Best Buy to open 130 stores in U.S., China, Canada
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Best Buy Co. Inc.  plans to open about 130 stores in the United States, Canada and China during its fiscal year beginning March 4, the company said on Wednesday.
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NEW YORK/HONG KONG  - Chinese companies are  starting to pursue North American and European electronics and  consumer brands as their government pushes them to build global  sales forces for their low-cost products.
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AT&T said Wednesday that it had reached a deal with Wal-Mart to offer its high speed Internet service in 570 stores across 13 states. Consumers would be able to learn about and purchase services from Wal-Mart's "Connection Center" kiosks.
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ORLANDO, Florida  - Whirlpool Corp.  is hoping that it will be able to expand its business with retailers such as Best Buy Co. , as it introduces new Maytag appliances, the company's North America president said on Friday.
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Investor's Business Daily - Consumer electronics retailer Best Buy bested Wall Street&#39;s expectations for its fiscal second quarter, thanks to strong international sales and demand for flat-panel TVs, video games and notebook PCs.
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NEW YORK -- Wal-Mart Stores Inc. , the world's largest retailer, plans to expand its financial-service centers more than fourfold to 1,000 stores by 2009 after abandoning an attempt to start a bank.
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The world&#39;s biggest retailer, Wal-Mart Stores Inc., said it planned at least 10 new stores in China next year, joining other foreign retail giants in taking advantage of new rules letting them move into smaller cities.
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U.S. coffee shop giant Starbucks   plans to open at least 40,000 more stores over the  medium term, half of them outside the United States, according  to Tuesday&#39;s Expansion newspaper.
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Wal-Mart Stores Inc. plans to open or expand 40 to 45 discount stores and 240 to 250 Supercenters in the United States next year as the world&#39;s largest retailer continues an aggressive expansion plan.
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Sales will start in Chinaâs biggest chain of electronics stores next month and expand to more stores early next year, a Dell executive said.
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U.S. retailer Home Depot Inc.  is preparing to spend $100 million on a majority stake in Chinese chain HomeWay in a deal that will be unveiled in China this week, the Financial Times said on Monday.
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U.S. retailer Home Depot Inc.  is  preparing to spend $100 million on a majority stake in Chinese  chain HomeWay in a deal that will be unveiled in China this  week, the Financial Times said on Monday.
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Investor's Business Daily - Flat-panel TVs, notebook computers and video game consoles are hot items this holiday season. And apparently, Best Buy stores are where consumers want to buy them.
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Wal-Mart Stores , the world's  largest retailer, said on Monday it acquired a 35 percent stake  in China's Bounteous Company, expanding its presence in the  world's most populous country.
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(InfoWorld) - Just two weeks after expanding its relationship with Best Buy, Lenovo GroupÂ said Wednesday it will try to win even more U.S. small business customers by selling its notebook PCs at Circuit City's retail shops. In both deals, customers will be able to buy Lenovo's ThinkPad T60 widescreen and Lenovo N100 notebook PCs. Circuit City will also sell extra variations of those models in its stores, and the C200 notebook over its Web site and the phone. The move makes Lenovo notebooks available to shoppers at Circuit City's 700 U.S. stores and Best Buy's 300 "Best Buy for Business" stores. The deal could reach even more consumers in 2008, when Best Buy plans to build 95 new stores in the U.S. Lenovo made the move because it sees a trend of more small business users purchasing their PCs at retail outlets instead of channels or online, according to a statement from Steve Mungall, Lenovo's vice president for worldwide and Americas channels. If it succeeds, the plan could help Lenovo return to profit after several weak quarters. The company relies strongly on revenue from China and Europe, while sales in the Americas have declined with a slump in enterprise demand. The company was also shaken earlier this month byÂ the sale of 300 million Lenovo shares by IBM, its second-biggest shareholder and the original owner of Lenovo's ThinkPad PC line. However, while Lenovo is making a wise move in using retail stores to reach small business buyers, it will face new challenges, one analyst said. Because retail stores attract a full spectrum of buyers, Lenovo must improve its marketing and product features to succeed. "Retail is a blunt sword to capture those customers as opposed to the sharp edge they are normally used to. Being in stores like Best Buy, Circuit City, and Office Depot means they need to be priced competitively against the more consumer-focused offerings on the shelf," said Stephen Baker, vice president of industry analysis for the NPD Group. To succeed with this strategy, Lenovo will have to sell PCs designed for both consumers and small businesses instead of the business-focused notebooks they have now. "Bottom line is they are entering a very tough segment with products that are trying to focus narrowly in a wide atmosphere. I suspect that they will be severely challenged to profitably expand their business to the customers they are interested in with this channel strategy," Baker said. In the meantime, Lenovo is sticking with its business focus. The company advertises the T60, with a weight of 5.1 pounds (2.3 kilograms),Â as the lightest 15.4-inch widescreen notebook available from the top five vendors. And Lenovo pitches the N100 to small business customers who want improved Wi-Fi for greater range and faster speeds in wireless connectivity. For Circuit City sales, both models come preloaded with Microsoft's Windows Vista Home Basic or Premium OS, while the online version of the T60 uses Vista Business. Â
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Wal-Mart Stores Inc., the world&#39;s largest retailer, plans to open as many as 295 stores in the US in 2005. The retailer will open 40 to 45 discount stores and 240 to 250 supercenters, which
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Wal-Mart Stores Inc. , the world's largest retailer, said on Saturday it still anticipates September U.S. sales to be up 2 percent to 4 percent at stores open at least a year.