Wednesday, April 7, 2010 as of 11:14 AM ET
Online shopping or Online retailing is a form of electronic commerce whereby consumers directly buy goods or services from a seller over the Internet without an intermediary service.
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(BBY) reported a mixed fiscal first quarter, interim Chief Executive Mike Mikan bluntly acknowledged the electronics retailer's failure to keep up with a drastically changed market and promised bold action to turn it around.He made his comments, which lacked specifics about initiatives, on a Tuesday conference call discussing Best Buy's first-quarter results. Earnings fell 25% on costs tied to initial restructuring and a drop in same-store sales. Revenue would have fallen without an extra week in the period, but adjusted profit rose more than expected as the restructuring yielded overhead cost savings.Mikan said Best Buy is crafting a new long-term plan, calling the initiatives unveiled before the abrupt departure of former Chief Executive Brian Dunn "just the first phase of the changes to come."At that time, Best Buy said it would be cutting costs by closing 50 big-box stores, testing remodeled formats in two markets and laying off 400 back-office workers. Tuesday, the...DOW JONES NEWSWIRESBest Buy Co. (BBY) swung to a loss in its fiscal fourth quarter amid $2.6 billion in restructuring costs and other charges, although the electroni...
Amazon .com Inc and Barnes & Noble Inc unveiled Harry Potter e-books on Tuesday in deals that suggest the companies made big concessions with author J.K. Rowling for...
Amazon.com Inc and Barnes & Noble Inc unveiled Harry Potter e-books on Tuesday in deals that suggest the companies made big concessions with author J.K. Rowling for ...
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.A new social shopping site offers you cash back, again and again. Find your way aro...
Hasbro CEO Brian Goldner talks toys with FBN's Robert Gray.
Today's consumers are Internet-savvy and want the convenience of checking their bank balances on the fly and performing transactions as quickly and effectively as po...
Amazon .com Inc. (AMZN) said Thursday it has launched its service in India, marking the entry of one of the world's largest online retailers into the $550 billion re...
Rick McAllister, president and CEO of the Florida Retail Federation, on why his organization is opposing giving Amazon a free pass on sales tax in the state.
Attention, parents: Your child's college student ID might be doubling as a prepaid card.The prepaid aspect is the latest twist on a long tradition of college campus ...
FBN’s Shibani Joshi on which online retailers topped the best and worst lists of customer satisfaction.
FBN’s Adam Shapiro on a survey of customer satisfaction at the largest online retailers .
Online retail king Amazon .com (NASDAQ:AMZN) dethroned reeling Netflix (NASDAQ:NFLX) from its perch atop an annual analysis of customer satisfaction among e-retailer...
Catherine Moellering on how businesses are shifting gears to target the plus-size fashion market.
Amazon.com Inc. has agreed to begin collecting sales tax from Texas customers beginning July 1.According to the Austin American-Statesman, the online retailer will a...
Amazon.com Inc. (AMZN) has agreed to collect a sales tax on items sold in Nevada beginning in 2014, or earlier should proposed federal legislation mandate online ret...
DOW JONES NEWSWIRESAmazon Inc. (AMZN) has agreed to begin collecting an 8.1% sales tax on items sold in Nevada beginning in 2014, or earlier should the federal gover...
FBN's Robert Gray breaks down afternoon market news.
The value of Wal-Mart Stores Inc. (WMT) Chief Executive Michael T. Duke's total compensation fell 3.1% to $18.1 million last fiscal year, largely because he received...
Best Buy's (NYSE:BBY) board of directors has created a search committee to identify a replacement for former chief executive Brian Dunn, who stepped down Tuesday ami...
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