Rentals soar as stores do battle

Article Abstract:

Hollywood Entertainment has eliminated its single-night rentals to launch a new promotion that will allow customers to rent new movie releases for five days. Hollywood's latest move comes while competition between the second-biggest video rental retailer and industry leader Blockbuster Entertainment for more of the revived home-video rental market soars. Meanwhile, Blockbuster responded by announcing that its stores will be well-supplied with copies of new releases. The growing competition between the companies, which escalated following new revenue-sharing deals with studios, is already resulting in more membership and projected revenue.

Comment:

Growing competition between video rental giants Hollywood Entertainment and Blockbuster Entertainment spurs rentals

Marketing procedures, Prerecorded Tape, Compact Disc, and Record Stores, Videotape Sales & Rental Stores, Video stores, Blockbuster Inc., Hollywood Entertainment Corp., Article

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Giant retailers shift, sell more appliances

Article Abstract:

Retailers in the US are changing their strategies in marketing and selling household appliances. Unlike in the past when department stores and a few specialty stores were the backbone of appliance retailing, consumers now get lower prices and a wide range of products from mass merchandisers and the Internet. Consumers are expected to benefit more with the transformation as retailers, such as Wal-Mart Stores Inc, Lowe's Cos Inc and Home Inc, form alliances and develop Web strategies with major appliance manufacturers.

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Circuit City to cut appliances; Kmart will shut 72 stores

Article Abstract:

Retail store giants Kmart and Circuit City have embarked on resturcturing plans that include discontinuing entire lines and shutting down stores. The changes will approximately cost each company millions of dollars. Circuit city has announced that it is exiting the appliance retailing business altogether due to increased competition and a desire to focus solely on its consumer electronics business. Kmart will close 72 marginally profitable stores in 28 states.

Circuit City Stores Inc.

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