Word: pricings
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...analyst at Pacific Crest Securities. According to the Consumer Electronics Association, 80% of adults say they intend to purchase technology as a gift this year, the highest figure in the 16 years the organization has tracked holiday shopping patterns. On Monday, Dec. 13, Citigroup analyst Kate McShane raised her price target for Best Buy, the country's dominant electronics retailer, from $40 to $45 per share. "We are seeing stronger traffic at [Best Buy] in its laptop, Geek Squad and video-game sections, while traffic remains healthy in TVs and digital cameras," she wrote in a research note...
What's igniting electronics? The primary factor is price. After Circuit City went out of business earlier this year, you might have thought that Best Buy would use its "last man standing" status to its advantage and hold firm on prices. But other retailers decided they wanted a piece of Circuit City's pie. And to the benefit of holiday shoppers, one of those retailers is Walmart. For example, according to the website TVpredictions.com, Walmart offered a Blu-ray player for $78 on Black Friday, raised the price to more than $100 over the next few weeks and then lowered...
...Spaceport America, a collaborative effort between the state and Richard Branson's space enterprise, Virgin Galactic, that hopes to send private citizens into near orbit as early as 2011. New Mexico is spending $198 million on construction; Virgin Galactic will lease the place for 20 years at a price of $200 million to $250 million. (See pictures of billionaire Richard Branson...
...tattoos. And gamble. So the 103% occupancy rates RCL has maintained through the recession have been worth the deep discounting. "It's been a frustrating time," admits Goldstein, "but in this downturn it's critical to satisfy our customers and hope they'll come back and pay a higher price...
During the congress, delegates divided into small groups to discuss tangible solutions to the climate emergency. Recommendations included eliminating all street parking by 2020, raising the price of parking permits, and working with nearby institutions to research and publish reports on green initiatives in an effort to educate the public...