Sales and earnings slipped at Best Buy after the electronics buying binge that occurred during the height of the COVID-19 pandemic. Net earnings in the first quarter were $341 million, or $1.49 per diluted share, versus $595 million, or $2.32 per diluted share, in the...
With COVID-19 and supply chain issues weighing on the fourth quarter, Best Buy met a Wall Street estimate on earnings but fell short on revenues. For the fourth quarter, net earnings were $626 million, or $2.62 per diluted share, versus $816 million, or $3.10 per...
In a presentation at NRF 2022: Retail’s Big Show, Best Buy CEO Corie Barry revealed the five retail trends she believes are critical to Best Buy and the market in which it competes. The National Retail Federation reported in a blog post that, as part of a session...
In a letter to Congressional leadership, 20 CEOs of leading retailers expressed urgent concern over the growing impact of organized retail crime on retail employees and communities across the United States, according to a statement from the Retail Industry Leaders...
Leaders from several major retailers met with President Joseph Biden as part of a roundtable where they discussed steps taken to overcome supply chain bottlenecks and to meet consumer demand during the holiday season. Retail executives attending were Doug McMillon,...
