Consumer Biz Recap: Best Buy Strategy Explained, Cablevision’s Impending Sale
Best Buy Co. (NYSE:BBY) promises to match the prices of online rivals, but on a case-by-case basis as some sales associates are empowered to broker price breaks with customers on the spot. More specifically, the matching prices only apply to 20 online sellers, led by the giant, Amazon, as well as pure Internet movers Newegg.com and Buy.com
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Cablevision Systems Corporation (NYSE:CVC) hints that it would like to divest the cable system Bresnan Broadband fewer than two years after acquiring it for $1.4 billion. A broader issue could be that if a Bresnan sale works out, it could actually signal the first phase of a greater plan to sell off the firm piece by piece. Observers believe that Time Warner Cable (NYSE:TWC), Charter Communications (NASDAQ:CHTR), and Comcast Corporation (NASDAQ:CMCSA) could be interested.