Best Buy bets on 3D TV, but no quick payoffs seen

2010-03-10T16:16:10Z

<div><p>NEW YORK (Reuters) - While James Cameron's 3D sci-fi epic "Avatar" took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.</p><p>The t...

Panasonic ties with Best Buy for 3D TV promotion

2010-03-08T05:15:31Z

<div><p>TOKYO (Reuters) - Panasonic Corp will launch its 3D televisions in the United States on Wednesday, and work with top U.S. electronics retailer Best Buy Co to promote the prod...

Snow may have slowed retail sales

2010-03-02T12:15:32Z

<div><p>CHICAGO (Reuters) - Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year.</p><p>Retailers that were likely hit the hardest by the storms, based on location of their stores, include

Earns Hewlett Packard

2010-02-17T13:16:00Z

Hewlett Packard paper is seen on display at Best Buy in Mountain View, Calif., Tuesday, Feb. 16, 2010. Hewlett-Packard Co. reports quarterly financial results Wednesday. (AP Photo/Paul Sakuma)

Retail Sales

2010-02-04T13:15:55Z

Bob Monty, right, and his brother, Ray, both of Hinesburg, Vt., shop for computers at the Best Buy store in Williston, Vt., Thursday, Feb. 4, 2010. Stores received a pleasant surprise in January as shoppers bought a little more clothing at mall stores, delivering solid gains for many retailers and providing more hope that a spending recovery that started late last year is being sus...

The Pitfalls of Using Credit Cards

2010-02-22T13:26:03Z

In case you haven't noticed, credit cards are replacing cash-slowly but surely. With close to 2-billion major cards in circulation and nearly $3,000 (billion) in credit card purchases per year, it's easy to see how paying with credit may be one of the fastest-growing financial trends in the world.<br><br>But if you're one of the 173 million American's that regularly make purchases with credit cards-or if you're thinking of becoming one-maybe you should think about ...

Apple Tablet Games

2010-01-26T11:46:15Z

FILE - In this Nov. 27, 2009 file photo, Tyler Graffam, left, and Austin West, of Falmouth, Maine, play the DJ Hero video game at Best Buy in

Best Buy posts sales gains for December

2010-02-22T23:35:26Z

<div id="subtitle">Best Buy posts December sales gains, leaves earnings guidance unchanged</div><div><p>Best Buy Co., the largest U.S. electronics retailer, saw a key sales figure rise sharply in December — compared with a plunge a year earlier — as consumers bought computers, TVs and phones for the holidays, the compa...

Best Buy investors fret over muted outlook, margins

2010-02-22T23:35:09Z

<div><p>NEW YORK (Reuters) - Top electronics chain Best Buy &lt;BBY.N&gt; disappointed investors by not raising its full-year forecast despite an 8.2 percent rise in December same-store sales, signaling a potential weakness in margins.</p><p>The muted outlook came a day after...

Wholesale Inventories

2010-01-08T08:45:54Z

FILE - In this Nov. 13, 2009 file photo, an e-machine computer is displayed on the opening day of a Best Buy store in New York. Inventories held by wholesalers posted an unexpectedly strong gain in November while sales shot up by the largest amount in 10 months, two signs that the economic recovery was gaining traction in the fall. (AP Photo/Mark Lennihan, file)

Best Buy Outlook

2010-01-08T06:01:08Z

In this photo taken Friday, Dec. 11, 2009, a Best Buy employee helps holiday shoppers load Christmas gifts into their vehicles in Springfield, Ill. Electronics retailer Best Buy said Friday, Jan. 8, 2010, a key sales figure rose in December as consumers snapped up notebook computers, TVs and mobile phones ahead of the holidays. (AP Photo/Seth Perlman)

mary j blige

2009-12-23T17:46:34Z

Mary J. Blige signs copies of her new album 'Stronger With Each Tear' at Best Buy New York City, USA - 22.12.09

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Holiday Shopping

2009-12-22T07:30:45Z

FILE - In this Dec. 19, 2009 file photo, shoppers leave a Best Buy store during a snow storm in Philadelphia. A key measure of retail sales confirms that the last Saturday before Christmas was a disappointment as a snowstorm that slammed the Northeast stymied sales during a crucial shopping week.(AP Photo/Matt Slocum, file)

Weekend snowstorm cuts U.S. holiday sales upside

2010-02-23T12:57:56Z

<div><p>NEW YORK (Reuters) - The heavy snowstorm that swept the East Coast of the United States over the weekend may have cost retailers the potential for any upside to holiday sales, industry experts said on Monday.</p><p>The storm forced store closures for several hours on Saturday and kept shoppers at home in major ...

Storm threatens retailers' last holiday push

2010-02-23T14:23:15Z

<div><p>LOS ANGELES/CHICAGO (Reuters) - U.S. retailers' final weekend sales push before Christmas was under threat as a severe winter snowstorm struck the East Coast, forcing store closures and keeping shoppers at home on "Super Saturday."</...

WHY TECH BOWS TO BEST BUY

2010-02-23T14:22:29Z

<div><h1>WHY TECH BOWS TO BEST BUY </h1><p>For the past four years, employees at Best Buy have taken regular tours of what the company called its "retail hospital." A group of about a dozen would don white lab coats, walk a row of real hospital beds, and scan charts describing the maladies afflicting each of the giant retailer's major competitors. But this fall, Best Buy ...

Best Buy approves quarterly dividend of 14 cents

2010-02-23T15:20:10Z

<div id="subtitle">Best Buy board approves quarterly dividend of 14 cents, payable on Jan. 26</div><div><p>Best Buy Co. said Wednesday its board has approved a regular quarterly dividend of 14 cents.</p><p>The retailer said the quarterly dividend is payable on Jan. 26 to shareholders of record as of Jan. 5.</p><img src="http://...

Best Buy down 8% despite a "beat and raise" quarter. (BBY)

2010-02-23T15:30:06Z

Home electronics giant Best Buy (BBY) is off over 8% a few hours into trading. Despite beating revenue and earnings estimates, AND raising full year guidance, the shares are down.

Best Buy reported EPS (earnings per share) of 53cents, versus the street consensus expectation of 43cents. Last year's 13cents in EPS is not comparable, due to one time charges and a much higher tax rate. Full year guidance for the ye...

Best Buy 3Q profit up, but co sees slimmer margins

2010-02-23T15:54:02Z

<div id="subtitle">Best Buy 3Q profit jumps, but shares fall as company says 4Q gross margin will be lower</div><div><p>Customers snapping up electronics and gift cards for the holidays boosted Best Buy's third-quarter profit, but the nation's largest electronics retailer said Tuesday that shoppers are focused on prices, particularly of TVs and computers.</p>&am...

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