Best Buy struggles in ‘very, very soft’ Canadian electronics market
TORONTO — Best Buy Canada continues to face pressure from an ongoing global decline in the consumer electronics market, but the retailer is doing a good job of controlling costs in a changing industry,...
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8 stocks to watch: The best and the worst in the world’s top 4 markets
Halfway through the year, the world’s stock markets continue be in an uptrend despite a wave of geopolitical uncertainty and lower expectations of global growth. Below, we take a look at top five best...
View Article3 reasons the Best Buy Co. rally will continue
Best Buy Co. Inc. has had a rough year. The stock is down more than 20% so far in 2014, underperforming the broader U.S. market by a wide margin, after disappointing holiday sales triggered a sharp...
View ArticleCanadian retailers staying ahead of the ecommerce curve
When Purdy’s Chocolates launched its ecommerce site in 1999, the logistical side was a big unknown for the company, says Peter Higgins, president and chocolate scientist in Vancouver. “We didn’t even...
View ArticleBest Buy top stock pick for holiday shopping
Best Buy Co. Inc. comes out on top of a list of retailers that have shifted more resources into ensuring online deliveries go more smoothly this Christmas season, say Citi Research analysts. “After...
View ArticleBest Buy Co shares jump as profit tops estimates on surprise sales gain
Best Buy Co., the world’s largest electronics chain, beat third-quarter profit estimates after demand for televisions and tablets helped the retailer post a surprise sales gain. The shares jumped in...
View ArticlePeter Foster: Greenpeace tramples on Canada too, destroying business, jobs...
Activists bully Best Buy to divert business from Canadian forest firm Greenpeace activists stepped over the line at the recent climate meeting in Lima when they trampled on a sacred Peruvian monument,...
View ArticleBest Buy Canada’s credit card portfolio moves to Desjardins Group
TORONTO – Best Buy Canada is shifting its credit card portfolio to Desjardins Financial Group, the companies announced Wednesday. The retailer, which has closed some stores and shrunk its overall...
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The retailers that could be swallowed up next by Amazon
Staples Inc.’s US$6.3 billion takeover of Office Depot Inc. Wednesday is the latest example of brick and mortar retailers feeling the Internet squeeze. “This is a transformational acquisition which...
View ArticleU.S. consumer fuels investment strategy: ‘It’s not just an oil trade’
Manager: Jeff Burchell, Aston Hill Asset Management Fund: Aston Hill Capital Growth Fund Description: Actively managed U.S. equity-focused long/short mutual fund AUM: $246.8-million Performance:...
View ArticleBest Buy tablet sales dip despite stronger-than-expect profit in fourth quarter
TORONTO – Could digital tablets be losing popularity with consumers? Hubert Joly, chief executive of Best Buy Co Inc., said Tuesday the U.S. tablet category fell 30% in the fourth quarter, citing data...
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Future Shop latest Canadian retail casualty to succumb to ‘Amazon effect’
Future Shop has joined a growing list of failed electronics retail brands, with the sector becoming increasingly competitive as consumers comparison shop with discount and online retailers. In a...
View ArticleFP Watchlist: Best Buy Co. Inc, Calloway REIT, energy volumes
Best Buy’s decision to close its Future Shop stores look long overdue, Calloway REIT’s exposure to these locations shouldn’t translate into a big earnings hit, and energy volume remain front-and-centre...
View ArticleRetailers face growth issues across dual online and in-store platforms
TORONTO – The abrupt closure of half the Future Shop chain over the weekend illustrates just how tough it can be for specialty retailers to serve customers who want to buy both online and in stores...
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From Bananarama to pharma: How Future Shop’s founder built an empire outside...
In the spot on the National Gallery of Canada’s website where Nezhat Khosrowshahi’s picture is supposed to go, there’s a generic placeholder image instead — a silhouette of a woman’s head. Next to the...
View ArticleBest Buy Co cut to neutral as summer slowdown approaches
The retail sector has received a lot of attention from investors looking for a play on lower gasoline prices. But with that trade looking crowded, and the seasonally weak summer period for retail...
View ArticleFP Watchlist: Microsoft, Starbucks, Best Buy
Microsoft and Starbucks beat analysts’ earnings forecasts, and Best Buy gets downgraded on slowing sales.
View ArticleFP Watchlist: Big changes in Alberta’s oilpatch, Sun Life and Best Buy
The energy sector braces for an NDP government in Alberta, Sun Life Financial’s earnings beat expectations, and Best Buy Canada is opening up its website and stores for others to use
View ArticleBest Buy Canada takes on Amazon with ‘marketplace’ selling of other...
TORONTO – Best Buy Canada is making a move into marketplace-style selling, aiming to out-muscle its giant Amazon rival in possibly the only way it can — by offering up its 192 bricks-and-mortar...
View ArticleBest Buy Co suffers as Canadian weakness, Future Shop closures dent results
TORONTO — Best Buy Co. says slow sales of electronics in Canada — and a decision to close the Future Shop chain — left a significant dent in its first-quarter results. The Minneapolis, Mn.-based...
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