Widgets Magazine

1 & Only B&M / Online Retailers News Thread

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • [DVD/BD] 1 & Only B&M / Online Retailers News Thread

    Widgets Magazine
    This thread will compile various news in regards to B&M (brick & mortar) / online retailers that sells anime in some capacity.

  • #2
    Re: 1 & Only B&M / Online Retailers News Thread

    via Home Media Magazine
    Reversal of Fortune: Trans World Posts 34% Q4 Profit Surge
    1 Mar, 2012

    Last major standalone entertainment retailer posts $2.2 million profit in 2011 compared to $31 million loss in 2010

    Trans World Entertainment Corp. March 1 reported fourth-quarter (ended Jan. 28) net income of $16.5 million, up 34% from net income of $12.4 million during the previous-year period. For the 2011 fiscal year, Trans World reported net income of $2.2 million, compared with a loss of $31 million in 2010.

    Albany, N.Y.-based Trans World operates 390 f.y.e. (For Your Entertainment) retail stores selling new-release movies and music CDs, among other ancillary items. It also operates Second Spin stores that buy and sell used packaged media.

    The results are significant considering consumer migration toward lower-cost home entertainment rental options such as kiosks and subscription video-on-demand.

    Indeed, comparable store sales for the quarter were down 1%, compared with the same quarter last year. For the quarter, total sales decreased 17% to $193.1 million, compared with $231.3 million in 2010. For the year, revenue topped $542 million, compared with sales of $652 million in 2010.

    During the quarter, Trans World operated an average of 427 stores compared to 514 stores last year, a 17% decline.

    “The fourth quarter marked our eighth consecutive quarter of improved operating results,” said CEO Robert Higgins. “These results reflect the commitment, hard work and dedication of our associates, who provide our customers with a strong selection, value and exceptional customer service. We look forward to continued success in fiscal 2012.”

    Comment


    • #3
      Re: 1 & Only B&M / Online Retailers News Thread

      LINK | http://www.funimation.com/anime-shop-locator
      There's a new section on our website that allows you to find anime in your area. This map and list shows all the independent comic and hobby stores that sell anime. More stores are being added to this list weekly.

      Can’t find your favorite local store on this list? Tell your retailer to go to http://www.rightstuf.com/rssite/jumpStart/ to have them sign up to carry anime in their store.

      Comment


      • #4
        Re: 1 & Only B&M / Online Retailers News Thread

        via HomeMediaMagazine.com
        Best Buy Posts $1.7B Loss, Shuttering 50 Big Box Stores
        29 Mar, 2012

        Best Buy Co. March 29 reported a fourth-quarter (ended March 3) net loss of nearly $1.7 billion, compared with net income of $651 million during the previous-year period. Global sales increased 3% to $16.6 billion from $16 billion last year.

        Much of the loss included $2.6 billion in impairment charges ($1.2 billion) and writedowns related to the purchase of Carphone Warehous Group's interest in Best Buy Mobile, in addtion to the restructuring costs at Best Buy Europe.

        Without the charges, the Minneapolis-based consumer electronics retailer actually posted operating income of $1.3 billion. Indeed, same-store sales decline narrowed to 2.4% from 4.7% during the previous-year period.

        The Minneapolis-based consumer electronics retailer said it would shutter 50 big box stores in the current (2013) fiscal year as it plans to cut $800 million in costs through 2015, including $250 million this year. It plans to open 100 smaller footprint Best Buy Mobile stand alone stores during the same period.

        Best Buy ended 2011 operating more than 1,000 stores in the United States. It plans to operate 600 to 800 Mobile stores in the coming years, up from 305 stores today.

        The No. 1 CE retailer said the restructuring, which includes $300 million at retail stores, $300 million at the corporate level and $200 million in cost-of-goods sold, reflects ongoing changes in consumer transactions, which increasingly occur online and at competing national retailers.

        Cuts reportedly include 400 positions at both the corporate and retail levels. Best Buy employed about 180,000 full-time, part-time and seasonal workers at the end of 2011, according to company records.

        "As part of our multichannel strategy, we intend to strengthen our portfolio of store formats and footprints — closing some big box stores, modifying others to our enhanced connected store format, and adding Best Buy Mobile stand-alone locations — all to provide a better shopping environment for our customers across multiple channels while increasing points of presence, and to improve performance and profitability,” said CEO Brian Dunn in a statement.

        "We intend to invest some of these cost savings into offering new and improved customer experiences and competitive prices — which will help drive revenue. And, over time, we expect some of the savings will fall to the bottom line. At the same time, we will continue to accelerate our key initiatives — growing connections and services, expanding our digital capabilities and growing our business in China."

        Best Buy plans to open 50 Five Star big box stores in the communist country this year, including 14 mobile, store-within-a-store concepts.

        Comment


        • #5
          Re: 1 & Only B&M / Online Retailers News Thread

          Best Buy Closing Stores List (via CNET)

          Comment


          • #6
            Re: 1 & Only B&M / Online Retailers News Thread

            via CR news (Humberto Saabedra): The Business: On Best Buy's Recent Issues and How Anime is (Already) Affected

            Comment


            • #7
              Re: 1 & Only B&M / Online Retailers News Thread

              http://www.window.state.tx.us/news20...27-Amazon.html
              For Immediate Release

              April 27, 2012

              Texas, Amazon Announce Agreement to Create Jobs

              Online Retailer and Texas Leadership Call for Federal Action on Sales Tax

              (AUSTIN, TX and SEATTLE, WA) — Texas Comptroller of Public Accounts Susan Combs and Amazon.com, Inc. today announced an agreement that will lead to the creation of thousands of new jobs in Texas by the online retailer.

              According to the agreement between the Comptroller of Public Accounts and Amazon, the Company plans over the next four years to create at least 2,500 jobs and make at least $200 million in capital investments in the state and will begin to collect and remit Texas sales tax on July 1, 2012. The agreement resolves all sales tax issues between Texas and Amazon.

              “We thank Amazon for partnering with us to find a solution that works for our state,” said Combs. “This is an important step in leveling the playing field in Texas; however, Congress should enact federal legislation that will give states access to revenues that are already due, which would resolve this issue fairly for all retailers and all states.”

              “Amazon looks forward to creating thousands of new jobs in Texas and we appreciate Comptroller Combs working with us to advance federal legislation,” said Amazon Vice President of Global Public Policy Paul Misener. “We strongly support the creation of a simplified and equitable federal framework, because Congressional action will protect states’ rights, level the playing field for all sellers, and give states like Texas the ability to obtain all the sales tax revenue that is already due.”
              Last edited by WTK; 04-29-2012, 05:51 PM.

              Comment


              • #8
                Re: 1 & Only B&M / Online Retailers News Thread

                While I don't particularly like this, it is needed as people buy less from B&M stores in the state, which of course lowers sales taxes going into state and city coffers.
                My DVD List: DVDAficianado / DVDProfiler - My Manga: ANN Manga - Visible collection (includes non-anime - current as of Sept 27th)

                Comment


                • #9
                  Re: 1 & Only B&M / Online Retailers News Thread

                  via HomeMediaMagazine.com
                  Hastings Doubles Quarterly Profit
                  21 May, 2012

                  Hastings Entertainment May 21 reported first-quarter (ended April 30) net income of $833,000, up more than twice net income of $413,000 during the previous-year period.

                  Amarillo, Texas-based Hastings operates 138 stores in the southwest selling (and renting) movies, music CDs, consumer electronics and trends.

                  Revenue dropped 7% to $115.5 million, compared with $124.1 million last year. The sales decline underscored ongoing challenges in physical media retail, including sales of movies, music and books, according to CEO John Marmaduke.

                  Same-store sales of movies narrowed to a 3.7% decline in the quarter compared to a drop of 6.5% during the same period last year.

                  Packaged media movie sales fell due to lower sales of new and used DVDs, along with DVD boxed sets, partially offset by an increase in sales of new and used Blu-ray Disc movies.

                  Movie rental revenue dropped 16.5% to $15.8 million from $19.5 million last year. Same-store rental comps decreased 15.4% for the quarter and were negatively impacted by a continued lower quality of new releases and by competitor rental kiosks and subscription-based rental services.

                  “Movies continue to be impacted by the increasing growth of rental kiosks [Redbox] and subscription-based services [Netflix, Amazon Prime and Hulu Plus] in movie rentals,” Marmaduke said in a statement.

                  Comment


                  • #10
                    Re: 1 & Only B&M / Online Retailers News Thread

                    via Yahoo! News | source
                    Best Buy profit falls, adj. earns tops Street view

                    MINNEAPOLIS (AP) — Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan.

                    Its adjusted earnings and revenue both topped Wall Street's expectations, briefly sending Best Buy shares up 7 percent in premarket trading before turning lower.

                    The results provided some sorely needed good news for the electronics chain, which is attempting to update its increasingly outmoded "big-box" store model, as competition from discounters and online retailers remains tough. It is also seeking a new CEO after Brian Dunn abruptly resigned in April.

                    Best Buy said U.S. sales growth in tablets, mobile phones, e-readers and appliances helped offset declines notebooks, gaming, digital imaging and TVs during the quarter.

                    Still, revenue in stores open at least one year, a key retail metric, fell 5.3 percent during the quarter, dragged down by weakness in Europe and China. The measure includes online sales and excludes stores that have opened or closed over the past two years.

                    Best Buy has been shrinking store size and focusing on its more profitable business in an effort to combat the so-called "showrooming" of its stores — when people browse at Best Buy but purchase electronics goods elsewhere. In April it announced a major restructuring that includes closing stores, cutting 400 jobs and trimming $800 million in costs.

                    "We know we have to better adapt to the new realities of the marketplace, and we are creating a long-term plan designed to make Best Buy more relevant with customers, and position the company for sustained, profitable returns in the years ahead," said interim CEO Mike Mikan.

                    In addition, Best Buy is facing turmoil in its executive ranks. In April, an internal investigation found that Dunn violated company policy by having an inappropriate relationship with a female employee. That investigation also resulted in the ouster of founder and chairman Richard Schulze, who knew about the relationship and failed to alert the board or human resources. Chief Marketing Officer Barry Judge also recently left the company.

                    The Minneapolis-based company reported net income fell to $158 million, or 46 cents per share, in the three months ended May 5. That's down from $212 million, or 53 cents per share, a year ago.

                    Excluding restructuring charges, earnings were 72 cents per share. Analysts expected 59 cents per share, according to FactSet.

                    Revenue rose 2 percent to $11.61 billion, aided by an extra week. Domestic revenue rose 5 percent to $8.82 billion, but international revenue fell 6 percent to $2.79 billion on weakness in China and Europe. Wall Street expected $11.5 billion.

                    Best Buy affirmed its adjusted 2013 net income guidance of $3.50 to $3.80, excluding restructuring charges. Analysts expect $3.60 per share.

                    Shares fell 17 cents to $18 per share 45 minutes ahead of the market opening after rising as high as $19.73 shortly after reporting its earnings.

                    Comment


                    • #11
                      Re: 1 & Only B&M / Online Retailers News Thread

                      via ICv2
                      News Flash: Video Chain Profitable!

                      TWE Has Good Q1

                      Published: 05/22/2012 03:08am

                      Trans World Entertainment, which operates 400 F.Y.E. and Suncoast stores, reported a $2.8 million profit for Q1, compared to a $2.5 million loss in Q1 2011. TWE returned to profitability in 2011, its first profitable year since 2006. Same store video sales were up 6%. "Trend" sales, which includes licensed goods, manga, and other graphic novels, were up 15%. Electronics sales also grew, and music was down.

                      Over-all sales were down 15%, as was the store count from a year ago. Still, it’s impressive that a chain selling packaged media has turned profitable despite increasing digitization of video and music and continuing tough economic conditions.

                      Comment


                      • #12
                        Re: 1 & Only B&M / Online Retailers News Thread

                        via CNET News
                        New Jersey residents to pay sales tax on Amazon purchases

                        Governor's administration makes deal with retail giant to open distribution centers and begin collecting tax.

                        by Donna Tam May 30, 2012 6:27 PM PDT

                        New Jersey residents ordering from Amazon will pay sales tax on their purchases next year, the state's governor announced today.

                        Gov. Chris Christie said his office has reached an agreement with the company, which plans to begin construction on two "state-of-the-art" fulfillment distribution center facilities in New Jersey next year. While the center is expected to create several thousands jobs, Amazon will also start collecting taxes as part of the deal, according to a press release.

                        Amazon will start collecting sales tax by July, 1 2013, unless federal legislators can establish legislation for sales tax collection from out-of-state retailers before then.

                        The company currently collects sales tax on purchases made in Kansas, Kentucky, New York, North Dakota and Washington, according to its Web site. The retail giant has long resisted collecting taxes, threatening to shut down distribution centers in protest.

                        Distribution facilities help sellers store products before they are shipped to customers. In New Jersey, the new centers are expected to result in at least $130 million in capital investment and create more than 1,500 full-time jobs, according to the governor's press release.

                        Comment


                        • #13
                          Re: 1 & Only B&M / Online Retailers News Thread

                          Looks like that ball is just going to keep rolling, one state at a time.
                          Avatar: Chihaya Ayase from Chihayafuru
                          Maintainer of the Locked Subtitle Tracking Thread

                          Comment


                          • #14
                            Re: 1 & Only B&M / Online Retailers News Thread

                            Originally posted by Mc-Taz View Post
                            Looks like that ball is just going to keep rolling, one state at a time.
                            It sure does. Unfortunately, neighboring two states that they will be or are taxing and the fact that PA added a line to individual tax returns about use tax this year, it seems inevitable that it will be coming here soon too.
                            MAL Profile | My Figure Collection | Twitter

                            Comment


                            • #15
                              Re: 1 & Only B&M / Online Retailers News Thread

                              Originally posted by malazar View Post
                              Originally posted by Mc-Taz View Post
                              Looks like that ball is just going to keep rolling, one state at a time.
                              It sure does. Unfortunately, neighboring two states that they will be or are taxing and the fact that PA added a line to individual tax returns about use tax this year, it seems inevitable that it will be coming here soon too.
                              That wasn't added this year. It's actually been on PA's tax forms for several years now. However, in the case of Amazon it doesnt really matter as PA residents have to pay sales tax anyway. The company owns at least four distribution centers here.

                              Comment

                              Widgets Magazine
                              Widgets Magazine

                              Channels

                              Collapse

                              Widgets Magazine
                              Widgets Magazine
                              Working...
                              X