Financial
GameStop Reports Soft Holiday Sales
Grapevine, Texas — No. 1 video gaming specialty chain GameStop said tough comparisons to fall 2013, when PS4 and Xbox One launched, contributed to...
Financial
Financial
Costco’s Dec. Sales Up 5%
Issaquah, Wash. — Lower gas prices took a toll on Costco’s December results, although CE helped fuel the warehouse club’s comps. Net sales rose...
Financial
Conn’s Sales Up 12% In December
The Woodlands, Texas — Conn’s reported an 11.5 percent increase in total retail net sales in December, to $132.4 million, but comp store sales...
Financial
hhgregg Holiday Sales Slip 6%
Indianapolis — hhgregg said its net and comp sales both declined about 6 percent for the three months ended Dec. 31, amid sharply lower...
Financial
BlackBerry Phone Shipments Rise Slightly In Q3
Waterloo, Canada – BlackBerry’s third-quarter smartphone shipments rose slightly to around 2 million units compared to the year-ago 1.9 million, but for the first...
Financial
Fitch Foresees RadioShack Restructuring
New York — Bankruptcy or some other debt restructuring is the likely outcome for RadioShack, Fitch Ratings said. The credit rating service cited the chain’s...
Financial
RadioShack’s Losses Widen
Fort Worth, Texas — Fewer footprints and weakness in mobile led to steepening third-quarter losses for RadioShack. The beleaguered CE chain reported a net...
Financial
Samsung To Merge US. Electronics, Mobile Groups
Seoul – Samsung will merge its electronics and mobile-phone sales subsidiaries in the U.S. to improve efficiency effective Jan. 1, the company announced. The...
Financial
Conn’s Reports Q3 Loss; Management Changes Afoot
The Woodlands, Texas — Greater provisions for rising credit delinquencies offset double-digit sales gains to push Conn’s into the red last quarter. The loss...
Financial
CE Boosts Costco’s Nov. Comps
Issaquah, Wash. — Costco said strength in its CE business contributed to higher comp sales in November. Net sales for the No. 1 wholesale...
Financial
Sears Posts $548M Q3 Loss
Hoffman Estates, Ill. — The red ink continues to flow at Sears Holdings. The troubled chain reported a $548 million loss for its fiscal...
Financial
Aereo Files For Bankruptcy
Aereo, the troubled provider of broadband TV and cloud DVR services, announced Friday (November 21) that it has filed for a voluntary Chapter 11...
Financial
Best Buy’s Q3 Earnings Nearly Double
Minneapolis – Ongoing cost reductions, tighter expense management and a slim sales gain helped Best Buy post a 98 percent increase in third-quarter profits,...
Financial
Sony Explores Sale Of Park Ridge Building
Park Ridge, N.J. — Sony started quietly advertising this week that its operations center at 1 Sony Drive, here, is up for sale. According...
Financial
Pioneer, Onkyo Move Ahead In Home A/V Merger
Kawasaki City, Japan — Pioneer Corp. and Onkyo finalized an agreement on merging their home A/V businesses, but new details emerged showing the integration...
Financial
Systemax Posts Q3 Loss, Holds 3rd Annual Tech Bash
Port Washington, N.Y. — TigerDirect parent Systemax said strength in its B-to-B and industrial products operations helped offset softness in its U.S. retail business...
Financial
CE Boosts Costco’s Comps
Issaquah, Wash. — An ongoing rebound in Costco’s CE business helped offset lower fuel prices to boost the company’s October comps. On a recorded...
Financial
Nortek’s AVC Sales, Operating Loss Up In Q3
Providence, R.I. — Sales rose in Nortek’s AVC segment (audio, video and control solutions) segment in the third quarter by 1.5 percent to $47.6...
Financial
Sprint Plans Cutbacks As Postpaid Subscriber Losses Continue
Overland Park, Kan. — Sprint lost postpaid subscribers at a faster pace in its fiscal second quarter than in the previous quarter, and the...
Financial
HTC Posts Q3 Profit Despite Sales Decline
Taoyuan, Taiwan – HTC’s third-quarter revenues fell 12 percent to NT$41.9 billion ($1.38 billion) compared to a year ago, but the company maintained a...
Financial
Analysts See Potential In Lenovo’s Motorola Purchase
New York – Lenovo’s acquisition of Motorola Mobility could boost both companies’ global smartphone shares by delivering greater scale, expanding the distribution channels of...
Financial
Control4 Posts Q3 Gains, Adds D&M’s Caudill To Board
Salt Lake City – Home-automation supplier Control4 posted sales and net income gains in the third quarter and added D&M Holdings executive James Caudill...
Financial
hhgregg Takes Q2 Drubbing
Indianapolis — hhgregg posted another disappointing quarter as it continues to remerchandise its stores and invest in infrastructure. The multiregional CE, majap and furniture...
Financial
Lenovo Completes Acquisition Of Motorola
Research Triangle Park, N.C. — Computer, tablet and smartphone maker Lenovo completed its acquisition of Motorola Mobility from Google and will operate Motorola as...
Financial
Whirlpool Reports Record Q3 Earnings
Benton Harbor, Mich. — Whirlpool said higher revenues and greater cost efficiencies contributed to record profits in the third quarter. Net income increased 17.3...
Financial
T-Mobile Adds 2.35M Q3 Subs, Sells 6.9M Smartphones
Bellevue, Wash. — T-Mobile added 2.35 million net new subscribers in the third quarter, the sixth consecutive quarter of more than 1 million net...
Financial
Aaron’s Q3 Profits Tumble
Atlanta — A heap of one-time charges sent third-quarter earnings sharply lower for Aaron’s, the leading lease-to-own furniture, CE and majap chain. Net income...
Financial
Amazon’s Q3 Losses Widen
Seattle – Amazon.com reported a third-quarter net loss of $437 million, compared to a $41 million loss for the year-ago period, as it continued...
Financial
Microsoft Q1: Surface, Xbox Revenues Up, Phones Down
Redmond, Wash. – Microsoft’s computing and gaming hardware sales jumped 74 percent to $2.45 billion in the first quarter of the company’s 2015 fiscal...
Financial
Logitech Continues On Growth Path
Newark, Calif. — Logitech’s turnaround continued in the second quarter as the company reported net profit more than doubled to $36.1 million. While overall...
Financial
Tablets Help Bolster AT&T’s Postpaid Net Adds In Q3
Dallas – The number of net new AT&T wireless postpaid subscribers grew 116 percent in the third quarter to 785,000, but the gains fell...
Financial
Electrolux Q3 Sales, Profits Climb
Stockholm, Sweden — Improved U.S. majap demand and a greater mix of higher-margin products contributed to solid sales and earnings gains in Electrolux’s third...
Financial
Tablets Take Lead In Verizon’s Q3
Bedminster, N.J. — Third-quarter sales of LTE-equipped tablets again powered a double-digit percentage gain in Verizon’s retail postpaid net new subscriber additions. The carrier...
Financial
iPhone Sales Up As iPads, iPods Slide
Cupertino, Calif. – iPhone sales in Apple’s fiscal fourth quarter rose 16 percent in units and 21 percent in dollars, but iPhone growth rates...
Financial
VOXX Delays Select Products, Plans Sling Car Video
Hauppauge, N.Y. – Voxx International is pushing back its launches of 360-degree action cameras and a USB-stick-shaped password-protection device, but the company also said...
Financial
HTC Sales Off, CMO Ho Resigns
Taipei, Taiwan — HTC chief marketing officer Benjamin Ho resigned as the company posted a September 7.9 percent sales decline that helped drag down...
Financial
RadioShack Courting New Backers As Losses Widen
Fort Worth, Texas — RadioShack is in advanced talks with potential white knights that may provide a fresh capital infusion and avert a possible...
Financial
Sears Hometown’s Q2 Profits Tumble
Hoffman Estates, Ill. — A highly promotional majap season squeezed sales and consequently earnings for Sears Hometown and Outlet Stores (SHO) this summer. The...
Financial
Costco Saw August CE Uptick
Issaquah, Wash. — CE continued its summer rebound at Costco, with August comps edging up by the low single digits for the second consecutive...
Financial
Conn’s Retail Biz Grows Amid Finance Woes
The Woodlands, Texas — Surging retail sales and operating income couldn’t overcome setbacks in Conn’s in-house credit operation in its second fiscal quarter. Net...
Financial
Best Buy Sees Online Sales Growth in Q2
Minneapolis — Online sales increased for Best Buy’s fiscal second quarter, falling in line with its Renew Blue turnaround plan, but revenue dropped and...
Financial
Sears’ Woes Continue Amid Turnaround Efforts
Hoffman Estates, Ill. — Sears Holdings announced a half-billion net loss for its second quarter, ended Aug. 2, a result that chairman and CEO...