In August, the company unveiled a four-year turnaround plan to close stores and slash costs, but the benefits have yet to appear as the retailer continues torevise guidance downward.
The continuing waves of negative economic reports in May, June, July and now into August have had economists scrambling torevise their growth forecasts downward, but they have not been quick enough to keep up with the pace of the downbeat reports.
Paul Erickson, an analyst at NPD Group's DisplaySearch, says that like many analysts, he has been forced torevise his next-generation DVD sales projections downward this year, though he declines to give a precise estimate.