Best Buy boon
Best Buy, the world’s largest electronics retailer, said its online sales have increased in certain markets as arch rival Amazon collects tax on purchases in more states.
Tiffany whiffs
Tiffany posted holiday sales that showed its torrid growth of recent years was sputtering in the US, Japan and Europe, with China the only bright spot for the upscale jeweler.
More jobless
The number of new unemployment claims increased last week, but the amount of workers drawing benefits on an ongoing basis dropped to its lowest level since before the financial crisis.
Web freebie
Amazon, the largest online retailer, will offer users free digital copies of CDs bought on its site, as it competes with Apple and Google to attract music lovers choosing to store their songs on the Web.
Toys ’R’ Us
Sales at Toys “R” Us domestic stores fell in December, as weaker demand for electronics and an uncertain economic climate hurt the retailer during the critical shopping season.