In order to compensate for increasing amounts of demand for several of its products, electronics retailer Best Buy plans to boost its seasonal staff for the holiday season. According to the company, Best Buy has experienced a surge in demand for products such as televisions compared to last year and has decided to increase hiring accordingly.
 
Demand for flat-screen televisions, smartphones, and netbooks has increased over the last year, with flat-screen television sales in July actually exceeding sales numbers reached by the company last December. However, Best Buy is still struggling with falling same-store sales, which declined 3.9 percent last quarter, …read more

In these difficult economic times, more and more companies are teaming up to form marketing partnerships. This week, TiVo and Best Buy announced such a marketing partnership.
For TiVo, the company famous for their digital video recorders, they will see their products marketed at Best Buy stores across the United States. Considering that TiVo is currently facing an unprecedented amount of competition in their industry, this marketing move makes a lot of sense.
For Best Buy, on the other hand, this agreement gives the company a unique way to reach their customers. Each TiVo DVR purchased from Best Buy will give Best …read more

In a move that looks mutually beneficial, at least on paper, TiVo announced today that it would form a marketing alliance with electronics retailer Best Buy. Although the financial details of the deal have not yet been released, the deal would involve TiVo providing its recording technology to Best Buy’s own brand of televisions and other electronics.
 
TiVo stands to benefit greatly from partnering up with Best Buy, the top specialty consumer electronics retailer in the country. Putting TiVo recording technology in Best Buy’s electronics would boost TiVo’s sales. In return, Best Buy would benefit from consistent advertising on TiVo’s on-screen …read more

Due to a lot of competition in the digital music industry, especially from iTunes, Napster has once again changed their business model. Napster, who was recently purchased by Best Buy, lowered the cost of their service to $5 per month.
For $5 per month, Napster users can download five MP3 songs and also use the on-demand music service. Additionally MP3 songs can be downloaded for as little as $.69.
Said Napster CEO Chris Gorog: “There’s no need to settle for 30-second clips to decide if you want to buy a song. For five bucks now you can have access to our …read more

Circuit City no longer exists. The electronic superstar went bankrupt after losing a battle to rival Best Buy. Many companies have tried to fill Circuit City’s place in the marketplace, but now there’s a big challenger on the block. According to a report in The Wall Street Journal, Wal-Mart is eyeing the people who used to shop at Circuit City.
The report says that Wal-Mart stores will start to feature bigger electronics displays starting on Monday. While Wal-Mart already has an electronics department, they will apparently be advancing the available technology, adding more items for sale and start selling some of …read more

For much of the last few months, the only news we heard on Wall Street was bad news. However, over the past couple of weeks, an undeniable rally has formed. On Thursday, the Dow Jones industrial average rose more than 2% to 7,924.6 – the highest mark in over five weeks.
Both the S&P 500 and Russell 2000 saw positive growth on Thursday. S&P 500 was up more than 2% to 832.9, while Russell 2000 finished the day up nearly 4.5% to 445.3. The NASDAQ composite index was up nearly 4% to 1587 and has now grown since the beginning of …read more

How much is the information on your laptop worth? How do you go about saving your work or creating a backup of your work just in case you “lose” some of your technology?
After reading this news story about this woman sho is suing Best Buy over her lost laptop, it got me to thinking: it’s crucial to not only have a back-up of your work but to also be careful of ANY infromation that you share with third parties, or in this case, repair people. I think if she had taken the extra time to take those precautionary measures, there …read more