This Week In Consumer Electronics Retailing

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March 9, 2015 Best Buy Fueling Across-The-Board Initiatives Minneapolis — Refusing to rest on its laurels after delivering its best quarterly performance in years, Best Buy said it will invest an additional $120 million in the business during its current fiscal year and is upping its capital expenditures by as much as $150 million. Sony Phasing Out Its Retail Stores Beverly Hills, Calif. — Sony president Mike Fasulo said today that Sony will phase out eight of its remaining 10 company-operated Sony Stores, but will expand its retail footprint through the dealer channel by rolling out about 100 more Sony Experience in-store shops. Target Investing $2B In Growth Initiatives New York — Target will invest upward of $2.2 billion in capital expenditures this year, including $1 billion in technology and supply chain, Conn's Comps Hit Snag The Woodlands, Texas — Severe winter weather, tighter consumer credit, tough prior-year comparisons and the West Coast port disruptions took a toll on Conn's February same-store sales. TigerDirect Signs Shark Tank's O'Leary Miami — IT and A/V specialty chain TigerDirect has signed entrepreneur and celebrity investor Kevin O'Leary as spokesman for the company's B-to-B unit. Tweet of the Week AlanWolf_TWICE: Declaration of Independents: Nationwide Marketing Group sees fresh opportunities in marketplace disruption. Reader Talkback On Best Buy Q4 Earnings Soar 77% {Nate} "... Kudos to their entire team, top to bottom. — A Fellow Consumer Electronics Retail Executive." Slideshow Mega Group USA's National Convention in San Antonio Feb. 15-18

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