As it faces tough year-over-year comparisons, Best Buy Co. has released a financial performance update related to the company’s fiscal 2023 second quarter ended July 30 and its fiscal 2023 outlook. The company expects second-quarter comparable sales to decline about...
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...
Costco is the highest-ranked big retail boss outside of the car business on Forbes’ Best Large Employer list. Costco ranked 17th on the Forbes’ list of top 500 large U.S. employers. The Children’s Hospital of Philadelphia is the best large employer...
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...
