All Posts Tagged Tag: ‘Retailers’

After Christmas Sales – Before Christmas?

When retailers start offering before Christmas sales before the actual holiday, you have to question – what is up? Retailers have Black Friday– the most insane shopping day of the entire year – and all of those weeks in between Thanksgiving and Christmas to make their yearly quotas – could it be they are not making them – or are …

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Retailers to Sell One-Third of Tablets This Year

Tablets are now the hottest growth commodity in the tech industry. A recent Gartner report even showed that tablet growth is largely helping to offset the decline of the PC industry and pushing continued IT growth in 2013. Now it appears that electronics retailers, which have been struggling to keep up with the changing marketplace, might have a place in …

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Holiday Retail Sales to Hit $738 Billion

October has just begun, and for many retail outlets that means dragging out the holiday decorations. With the economy slowly rebounding over the past five years, experts are now expecting to see a marginal increase in sales this holiday shopping season. The Consumer Electronics Association (CEA) this week predicted a 4% year-over-year increase in holiday spending during November and December …

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J.C. Penney: $850 Million Borrowed to Shore Up Inventory

J.C. Penney today announced that it has borrowed $850 million from a revolving credit fund of $1.85 billion. The company stated that the money will be used to ensure the company’s liquidity and replenish inventory levels. “Earlier this year, we increased our revolving credit facility in anticipation of operating, working capital and capital expenditure needs, especially during the first half …

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Best Buy Adopts Online Price-Matching

Over the holiday season, Best Buy began offering its customers price-matching on products that can be found for lower prices at online retailers. The move was meant to curb incidences of “showrooming” – the term that refers to customers who use physical retailers as a space to look at and research products before purchasing them online. That holiday-time policy must …

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HMV to Close 66 Stores, Lay Off Over 900 Employees

Last month, U.K. electronics retailer HMV entered administration. Employees and customers were left wondering whether the business would be shutting down. Today, Deloitte, the firm hired to oversee HMV’s administration, announced that 66 HMV stores will be closing throughout the U.K. These stores collectively have 930 employees, and no plans to relocate them were revealed. HMV currently has 220 stores …

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Blockbuster Closing 300 More Stores in the U.S.

As media consumption shifts to streaming and downloaded products, retailers of physical entertainment media are being forced to change rapidly or die ignoble deaths. At the same time that Blockbuster U.K. has entered administration (bankruptcy) and announced 160 of its stores across the U.K. will be closing, Blockbuster in the U.S. is having similar difficulties. Dish Network, the parent company …

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Blockbuster U.K. to Close 160 Stores, More Closings Possible

Last week Blockbuster U.K. announced that it would be entering administration and begin looking for a buyer for its 528 stores across the U.K. Today, the real process of closing up shop has started and store closings have been announced. Deloitte, the firm administering Blockbuster, has announced that 160 Blockbuster stores in the U.K. will be closing. The possibility of …

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Blockbuster U.K. Enters Administration

Coming just one day after U.K. electronics retailer HMV announced it would seek administration, auditing firm Deloitte has announced that it has been commissioned to administrate Blockbuster U.K. Deloitte was also mentioned as a possible administrator for HMV. Deloitte claims that Blockbuster U.K.’s “core” business is still solid. A buyer for the company’s 528 stores across the U.K. will be …

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HMV Closing? Electronics Retailer Enters Administration

HMV, the British entertainment retailer, has announced that its discussions with creditors have come to an end and the company will enter administration. Trading of HMV stock has been suspended on the London Stock Exchange. Deloitte partners Nick, Edwards, Neville Kahn, and Rob Harding have been name-dropped as posible administrators of the company and some of its subsidiaries. HMV has …

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