A Brief Overview of the Electronics Stores Space
28 6월 2010 - 9:29PM
Marketwired
-- 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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HHGREGG (CE) (USOTC:HGGGQ)
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HHGREGG (CE) (USOTC:HGGGQ)
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HHGREGG Inc (CE) (OTC 시장)의 실시간 뉴스: 최근 기사 0
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