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Google retail stores may open this year in U.S.

Citing an "extremely reliable source", 9to5Google reports that the iconic search company intends to launch its own network of brick-and-mortar retail stores across the United States. According to the report, the company hopes to introduce a select number of these…

Best Buy names Hubert Joly as new CEO

Best Buy has announced that Hubert Joly, the former head of hospitality and travel company Carlson, will take over as permanent CEO effective September 2012. Joly will replace interim chief G. Mike Mikan who has held the position since April…

Sony, Samsung start enforcing minimum prices on HDTVs

Amid declining global sales, Sony and Samsung are instructing US retailers to maintain minimum prices for televisions to increase profitability, according to the Wall Street Journal. The move is expected to help protect profits of both manufacturers as well as retailers such as Best Buy...