Tag archive: retailer

Renamed the ”Marketplace Fairness Act”, a group of bipartisan senators is expected to introduce an alternate version of the “Main Street Fairness Act” in order to appease Web companies like eBay. Rather than taxing all transactions on the Internet, the new bill focuses on large retailers and allows smaller transactions to remain free of taxes. The bill is designed to give states the option of collecting the new tax. Some… Read More

Don't be afraid to return that TV; Best Buy won't hurt you anymore. In a statement on its Website, the electronics retailer announced the termination restocking fees on all products in its stores. Historically, Best Buy has charged a 10-15 percent (of the purchase price) fee on returned items. The fee was meant to go toward “restocking” or the process involved in putting the item back on the store shelf or returning it to… Read More

After struggling through reorganization and store closures, electronics retailer was unable to pull itself back into business over the lackluster 2008 holiday season, and announced in mid-January the whole chain would be liquidated. Now, the retailer has reached its end-game, announcing that its remaining store locations will close permanently on March 8, 2009. Some stores have already shut down because they're run through their… Read More

Mega-retailer Best Buy has struck a deal to become the first independent retailer to offer Apple's iPhone 3G. iPhones will go on sale at Best Buy on September 7; of course, they will also remain available through Apple and AT&T. “The iPhone has changed the way people think about their mobile phones, and we are delighted to help more customers get their hands on this revolutionary product,” said Best Buy president and… Read More

Computer maker Dell is expanding its retail efforts in overseas markets, announcing today that it has made a deal to sell notebook and desktop computers through China's second-largest electronics retailer, Suning. At the same time, leading Chinese electronics retailer Gome will be doubling the number of locations that offer Dell gear. The deals will make Dell computing products available in many of China's major urban areas… Read More

Technology retailer CompUSA has announced (MS Word format) a major structuring which will see the company closing 126 of its retail outlets over the next 60 to 90 days in an effort to focus more resources on its best performing locations and improve the company's overall financial status. The company operates about 225 stores throughout the United States and Puerto Rico, and is owned by Mexican billionaire Carlos Sim, recently ranked… Read More