Lowe’s sees election wrap-up helping sentiment: report
Stone sounded concerned with negative presidential campaign ads, the paper said. Stone declined to comment on recent business trends or Wall Street’s expectations for coming periods but indicated that certain products continued to sell decently, according to the paper. “Our replacement business has been good,” Stone told [...]
These are heady times for Wal-Mart (WMT). The Bentonville (Ark.) retailer has been enjoying double-digit profit growth and strong sales as bargain hunters crowd its aisles. Its stock is up about 20% since the start of the year. And shoppers like Sal Garcia of Downey, Calif., are joining the growing ranks of loyal [...]
Continue Reading →John Herrington, president of the company’s digital home appliance division, told TWICE at an LG summer line show here last night that the brand held on to its market share lead in residential front-load clothes washers and dryers in the latest Stevenson Company TraQline report. Stevenson, a market-research firm serving the CE and [...]
Continue Reading →NEW YORK — Steve Koenig, The Consumer Electronics Association’s (CEA) industry analysis director, and Eric Voyer, TraQline VP, made a presentation called “The State of CE Retail: Five Key Trends Changing the Way CE is Sold” at the CEA Industry Update at the Digital Downtown event, held here Thursday. TraQline is a retail [...]
Continue Reading →Wal-Mart Q1 Earnings Up 6.9%
But what’s interesting is Wal-Mart’s sales of flat-panel TVs have also grown dramatically. The retailer has recorded as much as triple-digit increases in certain months during this downturn, a much quicker pace than its consumer electronics competitors at Best Buy (BBY) and Circuit City (CC). Those sales [...]
Where did you buy your latest mobile phone? If you bought it last year, chances are you’re one of the 75 million or so Americans who got their mobile phone from a shop run by their carrier. Only about 5.5 million got their phone from an electronics store, according to market research service [...]
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