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Computers

  • Staples grows profits despite soft sales

    Framingham, Mass. -- Fourth-quarter sales at Staples increased slightly to $6.4 billion, net income increased 17% to $275 million, and earnings per share increased 19% to 38 cents courtesy of a favorable tax benefit of six cents.

    Staples chairman and CEO said he was proud of all the company achieved in 2010.

  • Survey: Global PC-based POS market up

    New York City -- The global PC-based point-of-sale market grew a solid 6.9% in 2010, according to new research from IHL Group, a global research and advisory firm.

    Shipments grew in all four major worldwide regions (North America, Europe/Middle East Africa, Latin/South America, and Asia/Pacific). Strong double-digit growth in the Asia/Pacific region was driven by new shipments in China, India, Korea, and Indonesia, according to the research. 

  • New CEO named at Timex

    MIDDLEBURY, Conn. -- Timex Group announced that it has named Gary Cohen president and CEO of the company. Cohen will also join the company’s board of directors.

    “I feel honored to lead one of the world’s largest and most iconic watch companies,” Cohen said. “I look forward to developing new business opportunities across our extensive portfolio of brands in both developed and emerging markets worldwide.”

  • Best Buy offers free delivery, 18-month no-interest financing on appliances

    Minneapolis -- Best Buy Co. announced it will free delivery and no interest financing if paid in full within 18 months on all appliance purchases over $429.

  • RadioShack profit drops 25% in Q4

    Fort Worth, Texas -- RadioShack Corp. on Tuesday said its fourth-quarter net income fell by 25%, which was toward the low end of the company's already reduced guidance.

    The company reported net income of $57 million in the October to December period, down from $75.7 million a year ago.

  • Best Buy to open 150 mobile stores in fiscal 2012

    Minneapolis -- Best Buy said in fiscal 2012 it will concentrate on growing its smaller-format mobile chain and restructure parts of its supply chain processes to cut costs and improve efficiency. The retailer plans to open about 150 Best Buy Mobile stand-alone-stores in the United States, for a total of some 325 locations by year-end.

    Best Buy plans to open about six to eight Best Buy-branded large-format stores in the United States, along with 18 Best Buy stores in Canada, the United Kingdom and Mexico during the year.

  • Major moves at Best Buy designed to drive growth

    Minneapolis -- Best Buy is looking to reinvent its future and late Monday announced a series of moves designed to enhance the company’s growth prospects and profitability.

  • Future proof program extended at Best Buy Mobile

    MINNEAPOLIS -- Best Buy Mobile, the mobile specialty retail unit of Best Buy Co., announced that it is extending the offer to “future proof” smart phone purchases for free through Feb. 26 in all Best Buy and Best Buy Mobile standalone stores across the country. As part of this special two-week offer, customers can also receive the Buy Back Program at no cost when purchasing tablets, including the Apple iPad, at Best Buy Mobile standalone stores.

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