Retail took some surprising twists in 2024, as the view forward from 2023 didn’t reveal how the way forward would have so many twists and turns. Of course, some developments fell into old patterns and some weaker retailers fell by the wayside. Meanwhile, an...
More than half of 2024 Cyber Weekend shoppers made purchases mostly or only online, while continuing concern about higher prices factored notably in their shopping and purchase choices, according to market research company Numerator. Numerator surveyed more than 9,600...
Best Buy missed an analyst estimate for third-quarter sales and earnings, reporting comparable sales slipped amid consumer uncertainty and a focus on deals. Net earnings were $273 million, or $1.26 per diluted share, versus $263 million, or $1.21 per diluted share,...
To position itself for the season, Best Buy has set its holiday promotional calendar with a special focus on Black Friday-style doorbuster deals. The Best Buy’s Prep for the Holidays Event has already begun with discounts on everything from small appliances to TVs to...
Best Buy sounded optimistic about its prospects heading toward 2025 after posting better-than-expected second-quarter earnings and revenue despite lower comps. Best Buy reported that the appliance business remained soft during the second quarter. Net income was $291...
