Day deals still come out in the week leading up to the holiday -- including 90 percent of the Editors’ Choice deals -- so you’re safe waiting. While many sales will tease you with deals on summer clothing, the best savings will actually be on spring apparel. (Summer apparel is always cheaper during the months of August and September, when retailers are trying to clear any inventory consumers … [Read more...] about The best deals for shoppers in May
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...At long last, President Trump announced his infrastructure plan last month -- and at $1.5 trillion in total value, it's about 50% bigger than we had been led to expect. Not everyone believes this plan will come to pass -- indeed, two days ago, a Bloomberg columnist voiced doubt after Senate Majority Whip John Cornyn demurred that Congress simply doesn't have time to address it this year.But what if the plan does come to pass? In a move that should make it easier to keep an eye on the industry, and that could set it up to pick winners and losers as the infrastructure bill's prospects firm up, investment banker Morgan Stanley announced a whole series of picks this morning in the heavy industry space -- everything from truck makers … [Read more...] about Analyst Picks: 2 Heavy Industry Stocks to Buy, and 1 to Sell