It looks like the closest thing we have to a RadioShack buyer is private-equity firm Blackstone Group, in a deal that could reach $3 billion, the New York Post reports. The article says that CEO Julian Day wants to accelerate the selling process and is making presentations to bidders this week, which could also include Kohlberg Kravis Roberts & Co., Bain Capital and TPG.
The firms are reportedly interested in the chain because of its growing mobile phone business. Rival Best Buy was said to show interest in RadioShack, but that retailer is already growing its own mobile offerings.
Continue reading ‘Finally a Buyer for RadioShack?’
Published April 27, 2010
Best Buy , RadioShack , Sears , Wal-Mart
RadioShack, or The Shack as it now likes to be called, keeps turning in impressive financial results, mainly due to its mobile-phone selling success. Net income in its Q1 hit $50.1 million, up from $43.1 million in the same year-ago period, and same-store sales rose 4.7%
Sales got a boost by the addition of T-Mobile to its wireless service providers, adding it to Sprint Nextel and AT&T. It also started selling iPhones last year.
Continue reading ‘RadioShack Continues Its Turnaround’
Published April 20, 2010
Best Buy says it plans to eventually have 1,000 mobile stores across the US, up from the 77 it currently operates. The retailer is reportedly opening the stores in enclosed malls.
The move follows rumors that Best Buy could acquire Radio Shack and its 7,000 stores, one of the country’s largest mobile-phone sellers.
Continue reading ‘Best Buy Adding 1,000 Mobile-Phone Stores’
Published March 26, 2010
Best Buy , RadioShack
The New York Post reports that RadioShack could put itself up for sale and one potential buyer could be Best Buy. The reason Best Buy might show interest is because it has tested smaller stores and wants to make bigger waves in the wireless and handheld business, the paper asserts.
Other options for RadioShack include finding another buyer, or using its $900 million in cash to take on a major share buyback or undertake its own large acquisition of another outfit. Some, however, are skeptical that anyone would purchase RadioShack.
Continue reading ‘Would Best Buy Acquire RadioShack?’
Published March 12, 2010
Aeropostale , Aldi , Anthropologie , Barnes & Noble , Best Buy , Hollister , Home Depot , Interbrand Design Forum , Macy's , Target , Wal-Mart
We know that Aeropostale fares well in the recession and posts impressive sales due to its kindly priced apparel that connects with its teen audience. But as a brand name is it really more valuable than Macy’s?
Well, that’s the case, according to firm Interbrand Design Forum, which put out a list of the 50 strongest retail brand names in the country. It’s list has Aeropostale at number 35, while Macy’s is ranked 50th.
Continue reading ‘Aeropostale Trumps Macy’s as a Brand?’
Published January 5, 2010
Best Buy , Blockbuster , f.y.e.
Smart Money has an entertaining feature on its site called “10 Things Not to Buy in 2010.” Some are pretty obvious, like DVDs and CDs, sorry Blockbuster and f.y.e.
A few were a little less obvious to us, such as portable digital cameras. We didn’t think that in this economy more consumers were snapping up those fancy SLR digital machhines, as the prices aren’t too low yet. Either way, though, it’s probably good news for Best Buy.
Continue reading ‘Things You Don’t Want to Buy This Year’
When Vornado Realty Trust and two other investors bought Toys”R”Us a few years back, many of us thought that the deal was simply a real estate play to get the retailer’s many prime real estate locations. But the chain is another category killer that Walmart hasn’t brought down.
This Star Tribune article explains how it’s the last specialty toy chain out there, surviving when KB Toys and other peers couldn’t.
Continue reading ‘Zhu Zhu Pets Save Toys’R’US’