Best Buy

VN:F [1.9.11_1134]
Rating: 0 (from 2 votes)
It’s a tough world for big-box electronics stores, especially with mounting competition from online retailers like Amazon. To catch up, Best Buy plans to double its online retail presence in the next three to five years.The company also wants to cut costs by opening smaller stores in the United States, with inventory focused on mobile devices. Best Buy expects that reducing its total square footage by 10% could save up to $80 million annually.

The company also announced a “Buy Back” program where consumers can pay for the privilege of guaranteed cash back when they return used electronics to the store. —S.D.

source

Home Depot

VN:F [1.9.11_1134]
Rating: 0 (from 0 votes)
Home Depot had to slash prices on certain products last year to retain customers. But the home improvement retailer has been able to capitalize on the first wave of economic recovery, since people who can’t yet afford to buy new houses are renovating their old ones.Home Depot positioned itself to take advantage of the remodeling trend, says CEO Frank Blake. During its latest earnings announcement, he noted that the company experienced year-long sales growth for the first time since 2006. —S.D.

source

Costco Wholesale

VN:F [1.9.11_1134]
Rating: 0 (from 0 votes)
You might not be able to buy swordfish at your local Costco — the wholesaler dropped a dozen “at risk” fish from its outlets in March — but you can buy nearly 4,000 other items, all at sharply reduced prices.Costco shoppers lately have been in a veritable feeding frenzy (food and sundries account for 44% of sales), driving a jump in sales and profits last year. CEO James Sinegal credits the robust results to Costco’s “pricing authority,” which consistently provides the most competitive values. The proof in his private-label pudding: 88% of Costco’s customers renew their annual memberships. —P.N.

source