Best buy

Electronics retailers unhappy as shoppers cautious

The toll that economic uncertainty has taken on U.S. consumer electronics retailers was made very clear on Tuesday by Circuit City CEO Phil Schoonover. I am not smiling, Schoonover said, when asked to reflect on his 2007 sales.

Best Buy 3rd-qtr profit jumps; outlook cautious

U.S. consumer electronics leader Best Buy Co reported a better-than-expected 52 percent jump in third-quarter profit on Tuesday on strong sales of laptops and video games, and raised its full-year earnings forecast.

Dell Turns to Retail Therapy

Dell Inc. announced on Thursday it will begin selling PCs at more than 900 Best Buy Co. Inc. stores in an attempt to gain more of the U.S. consumer market.

Black Friday kicks off

Eager shoppers stormed malls and stores across the country on Friday to snap up the early-bird specials that mark Black Friday, the first official day of the U.S. holiday shopping season. While shoppers were looking for giveaways and discounts, analysts and investors were watching for signs of consumer strength or weakness.

Black Friday gets off to a frigid start

The 2007 holiday shopping season kicked off on Friday with crowds of shoppers, many braving the bitter cold, snagging early bargains on one of the busiest shopping days of the year. Analysts expected moderate sales this year as consumers struggle with the slumping housing market, a credit crunch, rising food and fuel costs and uncertainty about their jobs.

Microsoft launches Halo 3

Microsoft Corp began selling Halo 3 on Tuesday, hoping the acclaimed alien shooter game will widen its lead over Sony Corp in the battle for industry dominance.

Microsoft readies Halo 3 for launch

Video game aficionados lined up before dawn on Monday for the midnight release of Halo 3, the acclaimed alien shooter game that Microsoft Corp hopes will widen its lead over Sony Corp in the battle for industry dominance.

Best Buy aims to step up expansion in China

Top U.S. consumer electronics retail chain Best Buy Co. Inc. is speeding up its expansion in China, banking on robust demand in a fast-growing market that it entered just one year ago.

Best Buy Shares Drop Despite Strong Quarter

Shares of Best Buy Col., Inc. (NYSE: BBY) dropped on Wednesday, despite a quarterly report from the electronics retailer showing strong profit in the fourth quarter due to strong sales of flat panel TVs.

Best Buy profit rises

Best Buy Co. Inc. on Tuesday reported a higher-than-expected quarterly profit, boosted by new store openings and sales of high-priced electronics, easing fears that consumers were pulling back on spending.

Stalemate seen in high-definition DVD war

The battle between two hyped formats for high-definition DVD will confuse shoppers and turn many of them off the whole technology, a London-based research firm predicted on Friday.

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