Even artificial intelligence couldn't make up for flagging consumer demand at Best Buy (BBY). For the 12th consecutive quarter, the retailer posted negative same-store sales growth, down 2.9% year ...
Key Takeaways Best Buy's laptop-computer sales increased 7% year-over-year for the company's latest quarter as people ...
Now, as Best Buy struggles to maintain relevancy, it is calling out another concerning consumer trend that has caused it to ...
Since Circuit City, the only direct competitor of Best Buy and the second-largest electronics retailer in the U.S., filed for bankruptcy, Best Buy is now competing primarily with retailers such as ...
Best Buy shares slumped Tuesday after the retailer reported lower-than-expected third-quarter profit and revenue as consumers ...
Appliance and entertainment sales dropped 14.70% and 18.80%, respectively, compared to estimates of down 7.5% and 4%.
Best Buy, the nation's largest consumer electronics chain, on Tuesday reported another quarterly drop in sales as Americans ...