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| Equity Market News | 19th May 2012 | |
Equity Org Headlines:Essar Energy adds 3 percent in mostly lower London energy sectorAntofagasta leads miners higher in London Hunting plc leads energy sector lower Sports Direct International leads London retailers higher Pace plc drops 40 percent on profits warning Royal Bank of Scotland leads London banks lower Royal Bank of Scotland leads banks, FTSE 100 higher in London Lloyds Banking Group drops 8 percent on first-quarter loss Lloyds shares down on PPI claims Aquarius Platinum adds 7 percent amid mostly lower mining sector |
01/04/05US electronics giant shapes upBest Buy, the largest consumer electronics retailer in the U.S., is trying a new strategy to increase sales. They have already remodeled 67 stores into a new, non-traditional store model in which each store targets one or two specific types of client in an effort to take advantage of niche markets. This venture into niche marketing seems to be working; Best Buy has reported that the restructured stores report sales increases of 8.4 percent, in comparison to a sales increase of 2.3 percent at its traditionally-configured stores. Best Buy has announced its intention to convert 250 to 300 of its over 800 stores to the new model by the end of next year. In another move to increase sales, Best Buy also has plans to increase its new computer repair services and extend this service to small businesses in certain markets. To accomplish this, Best Buy will add 5,000 new repair service employees to the 7,000 “Geek Squad” employees it already has. |
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