After losing more than $1 billion last year, cutting 400 jobs and closing 50 stores, Best Buy has a new strategy that focuses on its smaller stores. But will it work?
Articles tagged with: Retail
Written By: Laurenne Wallman on June 9, 2011
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Chicago has a little something for everybody. Museums, restaurants, shopping and sports give many people reason to put Chicago on their “must see” list. But the Windy City comes at a hefty price for tourists, with high sales, hotel and other taxes.
Written By: Moran Zhang on May 12, 2011
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Kohl’s Corp., the family-focused mid-price department store, said profit rose 6 percent in the first quarter as the company strengthened its marketing and controlled expenses.
Written By: John Yoo on July 22, 2010
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Columbia Sportswear reported narrower-than-expected loss for the second quarter ended June 30.
Written By: Nicole V. Rohr on May 19, 2010
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I recently spoke to my favorite financial advisor, Bridget Sullivan Mermel of Sullivan Mermel Inc., about avoiding the buying pressures of advertising in 2010. She had four points to make (and I added one).
Written By: David Noell on May 13, 2010
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Dick's Sporting Goods should look to capitalize on the World Cup this summer. (Courtesy Flickr user cyberdees)
It’s a big year for sports; 2010 has already seen the Olympics, while the World Cup is fast approaching. Unless you’re extremely wealthy, it might be difficult to invest in your favorite team.
Written By: Emma Jackson on March 11, 2010
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Comparing the fourth quarter earnings results of three teen apparel competitors, it appears that Abercombie & Fitch Co. is struggling, compared with American Eagle Outfitters Inc. and Aeropostale Inc.
Written By: meganmollmann on August 20, 2009
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Chicago foreclosure activity counts by zip code/Realtytrac.com
BY MEGAN MOLLMANN – MEDILL NEWS SERVICE
Foreclosures increased 7 percent nationwide in July, according to Realtytrac.com. Illinois came in fifth place for total foreclosure activity, with 14,524 properties receiving a foreclosure filing, and default notices skyrocketed 86 percent during the month, said Realtytrac in a press [...]
Written By: meganmollmann on August 13, 2009
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Image via J.C. Penney
BY MEGAN MOLLMANN – MEDILL REPORTS
On the heels of the Fed’s news that the economy is “leveling out,” July retail sales dropped 0.1 percent from June, said the U.S. Department of Commerce Thursday.
Total retail sales for July were $342.3 billion, an 8.3 percent decline from July of [...]
Written By: kellen.henry on July 29, 2009
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via The Federal Reserve Board
BY KELLEN HENRY – MEDILL NEWS SERVICE
The economic story in the Midwest is the same the one we’re hearing across most of the country — The economy is weak, but it’s no longer in free-fall.
According to The Beige Book, the report on current economic conditions released [...]
