BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Black Friday busy, but momentum may not hold]]>http://www.bloggingstocks.com/2009/11/28/black-friday-busy-but-momentum-may-not-hold/http://www.bloggingstocks.com/2009/11/28/black-friday-busy-but-momentum-may-not-hold/http://www.bloggingstocks.com/2009/11/28/black-friday-busy-but-momentum-may-not-hold/#commentsFiled under: , , , , , ,

Stores were busy on Black Friday, as deals lured recession-weary consumers out of their homes. The spending was cautious, but the crowds and transactions signaled strength.

Nonetheless, retailers are still concerned that the momentum is only temporary. With consumer spending still under pressure because of high unemployment, there's a risk that holiday shopping may not reach the levels the stores would like to see. The day after Thanksgiving is usually the hottest of the year and can account for close to 20% of annual retail sales.

Continue reading Black Friday busy, but momentum may not hold

Black Friday busy, but momentum may not hold originally appeared on BloggingStocks on Sat, 28 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>abercrombie and fitchanfBBYbest buyBlack Friday 2009Black Friday dealsBlack Friday Salesbrian dunnGap Inc.GPSinthenewsJefferies and CokohlsKSSmacysmanhattanNational Retail Federationnrfretail sectorretail stocksretailersTarget Corp.Target Storesterry lundgrenTGTurban outfittersurbnwal-martwalmartwmtSat, 28 Nov 2009 10:00:00 EST<![CDATA[Best Buy to open first 24-hour location in New York's Union Square]]>http://www.bloggingstocks.com/2009/10/22/best-buy-to-open-first-24-hour-location-in-new-yorks-union-squa/http://www.bloggingstocks.com/2009/10/22/best-buy-to-open-first-24-hour-location-in-new-yorks-union-squa/http://www.bloggingstocks.com/2009/10/22/best-buy-to-open-first-24-hour-location-in-new-yorks-union-squa/#commentsFiled under: , ,

Best Buy Inc. (NYSE: BBY) may be starting to realize that consumer lifestyles sometimes don't fit into the neatly-packaged 10:00 a.m. to 8:00 p.m. workday. As such, the leading consumer electronics retailer plans to open its first 24-hour location in NYC's Union Square. What does Best Buy gain by this?

Well, the ability to see if gadget consumers (which we all are in one form or another) need to get their fix at all hours of the day or night. Already, Wal-Mart Stores Inc. (NYSE: WMT) ensures its supercenter big-box locations are open 24 hours a day, although it's hard to see consumers scrambling to buy that iPhone charger or flat-screen television at 3:00 am. Still, Best Buy's new 24-hour location will be just a sniff away from Apple, Inc.'s (NASDAQ: AAPL) 4th Avenue retail location.

Continue reading Best Buy to open first 24-hour location in New York's Union Square

Best Buy to open first 24-hour location in New York's Union Square originally appeared on BloggingStocks on Thu, 22 Oct 2009 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLAppleBBYBest BuyBest Buy hoursBest Buy New YorkBrian DunninthenewsRetail hoursUnion SquareWal-MartWMTThu, 22 Oct 2009 10:20:00 EST<![CDATA[Best Buy welcomes new CEO Dunn, the prince of 'connectivity']]>http://www.bloggingstocks.com/2009/06/29/best-buy-welcomes-new-ceo-dunn-the-prince-of-connectivity/http://www.bloggingstocks.com/2009/06/29/best-buy-welcomes-new-ceo-dunn-the-prince-of-connectivity/http://www.bloggingstocks.com/2009/06/29/best-buy-welcomes-new-ceo-dunn-the-prince-of-connectivity/#commentsFiled under: , ,

Last week, Best Buy Inc. (NYSE: BBY) CEO Brad Anderson ceded the throne to 24-year Best Buy vet Brian Dunn, who took over as CEO. Dunn, who started with the largest consumer electronics chain in the U.S. by belting out the theme to Miami Vice to amp up home theater sales in the 1980s, has stated that he wants to "connect" every consumer that steps inside Best Buy's doors. That is, make sure wireless phones, PCs, and home theater become the chain's biggest opportunities. In other words, take advantage of the "three screens of opportunity."

Continue reading Best Buy welcomes new CEO Dunn, the prince of 'connectivity'

Best Buy welcomes new CEO Dunn, the prince of 'connectivity' originally appeared on BloggingStocks on Mon, 29 Jun 2009 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BBYBest BuyBest Buy CEOBest Buy MobileBrian DunninthenewsMon, 29 Jun 2009 10:20:00 EST<![CDATA[Best Buy outlines strategy for growth in a tough economy]]>http://www.bloggingstocks.com/2009/04/01/best-buy-outlines-strategy-for-growth-in-a-tough-economy/http://www.bloggingstocks.com/2009/04/01/best-buy-outlines-strategy-for-growth-in-a-tough-economy/http://www.bloggingstocks.com/2009/04/01/best-buy-outlines-strategy-for-growth-in-a-tough-economy/#commentsFiled under: ,

Although consumer electronics retailer Best Buy, Inc. (NYSE: BBY) reported decent results during its latest quarter, the addition of sales from Circuit City's demise may be hiding inside those results. You can't just banish billions in quarterly revenue to nowhere, and when Circuit City folded for good last month, many retailers were still swimming in the sales wake left behind.

Continue reading Best Buy outlines strategy for growth in a tough economy

Best Buy outlines strategy for growth in a tough economy originally appeared on BloggingStocks on Wed, 01 Apr 2009 14:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BBYBest BuyBest Buy strategyBestBuyBestBuyStrategyBrian DunnBrianDunnINc.Wed, 01 Apr 2009 14:10:00 EST<![CDATA[Best Buy increases after several upgrades]]>http://www.bloggingstocks.com/2009/03/18/best-buy-bby-increases-after-several-upgrades/http://www.bloggingstocks.com/2009/03/18/best-buy-bby-increases-after-several-upgrades/http://www.bloggingstocks.com/2009/03/18/best-buy-bby-increases-after-several-upgrades/#commentsFiled under: , ,

Best Buy, Inc. (NYSE: BBY) is expected to take possibly 50% of the business that would have gone to former competitor Circuit City, with the other half being distributed among every other large retailer that sells consumer electronics. Due to that market share capture, the largest consumer electronics retailer in the U.S. saw its stock price upgraded more than a few times in recent weeks.

Continue reading Best Buy increases after several upgrades

Best Buy increases after several upgrades originally appeared on BloggingStocks on Wed, 18 Mar 2009 12:55:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BBYBest BuyBestBuyBrian DunnBrianDunnCircuit CityCircuitCityINcinthenewsWMTWed, 18 Mar 2009 12:55:00 EST<![CDATA[Best Buy fends off Wal-Mart's competitive pricing with more interactiveness]]>http://www.bloggingstocks.com/2009/03/17/best-buy-fends-of-wal-marts-competitive-pricing-with-more-inter/http://www.bloggingstocks.com/2009/03/17/best-buy-fends-of-wal-marts-competitive-pricing-with-more-inter/http://www.bloggingstocks.com/2009/03/17/best-buy-fends-of-wal-marts-competitive-pricing-with-more-inter/#commentsFiled under: , , ,

Best Buy, Inc. (NYSE: BBY) has seen its largest rival, Circuit City, go down forever. Now that the competitor is completely gone, a new arch-rival -- Wal-Mart Stores, Inc. (NYSE: WMT) -- wants to step up the competition in a price war that it controls. So Best Buy wants to amp up the competition not with price, but with something more.

Continue reading Best Buy fends off Wal-Mart's competitive pricing with more interactiveness

Best Buy fends off Wal-Mart's competitive pricing with more interactiveness originally appeared on BloggingStocks on Tue, 17 Mar 2009 18:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BBYBest BuyBestBuyBrian DunnBrianDunninthenewswal-mart storesWal-martStoresWMTTue, 17 Mar 2009 18:30:00 EST<![CDATA[With new CEO Best Buy's future looks bright]]>http://www.bloggingstocks.com/2009/01/28/with-new-ceo-best-buys-future-looks-bright/http://www.bloggingstocks.com/2009/01/28/with-new-ceo-best-buys-future-looks-bright/http://www.bloggingstocks.com/2009/01/28/with-new-ceo-best-buys-future-looks-bright/#commentsFiled under: , ,

When Best Buy, Inc. (NYSE: BBY) announced that CEO Brad Anderson would retire this summer, the obvious choice to replace him was current COO and President Brian Dunn. After all, Dunn is a Best Buy vet and has had a hand in making Best Buy the top consumer electronics retailer in the U.S. With Anderson and Dunn running the show, Best Buy rose past every competitor and held the larger mass merchants at bay.

The retailer has not had an easy time with the recent consumer spending slowdown, but its fundamentals are very solid and it retains a competitive advantage. Consumers continue spending money at Best Buy, and voting with dollars is a sign of success. Dunn will face one of the hardest times in Best Buy's history since consumers have tightened their collective purse strings. Still, he is the right pick and Best Buy's long-term future continues to be very bright, the current retail malaise not withstanding.

Continue reading With new CEO Best Buy's future looks bright

With new CEO Best Buy's future looks bright originally appeared on BloggingStocks on Wed, 28 Jan 2009 11:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BBYBest BuyBest Buy CEOBestBuyBestBuyCeoBestByBrad AndersonBradAndersonBrian DunnBrianDunnconsumer electronicsconsumer spendingConsumerElectronicsConsumerSpendingfeaturedInc.Wed, 28 Jan 2009 11:45:00 EST