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Best Buy eyes used video games
Best Buy, with more than 870 stores in North America, is buying and selling used video games at a few stores, according to Piper Jaffray. The pre-owned video-game market is worth about $800 mil a year, or 10% of the total market. Gross margins are much higher for used games than new titles.
Wal-Mart execs swap posts
The world's No. 1 retailer said John Menzer, who had headed Wal-Mart Int'l, will take over the U.S. Wal-Mart stores division, while the chief of the ...