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Tag: Best Buy Co Inc

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Best Buy and Target persist as other retailers lose to Amazon

A Target store in Culver City, California. Mark Ralston | AFP | Getty Images A lot of traditional retailers will lose in the battle against Amazon, David Berman, founder of Durban Capital, said Friday on “Squawk Alley.” But Target and Best Buy seem safe for now. “You are seeing outliers like Target and Best Buy,” …

Best Buy and Target persist as other retailers lose to AmazonRead More

Black Friday is losing its clout, more bad news for department stores

Black Friday isn’t quite the deal frenzy it used to be. Retailers have been touting bargains for weeks. With more shopping moving online, it has only become easier to compare prices, and so the lure of doorbuster deals is losing its grip on shoppers. That only means more bad news for a group of retailers …

Black Friday is losing its clout, more bad news for department storesRead More

Here’s a list of when retailers will be open

People shop during a Black Friday sales event at Macy’s flagship store on 34th St. in New York City,  November 22, 2018. Stephanie Keith | Reuters Although some retailers have already started marking down items and cueing the holiday music, the season will kick off in earnest next week. Retailers are preparing for crowds of …

Here’s a list of when retailers will be openRead More

Holiday shopping started in July this year, thanks to Amazon

If someone asked you when the holiday shopping season starts, you’d likely point to Black Friday, when flocks of people will rush to stores after a hearty turkey dinner to pick through the hottest deals. But for more people in 2019, holiday shopping started in July. Why? Amazon. Amazon’s annual Prime Day extravaganza has “become …

Holiday shopping started in July this year, thanks to AmazonRead More

Retail profits to take a hit from price wars and investments, Moody’s says

Customers look on as a Walmart cashier rings up their purchases at a Walmart store on August 15, 2019 in Richmond, California. Justin Sullivan | Getty Images Moody’s Investors Service is predicting slower growth ahead for retailers, as price wars and big investments weigh on profits. The debt rating agency cut its operating profit growth …

Retail profits to take a hit from price wars and investments, Moody’s saysRead More

Walmart’s cure for a short holiday season: Start the deals early

An employee works on a display ahead of Black Friday at a Walmart store in Chicago, November 20, 2018. Kamil Krzaczynski | Reuters Retailers are well aware that this year’s holiday shopping calendar isn’t kind. But shoppers might not be. There are six fewer days to stock up on gifts between Thanksgiving and Christmas — …

Walmart’s cure for a short holiday season: Start the deals earlyRead More

Best Buy follows Amazon, Walmart in next-day delivery push

Best Buy announced Tuesday that it will now offer free next-day delivery on thousands of items — right in time for the holiday season. The new delivery service covers items such as tablets, headphones and even espresso machines but excludes larger items such as big-screen TVs and refrigerators. Best Buy said 99% of customers will …

Best Buy follows Amazon, Walmart in next-day delivery pushRead More

Cyber Monday to excite holiday shoppers more than Black Friday

Shoppers cram into a Macy’s store ahead of the holidays. Charles Sykes | AP With online shopping gaining ground year after year, Cyber Monday now surpasses Black Friday as the preferred day for deals around the holiday season, for all age groups from Gen Z to seniors, according to a new study. Deloitte said overall …

Cyber Monday to excite holiday shoppers more than Black FridayRead More