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Fintech Focus For November 24, 2020
Monday, November 23, 2020 - 7:34pm | 1900Read More...Quote To Start The Day: If you genuinely want something, don't wait for it -- teach yourself to be impatient. Source: Gurbaksh Chahal One Big Thing In Fintech: Super Bowl LV, taking place in Tampa Bay in February, will offer 100% digital payment acceptance for fans throughout the stadium on...
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Best Buy Has Survived And Thrived In The E-Commerce Revolution
Tuesday, August 29, 2017 - 3:24pm | 786Read More...Best Buy Co Inc (NYSE: BBY) shares slumped 12 percent Tuesday after the company reported second-quarter earnings that handily topped consensus estimates. Traders appear to be taking profits on Best Buy, one of the largest positive surprises in the entire retail sector in 2017. Despite the post-...
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Why Best Buy Is A Favorite Hardline Retailer Heading Into Its Q2 Results
Wednesday, August 16, 2017 - 10:42am | 572Read More...Previewing Best Buy Co Inc (NYSE: BBY)'s second-quarter results, which are due before the market open Aug. 29, Loop Capital Markets said the electronics retailer remains one of its favorite idea in the specialty hardline retailing space. Accordingly, the firm reiterated its Buy rating and $...
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Retail Job Losses: Does This Point Toward Protracted Sectoral Weakness?
Friday, June 9, 2017 - 3:36pm | 1033Read More...That the retail sector is struggling is no secret. Brick-and-mortar stores are reeling under the impact their online counterparts are having on the way things are bought. Several of them are closing down underperforming stores, while some of them are going out of the business — arguably...
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RadioShack To Kodak; These Companies Fell From Grace The Hardest
Tuesday, March 7, 2017 - 3:44pm | 683Read More...RadioShack is preparing for its second bankruptcy restructuring in two years as the once-dominant electronics retailer continues its fall from grace. RadioShack currently operates about 1,700 stores, down 75 percent from its peak market presence back in the late 1990s. The company has already begun...
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Macquarie Adjusting 2015 Forecasts After Sprint Opens 1,400+ Former RadioShack Stores
Monday, April 13, 2015 - 9:30am | 254Read More...Macquarie on Monday issued a company update on Sprint Corp (NYSE: S) following Sprint’s opening of 1,435 (formerly RadioShack) stores on Friday. Macquarie rates Sprint as Outperform with a one-year price target of $7.25. Analysts Kevin Smithen and Will Clayton wrote, “We are...
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RadioShack-Sprint Deal Sends Mixed Messages, Could Confuse Customers
Tuesday, February 10, 2015 - 3:48pm | 550Read More...Sprint Corp (NYSE: S) plans to pick up as many as 2,000 RadioShack stores in the United States. The deal will not mean the end of RadioShack (OTC: RSHC); rather, the ailing retailer will live on by co-branding its stores with the wireless carrier. This deal is very different from the one...
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Brian Sozzi: Is Best Buy The Next RadioShack? No Way!
Monday, February 9, 2015 - 2:36pm | 311Read More...Brian Sozzi, CEO and chief equities strategist of Belus Capital Advisors, on Monday wrote on The Street about the success of Best Buy Co Inc (NYSE: BBY) in the wake of rival RadioShack filing for bankruptcy. Best Buy operates in a highly-competitive consumer electronic retail industry and has...
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Oppenheimer Suggests There Might Be 'More Light At The End Of The Tunnel' For Best Buy
Friday, February 6, 2015 - 11:43am | 185Read More...Brian Nagel of Oppenheimer on Friday upgraded shares of Best Buy Co Inc (NYSE: BBY) to Outperform from Perform with an established $43 price target given a view that "the worst is likely over." Nagel notes that challenges do persist for Best Buy, but a new senior leadership team that has "...
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Sprint Confirms Interest In Former RadioShack Leases
Thursday, February 5, 2015 - 7:58pm | 197Read More...Sprint Corp. (NYSE: S) confirmed Friday that it may acquire leases from the bankrupt RadioShack. The telecommunications company is "looking at RadioShack very closely" for retail expansion plans that include opening up to 50 Sprint stores each month in 2015, Chief Executive Marcelo...
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4 Reasons Amazon Could Acquire RadioShack Stores
Thursday, February 5, 2015 - 8:27am | 739Read More...Amazon.com, Inc. (NASDAQ: AMZN) is once again rumored to be interested in acquiring select retail outlets from RadioShack Corporation (OTC: RSHC). Here are four reasons why the rumor might actually come true. Easier Returns Research shows that a bad return policy can deter potential shoppers...
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SunTrust's Bob Peck Offers 5 Reasons Why Amazon Should Buy Some RadioShack Stores
Tuesday, February 3, 2015 - 9:49am | 147Read More...Robert Peck of SunTrust Robinson Humphrey commented in a note on Tuesday why Amazon.com, Inc. (NASDAQ: AMZN) should consider buying some of RadioShack Corporation's (NYSE: RSH) stores and take over the leases. Peck notes that Amazon should consider this move for several reasons: No tax...
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Will RadioShack Be The First Retailer To Go Bust In 2015?
Sunday, January 25, 2015 - 11:21am | 467Read More...The New York Stock Exchange sent RadioShack Corporation (NYSE: RSH) another letter last week after the firm's market cap remained below $50 million for more than 30 consecutive days. This was one more reminder that the company may not be able to survive in the highly competitive retail space, which...
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Earnings Expectations For The Week Of December 8
Sunday, December 7, 2014 - 9:30pm | 795Read More...Highlights on the earnings front this week will include quarterly reports from retailers Costco Wholesale Corporation (NASDAQ: COST), Lululemon Athletica inc. (NASDAQ: LULU) and RadioShack Corporation (NYSE: RSH). Analysts expect each to tell a very different story. Expectations are high for...
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Markets Close Higher Following Strong November Auto Sales
Tuesday, December 2, 2014 - 5:46pm | 885Read More...U.S. stocks were mostly higher as investors and traders focused on U.S. November automobile sales, rather than Cyber Monday sales. U.S. automobile sales rose 4.6 percent in November to 1.3 million, higher than the 1.27 million analysts were expecting. Cyber Monday sales were expected to grow...
