Retailers, consumers and prices
Check out the holiday sales results from Best Buy.
The top U.S. consumer electronics chain said its December same-store sales rose 8.2 percent, recovering from last year’s 6.5 percent drop.
The company attributed the gains to strong demand for notebook computers and mobile phones, and said it believes its domestic segment continued to “experience strong market share gains” for the month ended Nov. 30.
In a research note, Bernstein analyst Colin McGranahan said general market expectations were for Best Buy’s December same-store sales to rise between 8 and 10 percent.
“Overall we think the sales will be viewed as in-line to slightly below general expectations,” he wrote.
Brian Dunn, who is set to become Best Buy‘s CEO next week, has his own example of what it means to be connected in today’s digital age.
When he was visiting London a few weeks ago, Dunn watched the L.A. Lakers take on the Utah Jazz in the NBA playoffs on his notebook computer. His three sons, who are also big basketball fans, were watching the game on TV at home, Dunn said. They kept in touch using Skype to have a video chat.
The retailer has started selling two notebook computers made by Hewlett-Packard and Toshiba that include features consumers had asked for, such as a lighter-weight design, backlit keyboard and longer warranty.
In its most obvious cameo, technology showed up at Vivienne Tam’s Spring 2009 show on Tuesday, where models sashayed down the runway clutching slim, red HP notebook computers instead of evening bags.