The holiday sales event season is shifting into full gear as Walmart and Best Buy have announced major promotional initiatives. First Amazon announced Prime Big Deals Days on October 10 and 11 then Target announced its latest Circle Week for October 1-7 Now Walmart is...
As the consumer electronics sector continues to struggle, Best Buy posted second-quarter comparable sales and earnings declines that still managed to come in ahead of Wall Street estimates. Net earnings were $274 million, or $1.25 per diluted share, versus $306...
Numerator has assembled an early read of the results from the first 32 hours of Prime Day 2023, which reveals that the event is triggering strong sales of home-related merchandise. Top categories that Prime Day buyers reported purchasing were home goods, at 27%,...
As the company prepares for its July supply events, Best Buy is rolling out its updated membership program, now in three three tiers designed for customers who want convenience, value and access, as well as protection and support. Each of the My Best Buy Membership...
Best Buy CEO Corrie Barry, noting continuing macroeconomic headwinds that weighed on the company’s first-quarter financial results, said better prospects lay ahead as sales declines in the tech sector bottom out. Net earnings were $244 million, or $1.11 per diluted...