In a somewhat surprising bit of news today, the CEO of Best Buy, Brian Dunn, announced his resignation. Dunn was a 28-year veteran of the leading electronics retailer in the US and rose up through the ranks after starting as a salesperson. Continue Reading
Author Archives: Stephen Baker
The consumer technology industry seems to be holding its own in a time when other industries are feeling the sting of a weakening economy. NPD’s U.S. retail tracking service data showed a 3% dollar increase over June 2007. Granted, it’s not the 8-10% increase the industry has seen in the past in the U.S., but it’s the second consecutive month of positive growth, in a year when revenue has been down or flat.
PCs and TVs, the two biggest electronics categories (with over $1 billion in sales each) delivered solid revenue growth in June. It was the first time in a while where Continue Reading