"It's like rearranging the deck chairs on a sinking ship." So goes the oft-used simile that references the legendary 1912 sinking of the RMS Titanic. The phrase has been used to describe everything from government disfunction to professional sports disappointment. (Andy Reid, I'm looking at you.) But today, I will apply it to the business of big box, brick-and-mortar consumer technology retail. And there's no bigger ship in this shrinking sea than Best Buy, the American electronics retailer.
Apple plans to hold a sale at its retail stores and online Friday in step with Black Friday, the day after Thanksgiving which marks the official beginning of the holiday shopping season.
Details on which products will be discounted and by how much were not included, however that list typically leaks out in the days ahead of the sale. Last year's sale brought discounts anywhere from $41 to $61 on Apple's iPad 2, and $101 on Apple's … Read more
The electronics giant will open its first retail store in Brazil, it confirmed in an email to Brazilian press.
The company didn't specify when the store will open or where it will be located in the city.
Here's the full statement from Apple, via Brazilian reports:
"We look forward to the opening of the first Apple Store in Brazil, where we have longstanding customers and hope to win many more every day. We cannot wait to offer the unique Apple retail experience to the people of Rio de Janeiro and … Read more
Apple's retail stores have once again nabbed the top spot when it comes to sales per square foot.
According to research firm RetailSails, compared with more than 200 chains in 15 different retail genres, Apple brought in the most money per square foot at its stores during the year.
According to the rankings (seen right), Apple made $6,050 per square foot during 2012, a little more than twice that of the runner-up, jewelry maker Tiffany & Co., which brought in $3,017 per square foot. By comparison, RetailSails pegged Apple for $5,626 per square foot in its … Read more
The best kind of golf course is one where it's only you and the lovely lady who just took her CEO ex-husband to the cleaners.
Who wants to go to a bar where it takes you half an hour to get a drink -- and even then it's been poured with all the attention of a child being asked to clean their shoes?
Yet Apple stores are beginning to resemble farmer's markets just before Thanksgiving. Or Wal-Mart just after -- minus the punching, kicking, and gouging.
Have you ever walked past one that isn't crammed full … Read more
Staples is the latest retailer to get Amazon Lockers, a new report claims.
A Staples spokeswoman yesterday told Reuters that its stores will soon have the so-called "Amazon Lockers" at locations around the U.S. The agreement is an important one for Amazon, which is trying to get more of its lockers into stores around the U.S. Amazon has previously inked deals with 7-Eleven, among other companies, to install lockers.
Amazon Lockers launched last year as part of a strategy to offer a quasi-in-store pickup service, similar to those offered at Best Buy and Wal-Mart. After purchasing … Read more
Right on schedule, Apple's latest pair of tablets are on store shelves. Around the world, that is.
Retail sales of the iPad Mini and fourth-generation iPad began in New Zealand -- where it's already well into Friday -- and are now rolling into other countries.
The launch is Apple's biggest yet for an iPad at 34 countries, up from the 10 that got the company's third-generation model in mid-March.
When there was no choice about shopping, stores did as they pleased.
If they decided that the holiday season began when the clocks went back, then shoppers had to endure it.
Now, however, shoppers don't have to populate malls where the restrooms are clean, but the fountains are dirty.
Now, they have the Web.
It seems, indeed, that this year might represent an even greater rebellion against holiday decorations adorning stores before Thanksgiving.
I am speaking with the assurance of a drunken pollster, because I have before my eyes a survey performed on behalf of a cloud and mobile … Read more
Apple's retail empire is still expanding.
The company today said it plans to open another 30 to 35 retail stores during its 2013 fiscal year, which wraps up next September. About three-quarters of those stores would be located outside the United States, the company said.
The mention came inside the company's annual report, which was filed with the U.S. Securities and Exchange Commission this afternoon. Apple added that it plans to spend about $850 million on the expansion, as well as investment into its current retail infrastructure.
The plans fall in line with Apple's retail store … Read more
Apple is once again on the hunt for someone to run its still-growing retail empire.
The company today said John Browett, who it hired from U.K. electronics retail chain Dixons, is leaving the company after a six-month stint.
Apple now says it's in the midst of finding a replacement, and in the meantime, its "retail team will report directly to (CEO) Tim Cook."
Browett started near the end of April, and was given a compensation package worth north of $61 million. It took Apple more than seven months to hire him after the departure of Ron … Read more