Best Buy's Rollbacks Backfire
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By Chris Williams THE ASSOCIATED PRESS  MINNEAPOLIS -- For Best Buy, Wal-Mart may be the Grinch who steals Christmas.
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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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By CHRIS WILLIAMS  MINNEAPOLIS - Discounting took a bite out of Best Buy's third quarter earnings. The nation's largest consumer electronics retailer said Tuesday that fierce competition forced it to sacrifice profit for market share, but all should be well in the fourth quarter.
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Direct sales aren't working the same magic they once did for the PC maker. Can it now cash in at retail?
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Warner Home Video's  defection from the HD DVD camp may have put a damper on  hardware sales.
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Best Buy Co Inc  cut its fiscal 2008 profit outlook on Friday and said it expects its 2007 fourth-quarter sales to miss its own target on lower-than-expected January sales growth, sending its shares down 4.5 percent.
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Do you dare bet on a fall in the price of Best Buy's stock? See what Motley Fool CAPS investors advise.
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Poor Target. What an unfortunate time of year for people to get word of a major retailerâs unpopular decision. It seems likely that all eyes will be on Target Corp.
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Despite recent setbacks for the Blu-ray format, most retailers interviewed at CES don't see a clear winner.
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US-based consumer electronics retailer Best Buy has reported a 22% jump in Q2 net earnings, which reached $230 million for the quarter ended August 26. Total revenue for the second quarter increased by 13% to $7.6 billion, helped by new store openings and strong sales of flat-panel televisions.
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Electronics retailer Best Buy is facing a lawsuit over deceiving customers into paying higher prices once in store by having two websites, one accessed by employees and another available on the Internet.
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While clearly a blow, retailers are divided on whether the move actually amounts to a death knell to the format, which is battling Blu-ray.
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Home furnishings retailer lowers expectations.
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Of all the comments on the hard drive, and there have been hundreds, this one explains it best. I'm sorry to hear about your experience at the Apple Store. I was a "genius" for a year and can assure you that the policy regarding HDs was frustrating to us as well. In warranty it wasn't so hard to justify, but out of warranty customers often had a problem with it. My recommendation to them (and to you) is the same. AASPs often do not have the same contractual obligations with HD manufacturers that Apple does, so they may very well let you keep it. If you still wanted to have it done through an Apple store, take a magnet to it before you hand it over. The techs have better things to do than trawl through your personal data (there are exceptions, of course), but if it sets your mind at ease- go for it. Honestly, I would do this in your position because I have read of people getting reman drives with other people's data still on them. But that would have nothing to do with Apple and everything to do with the companies contracted to remanufacture the HDs.Not much more to say after that. I will probably write a summary tomorrow.
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See you in court Best Buy is to "vigorously defend" a lawsuit filed lby the state of Connecticut, accusing the US company bait and switch tactics to deceive and overcharge customers.â¦
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The retailer's disappointing August comps create a buying opportunity.
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Best Buy customers snatched up $2,000 flat-screen TVs, Neiman Marcus shoppers made a run on $1,000 handbags and Costco members tracked down every last $100 cashmere sweater, but the luxury buying binge did not spare the retail industry a weaker-than-expected holiday shopping season.