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NewEgg posts

Best Buy Outpaces Rivals in Electronics Sales

Posted Dec 28th 2009 10:30AM by Brian White (RSS feed)
Filed under: Competitive Strategy, Wal-Mart (WMT), Amazon.com (AMZN), Best Buy (BBY), RadioShack Corp (RSH)

Best Buy (BBY) was the big winner in this year's fourth quarter. It took the lion's share of consumer electronics sales after competitors Circuit City and CompUSA shut down earlier in the year.

No doubt, there was enhanced competition from mega-retailer Wal-Mart (WMT) and online behemoth Amazon.com (AMZN). But Best Buy managed to nip at customer heels with deep discounts on flat-panel televisions and laptop PCs that just weren't seen at the competition (yes, I looked). Laptops for $299 and 32" flat-panel TVs for $249 are probably loss leaders by a big margin -- but those prices make a dent on consumer psychology.

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Newegg wants to hatch an IPO

Posted Sep 29th 2009 1:00PM by Tom Taulli (RSS feed)
Filed under: Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC)

Newegg, which is an electronics e-commerce site, got its start back in 2001, when the dot-com industry turned into a dot-bomb disaster. But the timing was brilliant as the company built a thriving business.