Target wants to eliminate showrooming by matching Amazon prices

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Target Corp. introduced an online price-matching program just for the holiday season, but now it looks like it’s permanent. The Minneapolis-based retailer announced today that it will allow customers to use Amazon prices for its products on year-round basis. The company will do the same for prices from Best Buy, Walmart and Toys R Us, but Amazon… Read More…

Best Buy’s top geek Stephen Gillett resigns after 9 months

Stephen Gillett. Photo: Annie Laurie Malarkey

It was a big deal earlier this year when Best Buy lured Stephen Gillett away from Starbucks to lead digital efforts for the Minneapolis  consumer electronics retailer. But shortly after Gillett’s arrival in March, Best Buy entered a tailspin. The stock — down nearly 50 percent this year — continued to fall after management changes… Read More…

Best Buy looks to retain customers, plans to match Amazon on price

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Wal-Mart earlier this week threw down the gauntlet on Amazon.com, announcing that it plans to offer same-day delivery in some markets this holiday season. Now, it’s Best Buy’s turn. The electronics retailer is planning to match the prices of Amazon.com this holiday season, with The Wall Street Journal reporting today that the strategy is an… Read More…

Open secret: Rhapsody tops $35 million in quarterly revenue, gets closer to profit

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Rhapsody, the subscription music service based in downtown Seattle, has been a private company since spinning off from RealNetworks as a standalone venture. That means Rhapsody doesn’t report its quarterly numbers publicly. But Rhapsody’s financial results are actually revealed in an ongoing series of little-noticed footnotes in RealNetworks’ regulatory filings with the SEC. Using those footnotes,… Read More…