Aaron’s Produces Positive Results In Second Quarter
Aaron’s reported a positive second quarter with a rise in overall revenues following its acquisition of SEI, the company’s largest franchisee.
Aaron’s reported a positive second quarter with a rise in overall revenues following its acquisition of SEI, the company’s largest franchisee.
Best Buy is rolling out a Dyson Demo Experiences section in select stores to showcase the brand’s floor care, personal care and home environment assortments.
Aaron’s, Inc. has acquired substantially all of the assets of its largest franchisee, SEI/Aaron’s, Inc., in an all-cash transaction valued at approximately $140 million.
Rent-A-Center has rejected a proposal from Vintage Capital Management to acquire the retailer in a go-private transaction that was valued at $15 per share.
Newegg has unveiled plans to expand its global e-commerce reach to dozens of countries in key parts of Asia Pacific, Europe, Latin America and the Middle East. Once complete, Newegg said it will reach customers in a total of 50 countries.
Best Buy reported a solid start to its fiscal year as strong growth in gaming and mobile along with double-digit gains in online sales were cited by company officials as key drivers.
In the fourth quarter, ended January 31, when it emphasized margin over sales growth, Conn’s recorded a net loss of $74,000, or $0 per diluted share, versus net income of $1.1 million, or three cents per diluted share, in the year-previous period.
According to the United States Census Bureau, February retail trade sales gained 0.1% versus January and 5.9% versus February 2016.
After a series of setbacks, including poor holiday sales and delisting by the New York Stock Exchange, hhgregg has filed Chapter 11 bankruptcy protection and announced that it has found a buyer for the 132-store business that would emerge from the legal process.
The holiday season was far from bright for home electronics retailer hhgregg, which reported a double-digit drop in comparable store sales for the company’s fiscal year third quarter.