-- www.rothmanresearch.com -- With the U.S. economy still flirting with a slow recovery and a number of uncertainties, businesses across the different sectors have shown some signs of improvement in the recent quarter, but many still threw in some pretty stale to negative outlook for the remainder of 2010. This coming Friday will be a key trading session with the fundamental June jobs figures hitting the wire pre-market. Economists fear that data could be shifting towards the bear caves, and this could be a spoiler not just for the long weekend as Americans get ready for Independence Day, but for next week trading sessions as investors might drop their bullishness and put on their bear's furs. To add to the suspense, the whole of next week will see releases of several crucial economic reports. It remains to be seen whether starting this Friday, investors and the whole economy will be entering a mine field or a bed of roses (full of thorns and yet a dose of hope). Amidst the string of economic data due to be released, the consumer electronics space is seeing some exciting developments.

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Best Buy has been actively building its sales strategy for this summer as it continues to set new competitive benchmark for its all time competitors RadioShack Corp. (NYSE: RSH) and Wal-Mart. Not only has the company been successful with its Best Buy Mobile Stores, but it is now looking to tap into the traditional high-margin business of U.S. largest video games and consoles retailer, GameStop. Best Buy recently announced that it will be targeting diehard gamers with its gift cards in exchange of used games. GameStop had built a successful model from buying used games from avid game players who would end up spending the money almost instantly at its stores. With Best Buy in the picture, GameStop might see its earnings under the threat.

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With Best Buy showing growing competitiveness of late many industry experts believe that the downfall of many high profile players in this space during the recession could be a major catalyst to the company's current dynamism. But Wall Street remains blasé by Best Buy as the company had provided a disappointing result in its most recent quarter. They also anticipate that the company has a difficult road ahead as it is facing fierce price competition from all time rival Wal-Mart and other competitors like hhgregg Inc. (NYSE: HGG).

Whilst many electronic stores are looking forward for positive summer sales figures, the upcoming economic data could well be the catalyst that would either boost or break investors' confidence in the economic recovery and its impact on discretionary spending.

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