TWICE Retail eWeekly
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June 22, 2009

In this Issue


  • Best Buy’s Q1 Sales Up, Profits Down
    Updated! Minneapolis — Best Buy’s net earnings fell 15 percent to $153 million during its first fiscal quarter, ended May 30, as  net sales grew 12 percent to $10.1 billion. more » » » 
  • Back-Lit LED Seen As Salvation For Lower TV Prices
    NEW YORK — Dealers are looking to 240Hz LED TVs to help counter dramatically lower average selling prices (ASPs) for flat-panel TVs. According to Dennis May, president, COO and CEO-elect of hhgregg, ASPs have fallen 20 percent to 24 percent industrywide on flat-panel TVs since the fall, causing the company's unit sales to outpace dollar volume. more » » » 
  • Newegg Cracks 1st Place In Customer Satisfaction Study
    ANN ARBOR, MICH. — Newegg.com bested 10 other leading consumer electronics e-tailers in a recent study of customer satisfaction and future purchase intentions. According to the spring 2009 edition of the Top 100 Online Retail Satisfaction Index, produced by ForeSee Results in partnership with FGI Research, Newegg rose 1 point from last year on the 100-point American Customer Satisfactio... more » » » 


 


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