LCD and Plasma Television Sales Continue To Bolster Wal-Mart's Profits

Wal-Mart continues to make inroads into Best Buy and Circuit City territory with an increased emphasis in consumer electronics, specifically flat panel LCD and Plasma televisions. With Wal-Mart's massive buying power and store presence in both large cities and smaller rural communities, the competitive pressure on mainstream consumer electronics retailers continues to increase. For all the details, check out the report from Business Week.

Related Story: JVC and Kenwood Join Forces - Japan Victor Corporation (JVC), the developer of VHS and a well-known maker of camcorders and home video products, and Kenwood, one of the most familiar brands in car audio products, have consolidated to form a new company: JVC-Kenwood Holdings. For more details, check out the report from Audioholics.