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Expert View
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Both Amazon and Google are reported to be considering launching music download services. The arrival of these influential players will be a significant step for the sector, whose growth has so far been stunted by the non-compatibility of existing legal download sites. They would also provide a viable alternative to Apple's dominant digital offer.
Published By Datamonitor
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17 Feb 2006 |
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CommentWire
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US music & video retailer Tower Records has filed for Chapter 11 bankruptcy protection for the second time in two years. MTS, the owner of Tower Records, has estimated debts of $89 million and continued competition from grocers and the internet makes the chain's future look bleak.
Published By Datamonitor
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22 Aug 2006 |
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Expert View
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US bookstore chain Borders reported a net loss of $18.4 million for the second quarter ended July 29. Although the disappointing result reflects tough conditions in the retailer's domestic market, Borders inadequate response to competitive pressures is also a contributory factor.
Published By Datamonitor
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24 Aug 2006 |
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Expert View
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Online retailer Amazon has reported that group sales rose 35% to $2.89 billion in the three months to 30 June 2007. This was accompanied by its operating margin more than doubling to 4.1%. With the slew of heavy investment now firmly behind it and a range of initiatives coming into place - including a digital music download platform - the future looks bright for Amazon.
Published By Datamonitor
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26 Jul 2007 |
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Expert View
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Sears Holdings has forecast a decline in second quarter sales and profits. Kmart and Sears stores, the group's domestic divisions, produced negative like-for-like sales for the quarter ended August 4, 2007. The group also expects net income for the quarter will fall short of forecasts and be considerably lower than 2006. Going forward, Sears faces challenges growing both topline sales and profit.
Published By Datamonitor
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15 Aug 2007 |
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CommentWire
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US electricals retailer Best Buy has purchased Napster for GBP67.5 million as part of a strategy to expand its online presence and reach new customers. By enhancing its digital music offer, Best Buy can exploit the synergies with partner Carphone Warehouse to take advantage of the growth potential of the mobile music download market, while mounting a serious challenge to the supremacy of iTunes.
Published By Datamonitor
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16 Sep 2008 |
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Expert View
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Tesco is comfortably riding out the challenging trading conditions facing UK retailing, recording pre-tax profits of GBP2.95 billion for the 52 weeks to February 28. Although exposure to non-food and the impact of its Discounter brand have dented sales growth, the supermarket's international credentials and ability to diversify into new markets will see it continue to prove a formidable retailer.
Published By Datamonitor
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21 Apr 2009 |
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Expert View
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Amazon and eBay have reported contrasting sets of results, with Amazon enjoying a 14.5% sales uplift in the three months to June 30, 2009 while eBay's marketplace sector reported a 14.0% decline for the same period. With eBay set to continue shifting its offer away from auctions towards fixed price items, it has to strike a balance between its new strategy and keeping its core smaller businesses.
Published By Datamonitor
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28 Jul 2009 |
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