In a surprise move that could reshape the consumer electronics and movie rental industries, Blockbuster went public Monday with an offer to pay as much as $1.3 billion to acquire Circuit City. Blockbuster announced that it made the offer to Circuit City directly on Feb. 17 but went public with it be...
Cyber Monday lived up to and even exceeded its much-hyped advanced billing, with U.S. consumers setting a new spending record on the unofficial kickoff to the online holiday shopping season. ComScore data show U.S. shoppers spent $733 million online on Monday, a 21 percent increase when compared wit...
Web portal Lycos has released its eighth annual list of the Top 50 most popular holiday season toys and games, and already a few online sales trends are becoming apparent in the realm of consumer electronics. The quality of video games continues to improve along with the increasing capabilities of ...
Sony has no plans to cut the price of its PlayStation 3 consoles, Sony President Ryoji Chubachi reportedly said, despite hints from the electronics giant that it might do so in order to rev up disappointing sales figures. The price point for the PS3 has long been seen as a sticking point for greater...
Shares of Best Buy slid by more than 5 percent Tuesday after the electronics retail giant posted lower earnings and moderated its outlook for the rest of the year, citing a less profitable mix of hot-selling products. Best Buy's profit for its first quarter was $192 million, or 39 cents per share, 1...
Dell will cut some 8,800 workers from its payroll over the next year. Dell announced the cuts as it released first quarter results that beat Wall Street forecasts for profit but still showed that the once dominant PC maker is facing an uphill battle against competitors such as HP. Founder and CEO Mi...
The state of Connecticut is suing electronics retailer Best Buy, saying the company deceived customers by using in-store kiosks linked to an employee-only Web site to suggest that bargains posted on the company's public-facing site were no longer available. Connecticut Attorney General Richard Blume...
Best Buy edged further ahead of rival Circuit City in the battle for consumer electronics and entertainment spending in the fourth quarter, with high-end TVs and other devices helping drive Best Buy's gains and costs associated with a restructuring plan dragging down Circuit City's. Best Buy's profi...
In an attempt to get a hands-on read of the efficiency and credibility of comparison search engines, I embarked on a buying experiment for an HP Media Vault mv2020 server -- specifically a Windows-based PC tower with two 500 GB Internal Drives, three USB ports for expansion, room for an additional 3...
The Association for Retail Technology Standards got busy early this year. The technology standards division of the National Retail Federation, ARTS began in 2007 with the introduction of several e-commerce data and content management standards. Among those standards, ARTS -- in partnership with the...
As massive snowstorms battered much of the Midwest and Northeast this week, it was 70 degrees and sunny in Palm Desert, Calif., during eTail 2007 Palm Desert, the 16th annual multichannel retail conference. Nevertheless, weather was merely an added bonus for the hundreds of attendees -- top executiv...
There are pundits who say loyalty was stillborn on the Internet, but Keynote Systems isn't one of them. The San Mateo, Calif., provider of on-demand test and measurement products for gauging mobile and online performance reports that loyalty to big Net brands solidified last year, as did those brand...
The Privacy Rights Clearinghouse says its running tally of data breaches shows nearly 94 million instances of data being exposed in less than two years of tracking such events, a veritable red flag of private information at risk. The PRC said its tally shows the total number of records containing se...
The top 10 fastest growing Web sites in August with back-to-school online advertising campaigns were announced Tuesday by Internet media and marketing research firm Nielsen//NetRatings. Topping the list was eBags.com, which showed month-to-month growth of 118 percent, from a unique audience of 582,0...
Former eMachines owner Lap Shun Hui has offered to buy the retail operations of PC maker Gateway, to whom he sold his firm in 2004, for US$450 million. Gateway saw its stock price rise more than 22 percent Wednesday following news of the offer and said its board of directors, as well as financial an...
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Undecided
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