Best Buy Co Inc
Best Buy tops holiday quarter estimates but issues soft full-year guidance
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021. Andrew Kelly | Reuters Best Buy surpassed Wall Street’s revenue and earnings expectations for the holiday quarter on Thursday, even as the retailer navigated through a period of tepid consumer electronics demand and guided for a softer year ahead. For […]
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Redesigned Apple Watches not topic to import ban, U.S. Customs claims
Apple Look at Series 9 colors Source: Apple Inc. A U.S. legislation enforcement agency has decided that Apple can use a redesign to bypass an import ban on more recent Apple Check out products stemming from its patent infringement dispute with Masimo, the clinical-checking know-how company said in a courtroom submitting on Monday. The import ban, […]
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Santa gets a behind-the-scenes boost from AI this holiday season
Manonallard | E+ | Getty Images For many Americans, it’s the first holiday season when most of the family may know the term “artificial intelligence” if it comes up during Christmas dinner. Just don’t expect AI to do the heavy lifting for Santa quite yet. The rise of generative AI — and the use of […]
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Walmart's hiring and wage pressures have eased, CEO says
A worker stocks the shelves at a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Joe Raedle | Getty Images News | Getty Images After pandemic-fueled higher turnover and […]
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How major retailers and Covid-era nostalgia helped revive the vinyl records industry
A stack of freshly pressed gold vinyl records at United Record Pressing. CNBC This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Once considered a dying industry, the vinyl record business […]
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Black Friday shoppers used a report $9.8 billion in U.S. online revenue, up 7.5% from very last calendar year
Black Friday customers select out apparel in a Lacoste retail outlet as shops contend to entice shoppers and try out to preserve margins on Black Friday, 1 of the busiest shopping days of the yr, at Woodbury Widespread High quality Shops in Central Valley, New York, U.S. November 24, 2023. Vincent Alban | Reuters Black […]
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Thanksgiving Day online sales jump as discounts motivate holiday shoppers
Ordering gifts online, paying by credit card. Concept online shopping, buying Christmas and New Year’s presents. Black credit card, computer and christmas presents on blue sofa with festive decorations at home. Christmas and black friday shopping. Anastasiia Krivenok | Moment | Getty Images Online spending on Thanksgiving Day jumped 5.5% compared to a year ago, […]
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With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend
Target hosted a free “Winter Wonderland” event in New York City to show off the holiday season’s hottest toys. It’s an example of the extra effort that retailers are putting in to motivate shoppers. Melissa Repko | CNBC NEW YORK CITY — On a recent weekend in downtown Manhattan, a long line of families with […]
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Bad news for Black Friday: Retailers cast doubt on holiday shopping with cautious guidance
A person walks past a sales advertisement at Saks Off 5th Department Store ahead of the Thanksgiving holiday sales in Washington, DC, November 21, 2023. Saul Loeb | AFP | Getty Images There’s a dark cloud hanging over Black Friday. A slew of retailers have issued tepid, cautious or downright disappointing fourth-quarter outlooks over the […]
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Nordstrom sales come up short, echoing broader retail industry pressures
Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Nordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers’ comments about weaker demand and budget-pressured consumers. Yet the department store operator reiterated its full-year sales outlook, […]
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