Best Buy Co Inc (BBY.N) plans to close some stores and consolidate its operations in Canada, the U.S. electronics retailer's second-largest market, in a move that will hurt earnings this year, the company said on Saturday. The retailer said it will close 66 of its Future Shop brand stores in Canada and convert 65 of them to Best Buy brand stores. The move to a single brand will cut 500 full-time ...
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The departure of buying director Joe Fogwill, who was part of the successful team under previous chief executive Alan White, was announced to staff on Thursday.
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Discount retailer The Reject Shop expects to return to profit in the second half of 2015 but new chief executive Ross Sudano has stopped short of declaring the worst is over for the chain.
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© courtesy Best Buy Co. Inc. BestBuy storefront OK Best Buy reported a 77% jump in quarterly profit Tuesday, as the electronics retailer reported strong sales growth in the U.S. market during the key holiday season.
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THE Reject Shop has warned its first half profit will be down as much as 24 per cent on a year ago amid falling same-store sales.
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The Reject Shop expects to suffer a 25 per cent half year profit slide as sales prove weaker than a year ago.
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(Reuters) - Upscale jeweler Tiffany & Co cut its profit forecast for the full year, citing a disappointing holiday shopping season and further weakness in Japan. Tiffany shares fell as much as 14.4 percent to $88.52 on Monday, their biggest intra-day decline in nearly 11 years. The company said it now expected an adjusted profit of $4.15-$4.20 per share in the year ending Jan. 31, down from its ...
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