Scalper1 News
Sony’s (SNE) plan to close 20 of its 31 U.S. retail stores is likely good news for consumer electronics retailer Best Buy (BBY). Consumers looking to buy Sony televisions, digital cameras, audio equipment and other gadgets will turn to independent retailers like Best Buy in the affected markets. In addition, Best Buy has been setting aside floor space for manufacturers looking to run product showcases and could do so for Sony. On Thursday, Best Buy reported that it had opened 1,400 Samsung and 600 Microsoft (MSFT) Windows stores-within-a-store as of Feb. 1. It also operates Apple (AAPL) product showcases in its stores. During the holiday season, Google (GOOG) set up display tablets and end caps in 750 large-format Best Buy stores to show off Android tablets, Chromebook notebooks and Chromecast streaming video players. On a conference call with analysts Thursday, Best Buy CEO hinted at more opportunities for product showcases… Scalper1 News
Scalper1 News