finances

Tuesday, January 6, 2009
Business

What ‘Major Divisions’ Is Sony Shuttering Next Month?

12:30AM Matt Buchanan | We’d already heard Sony is planning deep layoffs—16,000 workers gone—but now the Times of London says that it’s gearing up for a bunch of “sacred cow-slaying” measures, including the closure “of several major divisions.” More »
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Friday, December 26, 2008
Gadgets

Financiapocalypse Kneecaps Christmas Gadget Sales

10:36PM John Herrman | Analysts knew it would be bad, but not this bad. Retail sales this year are down 5.5% in November and 8% in December overall, but electronics specifically fell by an astounding 27%. More »
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Wednesday, December 17, 2008
Business

EzyDVD Goes Into Receivership

4:37PM Nick Broughall | According to the ABC, EzyDVD has gone into receivership today. They’re hopeful that they’ll be able to save the company from complete destruction, and blame their current predicament on trading losses and lacklustre sales. But I guess that means that we won’t be seeing their digital movie store happening any time soon, if ever. Here’s hoping they manage to stay afloat in these tough economic times – even though they don’t really venture too far below the RRP for their movies, they do have a pretty extensive selection, and their Beat the Bomb sales are always good value… [ABC] More »
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Sunday, November 16, 2008
Computers

Which PC Maker Can Weather the Economic Collapse?

8:30AM Gizmodo US Edition | CNET has a story on the suitability of the major PC manufacturers’ lines to survival in these tough economic times. There will be fewer people shopping for new PCs, and more notably, fewer businesses, and these manufacturers will have to make solid strategic moves to make it out (relatively) unscathed. So out of the top five PC makers, who’s got what it takes? More »
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Thursday, November 13, 2008
Business

Best Buy Hunkers Down, Focuses on Customer Service

5:00AM Mark Wilson | Today, Best Buy’s President and Chief Operating Officer called today’s sales climate the worst he’s seen in 42 years, citing that “People are making dramatic changes in how much they spend, and we’re not immune from those forces.” Indeed, we’ve already heard from an inside source that Best Buy has quietly restructured their high-end Magnolia department, reducing expenditures to pre-holiday levels and cross training the employees to work in the normal home theatre department. Now an internal memo leaked by The Consumerist explains how else Best Buy plans to cope on a wider scale: More »
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