Items tagged with closing

For you nostalgic types out there, you may want to head over to your local Best Buy electronics store and take a stroll through nerd nirvana, it could end up being the last time you do so. In reporting its fourth quarter and full year 2012 financial results, the mega electronics chain outlined a new transformation strategy that includes the closure of 50 big-box brick-and-mortar stores. It's part of a larger cost cutting initiative that Best Buy hopes will save the company $800 million by fiscal 2015. Closing 50 retail stores is expected to cut costs by $300 million. Best Buy says it will save... Read more...
My, oh, my. What a difference a few years makes in the smartphone market. Nokia has long since been the dominant cellphone provider the world over, holding well over 40% of the overall market share in terms of mobile phone sales. But with companies such as RIM (who makes the BlackBerry), HTC (responsible for the Hero and myTouch 3G), Motorola (with its DROID) and Apple (no explanation needed) joining the fray, things are vastly different now. Nokia has also struggled with landing carrier partnerships in America, which are generally a necessity for a phone to become a really hot seller. Americans... Read more...