(Reuters) – Best Buy Co Chief Executive Brian Dunn has left the world’s largest consumer electronics chain, which has struggled against stepped-up competition from internet retailers and discounters. Under Dunn’s tenure, which lasted less than three years, critics have complained that Best Buy became a showroom for Amazon.com and other Internet retailers, with consumers going […]
Apple addiction drives sales, hits retail margins
For U.S. consumer electronics chains Best Buy and RadioShack, selling Apple products is at best a bittersweet experience. Every new Apple gadget, such as the 4G iPad unveiled on Wednesday, helps bring more people into stores of the two chains. At the same time, they are making less money with every Apple iPad, iPhone or […]
Analysis: Stores gear up for ”dogfight” in TV aisles
It may not be a blood bath, but it will definitely be a dogfight. The television aisles of top U.S. retailers are poised for a hard-fought contest this holiday season as chains take little chances with budget-conscious shoppers. Unlike last year when some such as Best Buy held the line on discounts and promoted only […]