by Mike Duff | Mar 5, 2025 | Retail Articles
Best Buy delivered positive comparable sales in the fourth quarter with adjusted earnings and revenue topping Wall Street expectations. In the year-earlier quarter, net earnings were $117 million, or 54 cents per diluted share, versus $460 million, or $2.12 per...
by Mike Duff | Jan 17, 2025 | Retail Articles
Best Buy is getting into the marketplace game with plans to expand the range of products it offers consumers. The company is preparing to launch Best Buy Marketplace, where it plans to feature what’s described in a blog post as even more innovative brands and...
by Chandler Harvey | Dec 20, 2024 | Retail Articles
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...
by Peter Giannetti | Dec 4, 2024 | Retail Articles
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...
by Mike Duff | Nov 26, 2024 | Retail Articles
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,...
