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Will RadioShack Be The First Retailer To Go Bust In 2015?
Sunday, January 25, 2015 - 11:21am | 467Read More...The New York Stock Exchange sent RadioShack Corporation (NYSE: RSH) another letter last week after the firm's market cap remained below $50 million for more than 30 consecutive days. This was one more reminder that the company may not be able to survive in the highly competitive retail space, which...
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Best Buy Reports Holiday Sales Data, Cautious Fiscal 2016 Comments
Thursday, January 15, 2015 - 8:49am | 280Read More...Best Buy Co Inc (NYSE: BBY) reported on Thursday that its domestic comparable-store sales for the nine weeks ended January 3, 2015 rose 2.6 percent, an improvement from the 0.9 percent decline the company saw in the same period a year ago. Revenue totaled $11.366 billion (including $1.233...
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Barron's Recap: Mutual Fund Quarterly
Sunday, January 11, 2015 - 3:40pm | 787Read More...This weekend in Barron's online: the latest mutual fund quarterly, why the bull run is not dead yet, as well as the prospects for Best Buy, Plum Creek Timber and more. Cover Story "Return of the Mutual Fund Stockpickers" by Sarah Max. This week's cover story in Barron's suggests that 2014 was a...
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5 Of The Coolest College Football Bowl Game Gifts
Sunday, December 14, 2014 - 7:37pm | 486Read More...Hundreds of athletes will benefit from the gift suites (special events where players can order various gifts) at the upcoming NCAA bowl games. Up to $550 can be spent on each player, allowing for some very cool gifts -- such as Best Buy Co Inc (NYSE: BBY) gift cards -- to be handed out. Ready...
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Wedbush: Best Buy Lost Out On 'Few' Purchases During Mobile Site Outage
Monday, December 1, 2014 - 10:30am | 351Read More...Webush analyst Michael Pachter in a note Sunday commented on Best Buy Co Inc's (NYSE: BBY) mobile site outage. Pachter believes that Best Buy saw a surge in mobile traffic as consumers were rushing to seek price comparisons during Black Friday. The analyst adds that the traffic occurred...
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Oil Tumbles Following OPEC's Thursday Decision, Equities Little Changed During Friday's Shortened Session
Friday, November 28, 2014 - 3:09pm | 699Read More...While equities market were closed on Thursday in observance of Thanksgiving, OPEC nations gathered and jointly decided to maintain current output levels despite the slide in oil prices. Virtually every oil-related company, as well as many large solar companies, saw declines in share price on...
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Dow, S&P 500 Close At Record Highs In Another Quiet Trading Session
Thursday, November 20, 2014 - 5:52pm | 1021Read More...U.S. stocks brushed off early morning losses and ended the day slightly positive. U.S. economic data showed existing home sales and leading indicators both being higher than expected for October, while U.S. preliminary PMI fell from October's reading as analysts were expecting a rise. On...
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Credit Suisse: Best Buy's Results Better Than Expected With 'More To Go'
Thursday, November 20, 2014 - 11:59am | 257Read More...Best Buy Co Inc (NYSE: BBY) reported its third-quarter results Thursday morning, which impressed investors as shares soared more than 8 percent. Gary Balter of Credit Suisse is among those who were impressed by the company's results. The analyst reiterated an Outperform rating with a price...
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Credit Suisse Positive On Home Depot, Lowe's & Best Buy, Cautious On Staples Ahead Of Q3 Reports
Monday, November 17, 2014 - 9:51am | 406Read More...Gary Balter of Credit Suisse previewed The Home Depot, Inc. (NYSE: HD), Lowe's Companies, Inc. (NYSE: L), Staples, Inc. (NASDAQ: SPLS) and Best Buy Co Inc (NYSE: BBY) ahead of their earnings report. Bullish On Home Depot And Lowe's Based on Balter's store checks and macro...
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Earnings Expectations For The Week Of November 17: Best Buy, Home Depot, Target And More
Sunday, November 16, 2014 - 1:27pm | 876Read More...The retail earnings season rolls on this week. Big-box retailers Best Buy Co Inc (NYSE: BBY), The Home Depot, Inc. (NYSE: HD), Lowe's Companies, Inc. (NYSE: LOW), Staples, Inc. (NASDAQ: SPLS) and Target Corporation (NYSE: M) will take their turns in the earnings spotlight. After last week...
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Macy's Tech Attracts Shoppers
Friday, October 31, 2014 - 10:33am | 769Read More...Macy's, Inc. (NYSE: M) continues to innovate its way to a retail leadership position. Lately it has invested in serving the needs of its technologically savvy consumer. According to Macy's, one of its tech investments yields a 600-percent return. That's probably because so many...
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Drug Retailers Block Apple Pay, Rival Product May Be Introduced
Monday, October 27, 2014 - 9:01am | 282Read More...Drug retailers Rite Aid Corporation (NYSE: RAD) and CVS Health Corp (NYSE: CVS) will not offer customers the opportunity to pay for purchases with Apple Inc.'s (NASDAQ: AAPL) mobile wallet system, Apple Pay. According to the New York Times, the move to block out Apple Pay is due...
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GoPro Inc Surges On Retail Expansion News
Friday, October 3, 2014 - 10:08am | 309Read More...GoPro Inc (NASDAQ: GPRO) announced on Friday that it will triple its in-store presence with Best Buy Co Inc (NYSE: BBY). This news came on the heels of GoPro releasing its new HERO4 camera, which is expected to result in growing sales for the company. Sales begin on October 5. The in-...
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6 Sure Signs The Holiday Shopping Season Is Already Here
Thursday, September 25, 2014 - 1:42pm | 957Read More...Autumn officially arrived at 10:29 p.m. ET September 22. Just ahead of that, the 2014 holiday shopping season began. For those who missed the signs, here are six sure indicators, along with the retailers that introduced them, offering proof positive that the holidays have arrived. 1....
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Deutsche Bank: RadioShack Corporation Loss Is Gain For Best Buy Co Inc
Monday, September 15, 2014 - 4:39pm | 248Read More...RadioShack Corporation's (NYSE: RSH) possible demise could give a slight boost to Best Buy Co Inc (NYSE: BBY), an analyst said Monday. Deutsche Bank's Michael Baker said a complete RadioShack liquidation would improve Best Buy's same-store sales by 1 percent and add $0.11 a share to...
