Best Buy is leaving the European market. The company is selling its stake in a joint European venture with U.K.-based consumer electronics retailer Carphone Warehouse Group PLC for cash and stock worth about $775 million USD.
RadioShack posted first quarter 2013 quarter sales of $849 million and a loss of $43 million, compared with $913 million last year and a loss of $8 million.
GameStop announced that it is now offering NET10 unlimited talk, text and data service at all U.S. GameStop stores.
An iPhone 5 with a $45 unlimited talk, text and data plan is being characterized as an industry game changer by Walmart and its prepaid cell phone service provider Straight Talk Wireless.
RadioShack has partnered with Cricket Communications to offer a line of no-contract wireless phones at its stores nationwide.