Holiday Retail Sales Rise 3%, Miss Target
Retailers saw a 3% rise in holiday sales for November and December combined to $626 billion, according to the National Retail Federation.
Retailers saw a 3% rise in holiday sales for November and December combined to $626 billion, according to the National Retail Federation.
Best Buy shares saw a two-day plunge to the new low, but the retailer hasn't given up on promotions and has a sale that ends Saturday on several laptops.
Best Buy said that domestic sales revenues and same-store sales fell in the holiday shopping season. That does not mean that Best Buy is going to rein in its promotions.
Friday's top analyst calls include Best Buy, 3D Systems, Electronic Arts, Gilead Sciences, Nokia, Shire and United Rentals.
After posting disappointing results for the nine-week period from November 1 to January 2, Best Buy continues to flog big-screen TVs on its website.
Best Buy led the markets down early Thursday morning, following the release of its revenue results for the nine-weeks ended on January 2, 2016.
During the past holiday season, Best Buy heavily promoted TVs, computers and smartphones, and no manufacturer got more focus than Apple.
Unusually warm fall and early winter weather had a sharp impact on retail sales in the fourth quarter of 2015, and the latest weather forecast does not appear to be offering any…
Clearance pricing on certain electronic gear at Best Buy's online outlet store may be too good to pass up, especially if what the company has on offer is something you've been thinking…
By now you'd think that Best Buy would have run out of things to sell at steep discounts. The retailer has kicked off its "New Year. New Gear" promotion.
One company that shows no sign of letting up on its aggressive pricing for the holidays is Best Buy. Free shipping is still promoted for all online purchases.
Many of the items offered at Best Buy Co. Inc. (NYSE: BBY) are priced the same as they were in the pre-Christmas shopping season. Apple iPhones, iPads and MacBooks continue to offer…
Although Best Buy continues to offer big savings on many items, the Christmas Eve promotion is all about getting that last-minute gift into a consumer's hands by the time stores close.
With just three shopping days left until Christmas, online shoppers are running out of time to make their purchases and have the item arrive at its destination by in time to go…
Best Buy has an offer for consumers who want an Apple Watch but have shied away because of the price. But is this an offer they can't refuse?