It's bad enough that GameStop's
Now even GameStop's bread-and-butter business of buying back used games for a pittance and selling them again at healthy markups is threatened. Best Buy
It's also raising the stakes, offering $20 in Best Buy gift cards on more than 100 popular titles beginning Sunday. Several offline and online retailers have threatened to invade GameStop's high-margin turf, but Best Buy is finally making an aggressive push.
Look at the bright side, GameStop. A new Halo game is coming soon.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
(Nasdaq: YHOO)completed the outsourcing transition by handing over its organic search to Microsoft's (Nasdaq: MSFT)Bing. Somewhere out there, a Yahoo! yodel fades into the mountainside.
(Nasdaq: PSUN)isn't any closer to a turnaround, posting a wider operating loss in its latest quarter. Comps fell 10%, which is very problematic when one considers that PacSun's comps fell 24% during the same quarter a year earlier.
- Deutsche Bank downgraded shares of Baidu
(Nasdaq: BIDU), fearing that the stock's capital appreciation is limited in the near term. It's easy to be skeptical on the call, since Wall Street has typically underestimated Baidu's earnings power.
(NYSE: TSL)posted better than expected quarterly results, once again validating the attractiveness of the solar energy industry.
Until next week, I remain,