Best Buy Co. intends to spend the next five years ramping up its presence in China, by opening several Five Star stores and a handful of self-branded outlets. The electronics retailer also plans to unveil an online-sales effort in China within two years.
Sony has a solution for those who lack booming sound systems in their home-entertainment centers: TV stands that include left, center and right channels as well as a subwoofer. The RHT-G900, which Sony Japan will introduce in May, was designed for the company's Bravia models up to 46 inches in size.
Verizon Communications is teaming up with a furniture retailer to build a lifestyle store in Reading, Mass., that will feature Verizon's FiOS voice, Internet and TV services, the company said. Verizon's new partner is Jordan's Furniture, which also sold the naming rights of its three movie theaters in the region -- including two Imax complexes -- to Verizon.
Profit and revenue grew 33% in the fourth quarter at TomTom as the maker of personal-navigation devices reported 400% growth of the devices in the U.S. to more than 5.5 million units. The company, which is the market leader in Europe while holding a 27% share of U.S. sales, predicted 80% growth for the overall PND market in the U.S. this year.