Online sales at Best Buy grew 22% in the second quarter to $581 million, but that wasn’t enough to offset weak sales and traffic trends at physical stores or prevent the company from forecasting similar declines in the third and fourth quarters.
Hhgregg has renewed its partnership with the Indianapolis Colts, extending the interactive football experience it provided last year. People at Colts games will be able to play Hhgregg’s Endless Blitz game on their smartphones, competing against other people in the stadium to win prizes.
Office Depot softened the blow of weak second quarter sales by bumping up the pace of 400 store closings to drive greater than expected operating profit growth and expense savings related to the merger with OfficeMax.
The stakes will be high for every retailer during the upcoming holiday season, but none more so than RadioShack where a stellar fourth quarter could help the company avert a gloomy scenario outlined by Moody’s Investors Service.
A heightened emphasis on e-commerce, store closures and operational efficiencies are among the strategic initiatives underway at Aaron’s where the operator of 2,100 stores is looking to restore growth of furniture, electronics, appliances and accessories.
Americans have never had greater access to amazing consumer electronics products thanks to eye-popping innovation that is translating to uneven growth and interesting implications for the holiday season, according to the latest sales projections from the Consumer Electronics Association (CEA).
A range of new Samsung brand smart printers and tablet computers are being added to the product mix at Office Depot and OfficeMax stores following an expanded partnership between the retailer and consumer electronics company.