Barnes & Noble CEO resigns after Nook sales slump
NEW YORK (Reuters) - Barnes & Noble Inc CEO William Lynch resigned on Monday, an acknowledgement that its digital division Nook has failed to compete successfully in the e-reader and...
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Best Buy shares rise after Credit Suisse cheers turnaround efforts
NEW YORK (Reuters) - Best Buy Co shares rose to their highest level in two years on Monday after Credit Suisse gave a thumbs-up to the turnaround efforts of the...
Starboard sues Office Depot for not holding annual meeting
NEW YORK (Reuters) - Top Office Depot Inc investor Starboard Value LP sued the second-largest U.S. office supply retailer on Thursday for not holding an annual shareholder meeting to elect...
Best Buy sees investments squeezing near-term profits
(Reuters) - Best Buy Co Inc reported lackluster sales in the first quarter and warned that efforts to entice shoppers could squeeze profits in the near term. The news overshadowed...
Analysis: Wall Street to Best Buy – Now, get out of China
NEW YORK (Reuters) - Best Buy's move to exit Europe has many on Wall Street hoping the big box retailer does the same in China. The company sold its stake...
Best Buy plans to exit Europe by selling stake to Carphone
NEW YORK (Reuters) - U.S. retailer Best Buy Co Inc is selling its 50 percent stake in a joint venture with Europe's biggest independent mobile phone retailer Carphone Warehouse Group...
Toyota readies U.S. production of Lexus ES by 2015
NEW YORK (Reuters) - Toyota Motor Corp plans to assemble the Lexus ES 350 sedan at its Kentucky plant in 2015, marking the first time the Japanese automaker has built...
Best Buy takeover play ends; turnaround in focus
NEW YORK (Reuters) - Prospects of Best Buy Co going private ended on Friday when the retailer's founder failed to strike a buyout deal with management, leaving the fate of...
Strong sales help Home Depot outshine Lowe’s
(Reuters) - Improvements in the U.S. housing market and sales tied to Hurricane Sandy helped Home Depot Inc report a higher-than-expected quarterly profit and outshine rival Lowe's Cos Inc for...
Storch to step down as Toys R Us CEO, remain chairman
(Reuters) - Toys R Us Inc said on Wednesday that Gerald Storch will step down as its chief executive, just weeks after the world's largest dedicated toy retailer reported disappointing...