Best Buy thrives in holiday quarter on discounts, paid memberships
Best Buy (BBY.N), opens new tab posted a smaller drop in fourth-quarter sales than expected and beat profit estimates on Thursday…
Read articleBest Buy (BBY.N), opens new tab posted a smaller drop in fourth-quarter sales than expected and beat profit estimates on Thursday…
Read articleLowe’s Cos (LOW.N) on Tuesday projected a bigger drop in annual same-store sales than previously expected, as inflation-hit consumers cut spending…
Read articleBest Buy (ticker: BBY) posted adjusted earnings of $1.29 a share in the third quarter, beating the consensus call for $1.19 among analysts…
Read articleTarget garnered national attention last week when it said it would close stores in four major cities, citing rising problems with theft and violent crime. But while such moves make it clear that the retail industry is struggling with a theft problem, it’s surprisingly hard to get concrete picture of just how big that problem…
Read articleMany retail stocks have been ravaged amid a tempestuous earnings season.
Read articleHome Depot customers are still shopping — they’re just shifting their priorities on improvement projects. “Our customers and our contractors tell us that there is some stance of deferral when it comes to large projects. Customers are opting for smaller versus larger,” Home Depot CFO Richard McPhail said during Tuesday’s earnings call. “We are also…
Read articleElon Musk’s bet to sacrifice margins now for improved margins later when full self-driving software is completely integrated into Tesla cars failed to impress investors, sending the electric-vehicle maker’s shares down nearly 10% on Thursday. Musk, who has waged a price war against EV rivals since last year, signaled price cuts were here to stay…
Read articleBanks are revving up their work with electric vehicle manufacturers by forging partnerships, offering vehicle financing and collaborating on digital tools. The sector is sizzling: Moody’s Investors Service reports that sales and announced launches of alternative fuel vehicles, especially battery electric vehicles, or BEVs, “are gaining momentum in the U.S. as auto manufacturers drive toward…
Read articleBest Buy Co Inc (BBY.N) on Thursday joined peers with a cautious annual earnings forecast as uncertainty over the U.S. economic outlook tempers expectations for a recovery in demand for TVs, laptops and other electronic products. U.S. retailers offered bigger discounts than usual during the holiday season to stoke demand as surging costs of rent…
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