An LBO For Best Buy? Fitch Sees Hurdles
An LBO for the retailer is certainly possible, but may not solve all its problems. [...] more>>
Best Buy Co., Inc. is a multinational retailer of consumer electronics, home office products, entertainment products, appliances and related services. The Company operates retail stores and call centers, and conducts online retail operations under a variety of brand names, such as Best Buy (BestBuy.com, BestBuy.ca, BestBuy.co.uk), Best Buy Mobile (BestBuyMobile.com), The Carphone Warehouse (CarphoneWarehouse.com), Five Star (Five-Star.cn), Future Shop (FutureShop.ca), Geek Squad, Magnolia Audio Video, Napster (Napster.com), Pacific Sales and The Phone House (PhoneHouse.com). The Company operates in two segments: Domestic and International. During the fiscal year ended February 26, 2011 (fiscal 2011), the Company opened 134 new stores and closed seven stores in its Domestic segment. During fiscal 2011, the Company opened 123 new stores and closed 103 stores in its International segment, primarily within its Best Buy Europe business. [...] more
An LBO for the retailer is certainly possible, but may not solve all its problems. [...] more>>
One week ago, the world couldn't wait to see what Nintendo had in store for the game industry. Today, the world wishes it had never found out. While a select number of consumers (read: a very small number of consumers) will tell you that the "games r great, u stupid Call [...] [...] more>>
Did it really surprise most people that Facebook (FB) sold its shares to the public in an IPO at hugely inflated valuations, only to watch the share price head south nearly immediately? Even after plummeting 25% from its initial offering price, the stock is selling for 15 times sales and [...] [...] more>>
The week that was on the Forbes Markets Desk. [...] more>>
Nielson is out with some new statistics on the iPhone, pointing out that -- as of March 2012 -- about 1 in 3 smartphone owners globally are using iPhones. Earlier this year, Nielsen reported that smartphones account for half of all new mobile phone purchases in the U.S. Nielson also said that Apple is also a [...] [...] more>>
Facebook (FB) has fired a shot at partners Apple (AAPL) and Google (GOOG), as it launches its own App Center. Facebook launched the App Center with both mobile and web apps. It has 600 apps to start with, including popular ones such as Draw Something , Pinterest , and Nike+ (NKE) [...] [...] more>>
