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Best Buy founder ever closer to finalizing company buyout bid
Best Buy founder Richard Schulze may have stepped down as chairman of the board, but he's certainly not out. His plan to buy the turbulent company has reached the next step -- an agreement which pre-empts the formal offer. Schulze now has access to all the private numbers he'll need to put together an investor group within the 60-day timeframe. And, if this round is unsuccessful, it'll be next January before another bid can go to the Board of Directors, followed by direct shareholder offers if the second attempt fails. Given that Schulze owns 20 percent of Best Buy, he gets two seats-worth of voting power as long as he sticks to the agreed process. So, with a new CEO taking the reigns in September and the acquisition machinery in top gear, is there fresh hope for the big box retailer?
Sprint's share of iPhone sales at big box stores double that at Apple retailers
A new study by CIRP shows that even though Sprint is finally carrying the iPhone in the U.S., it might have come a little too late to the party. According to the study, Sprint is selling twice as many iPhones at big box retail stores like Best Buy than it's selling at Apple Stores. That's interesting, mostly because AT&T and Verizon's sales are about the same share in both places. So why is Sprint at such a disadvantage in Apple Stores as compared to more traditional places like Best Buy? CIRP says it's simply because both users and retailers are more used to AT&T and Verizon selling the iPhone, and that Sprint might have fallen back simply because it only started selling the iPhone recently. When current AT&T or Verizon users go to upgrade their phone, or when new users go to pick up a phone, Sprint ends up being last on the list at the Apple Store. AT&T's got the original base of users, Verizon has the folks who were waiting for a second carrier and Sprint has gotten lost in the mix. Sprint didn't confirm this information, and realistically, outside of working on a better partnership with Apple or separate advertising, there's not a lot it can do to beef up its Apple Store sales. But it is interesting to hear that Sprint might have arrived slightly late to the iPhone party. [via MacRumors]
Kindle joins Nook and Kobo on Walmart store shelves
The tablet market is still a one-horse race, but e-readers continue to ramp, and Walmart wants another piece of that precious pie at big box retail. Starting this week, the online retailer will deliver shipments of Amazon's mighty Kindle 3G and ad-supported Kindle to over 3,200 Walmart stores across the US, where it will join the Nook and Kobo e-readers in competing for shelf space. Could this be the beginning of another e-reader price war? Perhaps not yet, but it could be one more retail channel for Amazon's ethereal tablet.
iPad on sale at some Sam's Club stores, stuffed in between the treehouses and turkeys
If you've never been to a Sam's Club, well you're missing out on a seriously authentic American experience. The sheer quantity of goods should -- and most likely will -- overwhelm you as you cram the largest box of cereal you've ever seen into your shopping cart. Well, the cornucopia of products on offer has apparently been increased by one lately. That's right, it looks like Sam's Club is now selling the Apple iPad, according to several tips sent into 9 to 5 Mac. The pricing doesn't look bad: $488 for a 16GB WiFi-only model and $609 for the 3G model. Hey, you had to pick up a mega pack of tinsel this weekend anyway, right?
Foxconn makes designs on the Chinese retail market, gives laborers $25,000 to start stores
Three months ago, the compensation of Chinese laborers was low enough that those who built an iPhone couldn't dream of buying one, but the spending power of China in general has increased enough that electronics giant Foxconn (aka Hon Hai Precision Industries) is actually planning to sell such goods in those laborers' home country. The Wall Street Journal reports that the company will open ten large electronics stores in Shanghai by the end of 2011, and extend its existing chains of smaller retail stores and booths around the country by about 50 and 200 respectively. The plans aren't all focused on middle- and upper-class Chinese, as they provide provision for those aforementioned laborers as well -- on top of several recent wage increases, Foxconn would reportedly provide $25,000 to employees to help start up electronics stores in their hometowns. We wonder how many iPads a laborer would have to sell to afford one of their own.
Sam's Club soon offering free WiFi in all US locations
Hit a Sam's Club on a weekend afternoon and you'll notice not everyone is there to stock up on raisin bran and Fruit Loops. Some come to sample the wares; running to toaster ovens staffed by kind old ladies and tearing freshly warmed Hot Pockets from their arthritic hands. Soon shoppers will have another thing to pilfer: the internet. Sam's Club is working with AT&T to add free WiFi to all its stores by November, allowing shoppers to tell their Facebook friends how many bulk packs of toilet paper they can stuff in those giant shopping carts. The store will also enable connectivity for its IPTVs so that customers can sample Pandora on the like before deciding which set to take home. No word on whether stores will feature associates pulling WiFi access codes out of toaster ovens in batches of 10 at a time, but we sure hope so -- that kind of thing just adds to the fun of the hunt.
'The Shack' downsizes, opens Bullseye Mobile kiosks in many Target stores
Radio Shack is at it again, expanding your perceptions of the place that once actually sold radio components. A year after that ill-received 'The Shack' marketing campaign the company is now making a rather more substantial move, securing an arrangement with Target stores to see the creation of so-called Bullseye Mobile kiosks. This has started with a 100-store pilot program but, throughout this year and into summer next, the expectation is to prop them up in 1,750 big box locations. Something tells us they won't all be wired up for WiMAX, but we can hope. [Thanks, Breon]
Nikon D300s spotted and tested at Best Buy with its little brother, still does that jelly video thing
If you were wondering when you'd be able to get your hands on the Nikon D300s and its 720p/24 movie mode, the answer is... yesterday, apparently. The cam was spotted (along with the lower-rent D3000) at a big box Best Buy, and a bit of testing was performed -- an admittedly limited bit, but there's only so much you can do when the cam is bolted to those annoying six-inch tethers. The updated video recording mode was the thing that underwent most scrutiny, and while the new auto-focus seemed to work reasonably well (if slowly -- and noisily) on stationary objects, swinging the camera back and forth resulted in the same jelly-time sloshing effect we've seen on the D5000 and D90 before it, as seen in the video embedded below. Maybe its time for that 12.3 megapixel CMOS to hit the gym and tone up a bit, Nikon.
Best Buy sued for violating its Price Match policy on purpose
Last Thursday, the U.S. District Court, Southern District approved a motion for a class-action suit filed by plaintiff Thomas Jermyn in New York State against Best Buy. Essentially, this suit will claim that Best Buy is in "extreme" violation of its own Price Match policy, and that it uses the advertised policy as a way to scam consumers into the stores and purchase gear. Best Buy's Price Match policy is "undisclosed," meaning that we don't know how it actually operates -- and the suit claims that the company routinely denies the Price Match policy -- as a matter of a lesser known, less cooler policy. The law offices charged with filing the suit are asking that consumers who have been affected by the policy get on the bandwagon. Next up: we file suit against them for using the name "Best Buy" when they are totally not.[Via IGN]
LG's BH100 HD DVD / Blu-ray player officially hits stores
After the world's first HD DVD / Blu-ray hybrid player has been talked about forever, showcased at CES, rumored around a bit more, received a price tag, hit a potential production snag, shown up in stores anyway, withstood a review, and smiled real pretty for the camera, what else is there to do? Ah, yes, we must make things official. Nearly three weeks after LG's BH100 went on sale in a variety of big box retailers, the player is just now becoming an item that's "officially on sale," and should be taking over the DVD player section of your nearest Best Buy, Circuit City, and CompUSA locations. No, it's not receiving any kind of price cut just yet, and it still doesn't rock the official HD DVD seal of approval, but now you can pick up a two-in-one player of your very own with LG's belated acknowledgement.
Circuit City back compat rip-off
For the bargain price of $28.99, the smiling crooks at Circuit City will help some gullible soccer mom install "backwards compatibility" on a newly purchased Xbox 360, despite the fact back compat updates are free via Xbox Live (or by mail for those without an internet connection). On a more positive note, a call to my local store confirmed that Circuit City does not charge Downes Syndrome kids double for all Xbox 360 related purchases. At least not yet.
