Best Buy cuts 2008 outlook
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Best Buy Co Inc  cut its fiscal  2008 profit outlook on Friday, blaming in part  lower-than-expected sales growth in January.
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The technology industry's outlook for 2008 looks worse than it did just two months ago, when fears of a U.S. recession already were leading analysts to predict a slowdown in purchases of computers, software and tech services.
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Electronics retailer Best Buy Co. Inc. plans to open 75 new stores in the United States and Canada under its Best Buy and Future Shop brands during its next fiscal year.
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Best Buy Co Inc , the largest  U.S. consumer electronics chain, on Monday said that it will  recommend that consumers choose Sony Corp's  Blu-ray  high-definition video format.
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Morgan Stanley on Friday cut its forecast for retail sales growth in 2008, saying that the current "turmoil" in the credit markets will lead to declines in consumer wealth and available credit as well as more modest job growth in the U.S.
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Specialty-electronics retailer Sharper Image Corp. cut its fourth- quarter earnings forecast Monday, citing disappointing holiday sales caused in part by inventory shortages.
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U.S. chain stores, reeling from the slowest holiday shopping season in five years, got some more bad news on Sunday: 2008 will not be any better and could see changes that may shift the retail playing field forever.
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Best Buy Inc.'s chief executive said Tuesday that he is "very nervous" about being able to supply customers with the millions of digital TV converter boxes needed ahead of the shutdown of most analog TV transmissions in 13 months.
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Illinois Tool Works Inc.  cut its quarterly profit outlook on Friday, becoming the latest manufacturer to warn of the effects of a slowing U.S. economy.
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Business & money: Leading stores forecast shortfall in year's profits after shoppers cut back on festive spending
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Investors will get a first look at whether early strong holiday sales for electronics are translating into higher profits when Best Buy Co. Inc.  reports its quarterly results next week.
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Exercise would make it worse though Best Buy, the largest US consumer-electronics chain ,reported a net income drop of 18 per cent to $192m (39 cents per share), despite strong sales in the first quarter.â¦
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Best Buy Co. Inc.  reported quarterly earnings on Tuesday that missed analyst estimates by a wide margin and gave a disappointing full-year forecast as television sales cooled.
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Best Buy Co Inc  Chief Executive Brad Anderson said on Tuesday that he saw signs of a tougher retail climate and the company would feel the strain if its customers did.
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FAYETTEVILLE, Ark. -- Wal-Mart will scale back the number of planned U.S. supercenter store openings next year by more than 25 percent, a move that will drop its capital expenditures by $1.5 billion in the current fiscal year, the company announced Friday at its annual shareholders meeting.
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Best Buy Co. Inc., the nation's largest consumer electronics retailer, said second-quarter profits rose 8.7 percent on strong international results and tighter spending controls.
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Home improvement retailer Home Depot Inc.  on Tuesday cut its 2007 earnings outlook, citing weakness in the U.S. housing market, and said it was launching a tender offer for 250 million shares.