by Mike Duff | Feb 29, 2024 | Retail Articles
Best Buy overcame a challenging discretionary spending climate to beat a Wall Street estimate for earnings and revenue for the fourth quarter despite lower comparable sales. Net earnings for the 14-week fourth quarter were $460, or $2.12 per diluted share, versus...
by Mike Duff | Oct 18, 2023 | Retail Articles
The National Retail Federation said today that retail sales continued to push forward in September even as consumers faced continuing economic pressures. According to the United States Census Bureau, overall retail sales in September gained 0.7% from August and 3.8%...
by Mike Duff | Aug 29, 2023 | Retail Articles
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...
by Mike Duff | Jul 17, 2023 | Retail Articles
According to a survey released by the National Retail Federation and Prosper Insights and Analytics, consumers will spend record amounts for back-to-school and back-to-college shopping this year. Study results indicate that back-to-school spending will reach $41.5...
by Mike Duff | Mar 15, 2023 | Retail Articles
Overall retail sales slipped slightly in February, but core spending excluding automobile dealers, gas stations and restaurants rose, according to the National Retail Federation. In its monthly retail report, the United States Census Bureau said overall February sales...
