More details have emerged in the strange case of Brian Dunn’s resignation as CEO of Best Buy. The company’s board is investigating allegations that Dunn “used company resources to carry out an inappropriate relationship with a …
Retail
Update: Mystery as Best Buy Now Says CEO Brian Dunn Quit Amid ‘Personal Conduct’ Probe
In an unusual clarification, Best Buy said late Tuesday that CEO Brian Dunn had resigned amid a probe into his “personal conduct” — just hours after announcing that Dunn had left the company after “mutual agreement” that the
…
Best Buy CEO Brian Dunn Resigns Amid Shift to Online Shopping
Best Buy CEO Brian Dunn, who rose from sales associate to lead the world’s largest electronics retailer, resigned Tuesday after 28 years at the company, in the latest sign of distress for the troubled U.S. big-box retail sector. …
Is The Flat-Screen TV Boom Over?
The consumer electronics trend that had us shuffling out our perfectly good but perfectly bulky CRT televisions in favor of fancy-new flat screens appears to be ebbing. According to research firm IHS iSuppli, U.S. shipments of …
Light Beer, Suffering From Watered-Down Sales, Tries to Regain the Spotlight
Retail sales of craft beers grew 15% last year. Liquor also had a good 2011, with a 4% increase in sales, while wine has soared in popularity among Baby Boomers and women in general. Everywhere you look, there’s a hip new vodka …
China Makes iPads. So Why Does It Still Cut Corners For Its Own Consumers?
Consumers in China are all too familiar with the realities of shopping locally. In the kingdom of “caveat emptor,” the buyer who doesn’t beware faces a daily gamut of frustration and disappointment with substandard purchases — …
The 10 Best Brand Extensions Ever (According To Me)
Food Fight! Stores, Producers, Consumers Battle over High Food Prices
Here’s a news flash that won’t be remotely surprising if you’re responsible for grocery shopping in your house: the cost of food has been rising. In the past year, consumer food prices have increased 4.4%, compared with a 2.9% …
Dollar Shave Club: A Start-Up’s Viral Ad for ‘F***ing Great’ Razors Is a Big Hit
Here’s the Dollar Shave Club concept: Starting at $1 per month, customers get a month’s worth of razors delivered to their doors, with a razor handle included in the first shipment. As far as modern-day business models go, it …
A 21st Century Twist on the Old [Blank]-of-the-Month-Club Idea
This past spring, Markus Rauschnabel began to notice that his Westchester neighbor, a new mom, was receiving tons of Amazon packages in the mail. It reminded Rauschnabel, a father of three, what his own wife went through when she …
Shopping Spree: 10 Companies Doing Surprisingly Good Business
There are certain retailers and service providers that everyone knows are doing well in terms of sales. When Apple posts impressive sales figures, no one is surprised. Given the still shaky state of the economy, it’s also …
Retail Recovery: Solid 4th-Quarter Earnings from Saks, Macy’s
The holiday season might seem like the distant past, but fourth quarter earnings numbers released yesterday prove that top retailers adapted remarkably to lackluster sales that plagued most of last year.